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http://www.moneyam.com/action/news/showArticle?id=4381032
http://www.moneyam.com/action/news/showArticle?id=4381151
http://www.investegate.co.uk/victoria-oil---38--gas--vog-/rns/final-results/201310250700053729R/

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VOG is presently drilling Well 104 in its West Medvezhye field,and expected to reach depth in 4 weeks from spud date of 30th June, that makes 27th July(this week).
Results of testing will be sometime mid/late August, with a positive outcome
it could be HUGH.
With estimates of 134BILLION cubic metres of GAS and 201 Million barrels of Gas
Condensate,it will be a Company Maker. The field is in the area of the largest gas field in the WORLD.
Other assets include Kemerkol in Kazakhstan, with C1 reserves of 8.7MBO
and C2 reserves of7.8MBO. Another acquistion is Tamdykol with potental
reserves of 34MBO, it also has interest in 2 blocks in the North Sea.
You can check it out on www.uk-wire.com, and its own site of www.victoriaoilandgas.com.
It has excellent management team led by Kevin Foo, who hopes to turn it into
a Mid Cap Company(�500m+) in the not to distant future.
As i stated earlier in the post, Drilling is almost complete so it won't be long to Lift Off?
Well, Well worth checking out.
cyril

http://www.investegate.co.uk/Article.aspx?id=201111040700164867R

http://www.investegate.co.uk/Article.aspx?id=201111290700139263S
http://www.investegate.co.uk/Article.aspx?id=201112200700132888U
http://www.investegate.co.uk/Article.aspx?id=201207090700051587H
http://www.investegate.co.uk/victoria-oil---38--gas--vog-/rns/rsm-default/201401130700074445X/
http://www.investegate.co.uk/victoria-oil---38--gas--vog-/rns/interim-results/201402280701321590B/
http://www.investegate.co.uk/CompData.aspx?code=VOG&tab=announcements

This would be an ideal time to release the RNS...

Good volume today, without being silly ...... I am quite sure VOG will make their announcement as soon as they have something confirmed to report

personally i think they must keep quite for the next few days and let the upward momentum continue and let it touch atleast 2 before releasing the news. that way the upside is higher. if they release now the share will shoot upto 2 or maybe 2.40 which is not that good considering it was 2.40 before the news. so relax and average down in the mean time since news should ideally be out withing 7 business days. 10 p gain a day is good for now.

real closing price was 155, though there seems to have been some silly after-bell auction nonsense which may make the closing price look like 140 ..... bet you won't be able to buy at that price tomorrow morning!

REUTER'S ARTICLE...........Surprised that this Reuters article has not been suppressed or derided by the Bush government. Bad news for us all unless you hold shares in oil and gas companies. Maybe part of the reason for today's rally in oil/gas shares:-

http://money.cnn.com/2006/06/20/markets/oil_intl_outlook.reut/index.htm

From,independent.co.uk
Victoria Oil & Gas shares were strong, against the market trend in smaller oil exploration and production stocks, helped by the Russian investor Glengary Overseas building a significant stake in the rival JKX Oil & Gas. Victoria climbed 14.25p to 154.75p on decent volume. Recent activity at the group's Siberian wells has been hampered by bad weather but traders are betting the mud will clear in the Russian summer and the company will get back on track sooner rather than later. JKX was the leading FTSE 250 gainer, adding 30.5p to close at 404p.

http://news.independent.co.uk/business/analysis_and_features/article1093543.ece

Thanks chuckie for this...
Let's hope the mud clears quickly...... good start to the day this morning !

Indeed ... some strange but sharp flurries to sp though it has now settled back to 163 (+8p) after 171.

Looks pretty similar to yesterday (apart from the initial slump). A spike in the morning followed by a slow but steady rise

dthomson, an interesting article, although I think the EIA was perhaps a little too hasty in its dimisaal of alternative fuel/energy sources, which will gain prominence due to market forces if the price of oil remains high.

Nice recovery on VOG - I trust this will continue as positive drilling news comes out.

There are some very strange things going on with sp today, for which there is no logical explanation or even any news ....... volumes are pretty average, but price opened at about 173, drifted down to 163, suddenly dived to 147 and is now recovering again (152)

Having risen for several days now, it wouldn't surprise me if some people are thinking of shorting (given that a share price rarely goes up and up and up). If the shorts then subsequent longs are big enough, it'll probably cause some strange price movements, while the orders on the book get shuffled around. I suspect the price will go down.......eventually. If people are buying for a quick buck, then even a good RNS may well see a sell-off. In my opinion anyway.....

Strawbs.

I would tend to agree with you if the current price had got ahead of itself. However, sp was basically smacked from about 250 down to 120 because of some over-optimism + general market fallout and a (warranted and explained) delay in the expected report. Now the price is back to say 160 mid, it would be a brave man to short, with upside surely far outweighing the down.

Maybe. I get the feeling that the money is moving around in some of these O&G stocks at the moment though, simply chasing the next RNS. I noticed a sell-off in MRP and CHP after RNS's, and they have been trending down the last few days while VOG's been going up. It wouldn't surprise me if people are cashing in on one set of stocks, to chase the money and get back losses sustained over the last few weeks elsewhere. Plus I don't think you can trust the market to do the "right thing" at the moment. In my opinion anyway....... Oh. And of course not to mention, we have certain interest rate activity just around the corner....

Strawbs.

Just for the record, I hold CHP, MRP and VOG.

CHP
I did not think their RNS was anything to get that excited about, though as a long-term hold it may well prove very profitable.

MRP
IMO, this stock is now ridiculously underpriced, not only in the light of their latest RNS, but also taking into account the article on oilbarrel. In fact, sp hardly flickered either in the anticipation or the actuality of the latest RNS.

VOG
Seems to have a pretty impressive track record of issuing sensible statements, fully supported by qualified 3rd party assessors. The one now awaited should, one hopes, solidly underline the extent of what is said to be more than a tasty reserve in anyone's language. Whether that RNS comes up to scratch and/or leads to significant profit-taking remains to be seen. IMO, on the reasonable assumption that the report is indeed good, then profit-taking should be minimal if at all.

The VOG RNS can't be far away, and assuming it's good, it'll be interesting to see which way the market votes. It makes no difference to me anyway, as I'm currently sitting on cash. All my former O&G stocks (MRP, CHP, VOG, MXP, AEX and EEL) are still substantially lower than when I sold them, so I'm happy to miss out on any rally that might occur. I'm still betting that rallies will be short lived, and further interest rate worries will push prices down further still.

IMO etc.

Strawbs.

cynic- no goo!?-

GOO doesn't seem to have much to say at the moment .... yes I do hold them - in the bottom drawer!

Surprised nobody mentioned this yesterday:

RNS Number:9611E Victoria Oil & Gas PLC 21 June 2006 Victoria Oil & Gas Plc 21 June 2006 Significant Shareholding Victoria Oil & Gas Plc (the "Company") was notified on 21 June, 2006 by Man Financial Limited that it no longer holds a notifiable interest in the ordinary shares of the Company. Kevin Foo / George Donne Leesa Peters/ Laurence Read Victoria Oil & Gas Plc Conduit PR +44 (0)207 921 8820 +44 (0)207 429 6605 +44 (0)7979 955 923 This information is provided by RNS The company news service from the London Stock Exchange END HOLEALKFALEKEFE

Do they know something we don't?

probably!