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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

does anyone here use td waterhouse as an online broker?.

i am getting totally confused with how they calculate book costs?. if i buy 1000 worth of stock my total book cost should show 1000 inc commission. but every trade i do i am getting a reduced figure probably over 100 off book cost showing say 900. i have spoke to them and worryingly their figures dont match either. they are saying they take an average and calculate in relation to the inland revenue. totally dont get it and how they arrive at this over complicated method.and what has it got to do with tdw and ir i declare my own tax surely?.

i use to be with american express inv who i didnt have one problem with this in 5yrs. they shut this division annoyingly as i was v happy. why is the book cost valued at an average?.


any advice much appreciated?.

Strange, Lizard. I use TDW as well - it's true that if you buy and sell a particular stock in chunks then your book cost is expressed as the average (basically because the system cannot match trades to see what you really paid for the stock you retain in your portfolio).

I thought that the IR looked at share trades on a LIFO basis for capital gains purposes (however, I am not an expert as I'm taxed according to German law!), and so I would have thought that the average has nothing to do with taxation.

Have you actually sold any of the stock in question or is your position only composed of purchases?

st- both sells and buys are giving me a v strange calculation on book cost which i frankly dont understand. i have someone phoning me tomorrow to explain exactly how they arrive at this figure and figures as every trade i do i cant understand the new book cost.

my past broker used a simple and logical method?. where is the average cost coming from? if i buy a share at 7p there is zero average it is 7p?. . if my book cost is 15k and i buy 1k of stock my new book cost should be no question 16k. where as tdw would probably give 15,850.



i dont get these methods and very worringly they have been out as much as 700 and each time i have had the book cost ammended?

when you buy shares you pay half a percent of the value of your order in tax. Then included in your order should be a set cost for buying ie 9.50 for buying or selling. So if you buy some shares for 1000 then i would have thought they should charge 5 tax and whatever their buying cost is.

when you sell your shares you do not pay any tax. only the broker charge.

cheers candolim- but i still dont get tdw over complicated methods of calculating book costs? my last broker kept it simple and where the averaging is coming from is new to me.

TDW's book costs include the cost of trading (i.e. the rate charged for the transaction plus stamp duty). Lizard, it sounds like there's some kind of glitch as the figures you're getting are clearly way wrong. TDW does offer the opportunity for you to ask them to correct the book costs - there's a form you can download, but I'm sure you're aware of that already.

cheers st taken into acc comm and sd. i know about the bc form as i have to download it send it every trade i make. person i spoke to at tdw has been with a few brokers and he didnt get this method either- worryingly ?. why make it so complicated?.

it is a problem when you have an existing holding and add or reduce as cant work out how they arrive at their figures ?. may change.

Quite a fall from grace.

Over promising and under delivering as far as the rampers go.

at least we know the directors increased last week. so must think they are confident. must admit i have enough but getting tempting again. US$100pb on its way.

Lizard be carefull vog are producing f#ck all at the mo, oh 200bpd, its bad for the general market if crude does persist on going up, apart from the big producers i can see this drifting down with the market before it comes back up.

I agree, I think VOG is overhype - not much to offer at the moment.

at the moment!.

lizard did you manage to get your brokers fees corrected? must admit they did seem outrageous. re vog at the moment I must admit I do not feel comfortable, the whole market seems to be on a downward trend. american markets down heavily at close, meaning tomorro london will be opening lower. The news seems to get worse every day. Since may my portfolio has dropped 30 percent in value. I have been buying and selling shares for four years now and have not experienced a drop like this. Vog has been my worse drop. Must admit I left myself highly exposed to what has happended because of the percentage of my holding. In future when a company withholds news for a long time, we must take the view, that there is no good news to tell. Any way looks like i am in for the long term now. let hear some more views on when you this they will make a recovery and when the next news will be forthcoming.

candolim. seems the total sector has performed poorly over last few months, as usually the case this time of year. still confident they will be in favour soon. some bargains out there i reckon.

reg tdw .they sent a detailed analysis back.still confused but to summarise;

BOOK COST
when an individual has acquired shares in a single co over a combination of transactions it will not be clear which shares have been disposed of when a sale is made. this makes it difficult to establish the cost of shares disposed of for capital gains purposes. As a result the i revenue has a set of rules, which are implied in these circumstances.

the computer will calculate the average price of the stock.

*****
i seem to get different levels when i increase or decrease an exisitng holding, if i buy a new hlding no problem so it is all to do with averaging. not used by my past broker.ie even if i bought 5k to increase my holding it will probably add 4300k to my bookcost?. if exisiting holding was 7k new total book cost must surely be 12k?.

it is also annoying i bought a share recently on a T20 it was in the money so sold before settlement. i was using this trade only as a measure of profit or loss. it has been said to me that this trade didnt make money as my average is higher. my reaction was that trade did because i bought at ** and closed at ** therefore locking in a pprofit on thatr trade only.

when you buy and sell your shares you should recieve a contract each time, when you come to sell your shares in each different company, especially if you have bought say three different holds in the company at different times. It is best to phone the broker and tell him the contract reference no each time. Then you can match your sales. I keep double entry book keeping record each time I close a deal. This is for tax purposes at the end of the tax year. This way you can match up your sales with your purchases. I can see where you are coming from now. Previous years I have shown profits, and not a loss at the end of the tax year. Can anyone tell me if you can claim back tax that you pay on share purchases, at the end of the tax year. This if say I have made a big loss at the end of this one, and how does it work.

Do you mean the stamp duty you have to pay when you buy shares Candolim? In which case,I believe the answer is no you can't claim it back - it is an entirely seperate tax to capital gains.

thankyou for the information frampton , you have now answered my question.

this is taking some hammering glad i didnt increase the other day at what i thought was a decent price. vog was trading at 260p not far back now 79p. some fall!>

i still have optimism for this company and will try and buy in again at a decent level what ever that is. timing the major factor.

gone back in. Seems to have some support at 80p level and I sold out at average of 200 (prob need to deduct 10% for two in-outs on the way down!) so only risking my profits on this one. Can't see much in the way of news for a while though.Might even be a rights issue if the cash is running out, any thoughts? If they were better run they'd have raised money at the top...