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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

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...

Lizard , I just bought in at what I thought was a decent price 98p - this is going to be an interesting ride !

a rollercoaster short term espaceman!. i think mm know news is epxected to be limited atm and are exploiting this scenario.

long term hold. not many oil companies flying atm vog not the only one struggling, but they will be back no doubt.

Bonfield, a rights issue is very unlikely; they'd do a placing. However, their last fundraising should be enough to see them through the rest of this year if memory serves.

All, expect more volatility; there will be buying opportunities for the brave and for those who take the long-term view!!

this is where you can make your money but timing key!> risky but decent rewards on offer.

sorry s.t., you're quite right that's what I was meant. Probably be later in year. I think last one was in Nov or Dec, around about 78p I believe. If we go any lower even the directors who piled in then will be underwater.....

going from bad to worse every day. a shorters dream atm!.

Grim isn't it ?
How much ami I loosing on this one ?
should I stay or should I go now !
Looks as though we're heading down to sub 50p !
(this is a prediction not an intentional de-ramp!)

My feeling has been that it will bottom out at around 30p.

now that is deramping skyhigh(haystack)!. im going to weather the storm. i aint seeing much motoring in the sector atm. the directors added last week at 93p so they trading at a loss atm. comforting!>

As far as I can see , there aren't many companies whose share price are perfoming very well at the moment .

I'm staying in also... even if it does go down to 30p !
Can't help thinking I've been well shafted in a classic mm "pump and dump" exercise... I should've seen it coming... when will I ever learn ! :(

careful now.

A REMINDER:
LONDON (AFX) - Victoria Oil & Gas PLC said managing director William Kelleher has acquired 54,400 shares at 91 pence each and now holds 4,467,694 stg, representing 3.87 pct.

In addition, director Kevin Foo has bought 32,000 shares at 93 pence each and now holds 2,946,944 shares, representing 2.55 pct.

Borrowed Renaissance Capital Research Alert issued
:
Scale of resources largely unchanged. VOG also said today that an
updated DeGolyer & MacNaughton report confirmed 1bn boe of gross resources
for West Medvezhye. D&M had previously estimated that the other 26 identified
structures in the acreage could harbour prospective resources of 5.3 tcf (883mn
boe) of gas and 164mn bbls of liquids. The risked best estimate of these
resources is 1.0 tcf (168mn boe) and 31.5mn bbls.

Target price update. Excluding Danniella from the resource base barely
alters VOGs valuation. Based on Novateks 2010 EV/production rating, a
150 bcm prospect from which 4 bcm of gas production might be achieved is worth
an estimated and marked-to-market 3.74p/share today. This allows for the
funding gap to actually get there. Our mini-DCF still indicates that such an outturn is worth GBPp407/share.

The midpoint, 3.90, is our updated target price, up from 3.16 previously, mainly on account of Novateks recent performance.

Buy the weakness. While todays share price plunge is a stark reminder of
the risks associated with junior exploration plays, VOG seems to be pricing-in
failure at the current price of 1.05.

This represents around $6.5/bbl for VOGs 2P oil reserves in Kazakhstan. Hence, the very large gas upside now comes for "free". VOGs EV/resources of $0.20/boe is less than one-fifteenth of Novateks current EV/reserves multiple, so we see a good risk/reward here.