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Victoria Oil & GAS THE BIG ONE (VOG)     

niceonecyril - 24 Jul 2005 15:48

"> Chart.aspx?Provider=EODIntra&Code=VOG&Si
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

lizard - 18 Jul 2006 09:56 - 957 of 2511

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.

soul traders - 18 Jul 2006 11:12 - 958 of 2511

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!!

lizard - 18 Jul 2006 11:43 - 959 of 2511

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

bonfield - 18 Jul 2006 13:07 - 960 of 2511

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.....

lizard - 18 Jul 2006 13:49 - 961 of 2511

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

skyhigh - 18 Jul 2006 13:50 - 962 of 2511

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!)

Haystack - 18 Jul 2006 14:20 - 963 of 2511

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

lizard - 18 Jul 2006 14:22 - 964 of 2511

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!>

espaceman - 18 Jul 2006 14:37 - 965 of 2511

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

skyhigh - 18 Jul 2006 14:58 - 966 of 2511

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 ! :(

mitzy - 18 Jul 2006 16:05 - 967 of 2511

careful now.

EDAY - 18 Jul 2006 16:11 - 968 of 2511

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.

EDAY - 18 Jul 2006 16:13 - 969 of 2511

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.

EDAY - 18 Jul 2006 16:14 - 970 of 2511

a bounce from tomorrow?????

soul traders - 18 Jul 2006 16:20 - 971 of 2511

EDAY, did the report you quote not come out a week or two ago - without putting the brakes on the SP?

Not carping - I believe in this stock and am seriously considering coming back to the table when I feel the time is right.

EDAY - 18 Jul 2006 16:24 - 972 of 2511

i think that is obvious, hence the sp is now very very undervalued.
im amazed..
The GAS FIND comes in for FREE, i dont think anyone seriously grasped that...?!*!!

soul traders - 18 Jul 2006 16:29 - 973 of 2511

Edited cos I ws talking nonsense.

soul traders - 18 Jul 2006 16:30 - 974 of 2511

Seriously, though, I think you can blame this on the bear market conditions -there's nothing out there that is being valued at anything remotely like NAV - and that with record oil prices. Crazy.

EDAY - 18 Jul 2006 16:32 - 975 of 2511

soul trader, do what you want, Go short for all i care, i've had several emails from company over the months and im more than content. the material received is not price sensetive.


soul traders - 18 Jul 2006 19:28 - 976 of 2511

Eday, apologies, I was only trying to be humorous. I am also a very contented holder of this stock and appreciate fully the issue with the undervaluation. Hopefully forthcoming drilling will produce the goods in due course and then this will inevitably take off and become a real winner.
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