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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

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.

a bounce from tomorrow?????

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.

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...?!*!!

Edited cos I ws talking nonsense.

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.

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.

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.

With all these new oil /gas wells, have any of them got a production date, maybe this is part of the trouble with this stock, investors want some certainty of near term cashflows.

Even the oil stocks that are producing are not being bought and are seriously undervalued; it is a pain in the arse, but to get out would be a big mistake
as i found out when i first sold NOP after losing patience, the stock doubled about a month later.

As long as the fundamentals are good we just have to put up with this frustrating market. I haven't invested in VOG but i know this stock is going to rocket one day.

Soul no problem, apologies from myself also.

barclay, today was a good time to jump and wet that beak of yours with VOG,

At 72.% discount to the February 274p levels I think, realistically the fall is massively overdone, and a turnaround is as near as you can get. (full 2.00 discount to recent high).

What every thread and investorjon has been waiting for, start of a cool rally from tomorrow. If not it has to be very close.

The Upside is incredible from 80p.

Downside is incredible as well ! looks like it's going down... could see 50p or even 40p grim isn't it !
We need lots of exceptionally good news and quick or we're going to be drifting down further..

Down and down we go !
Would like to think this is seen as a buying opportunity.. but not taking the risk this time... the last time was 170p when i thought it couldn't go down any further and then it dived big time!.... looks like there's still more drops to come.

well it's still holding 80p from what I can see. There's a whole lotta shakin' goin on so don't know if it will hold out much longer, we shall see.

My (faulty) memory says, insofar as charts have any value, support should be around 84 and unless the break below is quickly corrected the next support is around 50

help ! Grim or what !

that just about goes for everything in my portfolio! skyhigh. mm getting it all their own way as usual. the only thing that can bugger them up is news.

sorry to be a prophet of gloom, but as i have mentioned elsewhere, the markets have been defying gravity and ignoring the gravity of the situation in M/E ...... i do not see any sustainable recovery, and probably just continuing falls until the lunatics come to their collective senses, though that will be some weeks of at best ...... it is certainly not impossible that a terrifying escalation is just waiting around the corner .... perhaps perversely, even gold has reacted $50 from its recent highs, so that may be worth a dabble if investing in something is irresistible (or Swiss francs?) ...... the charts for the indices are also worth a look insofar as they have an almost self-fulfilling logic to them.

interestingly, i note that NASDAQ 100 has again just hit an important support level at 1450 ...... may be worth buying for a bounce with a tight stop say no more than 10/15 points below and consider shorting anyway below 1450, with tight stops above.

Crikey! Good news this morning..in a nutshell...

Well 103 reaches top of first target horizon with gas shows encountered
* 2007 development plan to target best estimate gross prospective resources
of 680 million barrels of oil equivalent
It's grim no more !

I dont hold these but great news for all the holders that have suffered recent falls,

good luck