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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

Harry 160bopd for £100m company is not 3exactly inspiring and a wait of 12months?

20 December 2011

Victoria Oil & Gas Plc


Logbaba Project First Gas and Condensate Production

-- VOG delivers first commercial gas production on schedule.
-- VOG becomes the first onshore gas and condensate producer in Cameroon, supplying the industrial market.
-- Second stage of pipeline network under construction, expected to be completed in Q2 2012.
-- Production expected to grow from 8 million standard cubic feet per day ('mmscf/d') by the end of 2012 to 44mmscf/d by the end of 2014.

Victoria Oil & Gas Plc, the AIM quoted oil and gas exploration and production company with assets in Cameroon and the FSU, is pleased to announce the successful installation and commissioning of production facilities and a gas pipeline network in Douala. Rodeo Development Limited, the Company's wholly owned Cameroon subsidiary, made its first delivery of gas to customers on the Magzi Industrial Estate on the 17 December 2011.

VOG's Executive Chairman Kevin Foo commented, "This is a very significant milestone for the Company. We have now moved from an exploration and development company into a producer. The development of Logbaba is also important news for the city of Douala. The commissioning of two wells, production facilities and the first stage of the pipeline was successful and without incident.

This achievement is the culmination of three years of tireless effort by the team and strong support from shareholders and the Government of the Republic of Cameroon. I am very pleased that we have met our promised target of first production in Q4 2011."

Logbaba Development

Logbaba has gross proved and probable reserves of 212 billion cubic feet of gas and 4.2 million barrels of condensate. VOG has a 95 per cent. working interest and is the operator. The Company has two wells completed as producers. The first well, La-105, tested at rates of up to 55mmscf/d and 1,000 barrels per day of condensate and the second well, La-106, tested at rates of up to 22mmscf/d and unmeasured amounts of condensate. The Company estimates that there are additional prospective resources in excess of 1 trillion cubic feet of gas with associated condensate within the exploitation area.

The Logbaba field has been developed as a fast track project with gas production start-up to the first customer hub while the remainder of the pipeline network continues under construction. The Company anticipates installation of its entire 34km pipeline network, east of the Wouri River, by mid 2012, serving four main industrial hubs.

The Company anticipates gross gas production volumes to rise to a plateau rate of 44mmscf/d by the end of 2014 from 8mmscf/d anticipated by the end of the first year of operations as all initial thermal customers are brought on stream. The pipeline has an operating capacity of 60mmscf/d, which the Directors anticipate to be of sufficient size to satisfy the Douala industrial market over the medium term. Condensate separated from the gas at the production facilities will be stabilised and trucked to the Sonara refinery at Limbe, located 60km away.

Gas and Condensate Sales

In parallel with the development activity this year, gas sales agreements have been signed with 13 industrial customers, including a number of multinational firms. Contract prices have been fixed at $16 per million British thermal units for the first five years (approximately $16 per thousand cubic feet) with price re-sets thereafter. A further 10 gas sales agreements are anticipated to be agreed in early 2012 as the pipeline network expands from the first customer hub in the Magzi region onto the second customer hub in central Douala.

Condensate sales are anticipated to be 160 barrels of condensate per day by the end of 2012, rising to 880 barrels per day by the end of 2014.

StockMarketWire.com
Victoria Oil & Gas Plc reports an increase in prospective resources by over 300 million barrels of oil equivalent ("boe") to 1.4 billion boe at West Med

Other highlights for the six months ended 30 November 2011 include an increase in the Company's working interest to 95% at Logbaba and the second phase of pipeline expansion to central Douala under construction, and expected to be completed in early Q2 2012.

Positive cashflow from operations expected by June 2012 and the company confirmed a US$8 million debt facility was in place.

Good RNS & News....same sp reaction.....no change there then...however, this should stregthen over the next yr?

Been in VOG 5yrs or so from the £2 levels...(but have topped up a couple of times so that my averaged down buy is now3.5p) so I'm very cynical about these spikes to 4p and would agree that the sp would drift back down to 3.5p! particularly as it's been mentioned again in the IC!........ but ...somehow, just maybe, we might be on the verge of a re-rating to 8p+ over the course of the next 3-6months.. you never know!...as a LTH in VOG, I'm keeping the faith and will top up again if it fallls back in the short term. (aimvho)

Also in Shares Mag this week as a buy. Will post article over the w/e.

s
having been in at the £2 level and topped up(i,e averaged down) a couple of times to get your average buy price down to 3.5p you must be holding a mega number of shares.
how is it otherwise possible?
at this level i guess its worth you topping up yet again if it falls back in the short term. maybe you might one day get your average buying price even lower. and be a holder of even more shares in the LT(aimvho)
regards
jkd

Now is a good time to buy this and...hold for the medium term at least...sp just has to climb...

With developing production now on. Forward PE estimated for 2013 at a mere 3.5 times. Present mrkt cap at £104 million. and possibly more to come. There is a good likelihood that it could be rerated more favourably.

Looks set to rise much further now....

yep rf but how much further and for how long i wonder before more PI's pile in and get left holding the baby. maybe its changed its spots. i do hope so for those that believe in such things. history suggests otherwise.
anyway good luck to all you that do. pure gambling in my opinion.
regards
jkd

a salutary chart for you all, and if it went back a bit further, it would scare you even more

I think it topped out at 240p.....and the company said there was still value to be had.....or something along those lines.....now....4.7p....was around 3p at one time....but you have to say the way they have turned this around with this african gas is quite amazing...to me looks pretty good at the moment ...

Blinkin' pulled back.....jkd, i think that you've bewitched this .....

rf LoL
it might just be a normal pull back, nothing to worry about.or it may not be and then everything to worry about.its a gamble, in my opinion.
speaking of bewitching. a good look at all our monthly charts in general may be in order. we are coming up to the spring equinox where many lows and highs are often made. it is the end of the old and the beginning of the new year in astronomical terms but is also so in many ancient mumbo jumbo bewitching teachings.its mighty weird how they so often coincide and agree with each other.
good luck to you
regards
jkd

Cameroon crude output on track for 100,000 bpd in 2012 Sun Mar 18, 2012 11:23am
http://www.precogz.com/home/

Well, VOG is VOG isn't it! been in a long time...hoping the 10-12p target can be attained soon! but...this is VOG afterall!

StockMarketWire.com
Victoria Oil & Gas, the AIM quoted oil and gas exploration and production company with assets in Cameroon and the FSU, has announced the appointment of Neil Kendrick as Director of Projects.

He has held several senior management and executive level positions over the past 25 years with both publicly and privately held companies in the oil and gas sector. His most recent role was as a Project Manager for The Expro Group where he was responsible for the on time supply, installation and commissioning of the Logbaba plant last year.

StockMarketWire.com
Victoria Oil & Gas announces completion of the second phase of the pipeline to central Douala and also an equity placing of £3.15 million (the 'Placing').

VOG confirms that in Douala, a total of 13.2km of pipeline has been installed and commissioned, providing the Company with access to more than 20 large industrial energy consumers.

The Company anticipates sales of ca. 1 million standard cubic feet per day ('mmscf/d') from July 2012, steadily increasing to 8mmscf/d by the end of 2012

The funds raised through the Placing and the Loan are to be utilised as a bridge to positive cashflow, long-term debt funding of production operations in Cameroon, to accelerate the customer conversion process and allow for increased operational flexibility during the build-out phase of the Logbaba Project.

spring equinox 2012 i think was 20/03/12 or thereabouts
mumbo jumbo bewitching and weird or what?
option expiry or not, it matters not.
dyor and best wishes to all.
regards
jkd

Sad to say but this looks like another POS where it's only reason for exisitence is to pay director salaries funded by nothing other than fundraising after fundraising.