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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

StockMarketWire.com
Victoria Oil & Gas (VOG) announced the Savannah Oil Services Cameroon S.A. train rig arrived by ship to Douala port and the 2,756 tonnes of bulk load and containers have been offloaded and are ready for customs clearance.

The new rail-mounted drilling platform for both a twin and step-out well will be located at the existing Logbaba plant and well site, approximately 13km from the port.

VOG's wholly-owned subsidiary Gaz du Cameroun's (GDC) schedule is to commence drilling in early Q3 and complete drilling by the end of 2016.

OVERVIEW
GDC is preparing to drill two wells into the onshore Cameroon Logbaba Field to supplement the two existing Logbaba production wells (La-105 and La-106).

The board of VOG believes that the new Logbaba wells (La-107 and La-108) are required to meet the growing market demand for Logbaba gas, to develop Logbaba reserves, and to move some of our 2P (proven plus probable) reserves into the 1P (Proven) reserve category.

One of the wells will twin the La-104 well drilled in 1957; the other will be a step-out well to be drilled into a target intended to prove up more probable reserves.

Both of the wells will be drilled directionally from a drilling pad adjacent to the Logbaba gas plant, and are to be tied into our production facilities immediately after they are drilled and completed.

The La-104 twin well is almost vertical, with a target depth of 3,200m; the step-out well will be drilled to intersect a target about 1,100m to the south-east of the Logbaba drilling pad, also with a target depth of 3,200m.

Both wells are intended to be production wells from the Logbaba Formation, which is a thick sequence of interbedded sands and shales found at depths between 1,700m and 3,200m below the surface.

In addition to developing the gas reserves in the Logbaba Formation, one of the wells, the La-104 twin, has an additional option of an 'exploration tail.'

This could be drilled from the base of the Logbaba Formation down to 4,200m below the surface to test the hydrocarbon potential of the Mundeck Formation which had historical gas shows in La-104.

LOGBABA DRILLING CAMPAIGN
GDC has prepared rig pad foundations, including, leveling for the drill rig's track and preparations of the cellars and mud pits together with the lay down areas for the equipment and drill piping.

Three drill conductors have been hammered into place and some extra mud pits and a further holding area are in the process of being finalised.

Other major site preparations, including new warehousing for rig supplies, camp civils and the pre-drilling slope stabilisation work are completed.

Transportation and assembly of all component drill parts and camp are being provided for the project by Savannah. VOG CEO Ahmet Dik said: "The drilling rig has arrived in Douala port and we plan to commence drilling at the Logbaba site as soon as practicable.

"Our intention is to complete both the step-out and twin wells during 2016 aimed at unlocking further reserves and production capacity for sale to the burgeoning energy market in Douala.

"Additional gas reserves can be rapidly monetised to supply our captive energy market which we believe is largely insulated against fluctuating oil price and currency movements."

more debt, looks like it will a few years at least, before they are self funding.

A bit of positive news.
Victoria Oil & Gas has posted an H1 pretax profit of $3.9m, from a year-ago profit of $215,000. Revenue was $23.6m, from $18.9m.

"The first half of 2016 has been a stabilising period in the Company, as we deliver on our strategy to increase production and grow our pipeline network in Douala, Cameroon," said executive chair Kevin Foo.

"Our market assessment indicates a growing demand for our gas, for both thermal and grid power markets.

"The Matanda acquisition was a major extension of our influence in the region, whilst the drilling programme is expected to unlock new reserves for sale to customers.

"The preparation for drilling at our existing Logbaba production site is complete, and spudding is expected shortly. Expansion work on the Bonaberi pipeline is on track, and with Gas Sales Agreements in place, we expect to deliver to these new customers before the end of the year.

"As we deliver on our expansion targets, we will look to increase the process plant's capacity. The settlement of the reserve bonus and termination of the 1.2% royalty was an important matter to resolve and will mean greater revenue for the Company going forward

StockMarketWire.com
Victoria Oil & Gas said Gaz du Cameroun S.A. (GDC), the company's Cameroon gas producing and distributing subsidiary, has spudded development wells La-107 and La-108 in the Logbaba Gas Field.

The wells are being drilled by Savannah Oil Services Cameroon S.A. ("Savannah") using the Komako 1 drilling rig.

The budget total for the two well programme, without the exploration tail, is approximately $40m, which is expected to be funded by revenue and partner contributions.

StockMarketWire.com
Victoria Oil & Gas said Gaz du Cameroun S.A. (GDC), its Cameroon gas producing and distribution subsidiary, has successfully completed both the Phase II & Phase III of the Bonaberi pipeline extension programme.

GDC has laid a total of 15km of gas pipeline, including spur lines and metering points to seven new customers. Three of the new customers are now consuming gas for thermal applications.

The remaining four thermal customers are scheduled to commission their burners during Q1 2017. The estimated consumption from the seven new customers will be 600,000 scf/d.

The Bonaberi extension of the central pipeline is part of the Company strategy to provide gas to the Western industrial area which is becoming a new hub for industrial developments utilising Douala's port, power and road networks.

GDC has established itself as an important supplier of energy to industry either through thermal gas supply or via gas to power and had anticipated the Bonaberi growth and will be able to meet the growing gas demand in this area.

StockMarketWire.com
Victoria Oil and Gas has reported an increase in average gas production to 7.64mmscf/d in Q4 2016, from 7.14mmscf/d a year ago, in the three months ended Dec. 31, 2012.

The company further noted a 4.5% increase in gross Logbaba gas sales of 654mmscf for the quarter, from 626mmscf. It also noted a 24% increase in gross Logbaba gas sales of 3,566mmscf for the year, from 2,868mmscf.

Revenue for the Cameroon-focused company in Q4 totalled $4.6m, from $4.7m.

"The Bonaberi pipeline extension provides gas to the western industrial area of Douala, which is fast becoming a new hub for future developments looking to access Douala's port, power and road networks," said CEO Ahmet Dik.

"We have established ourselves as a vital part of the energy infrastructure for the city and the region," the CEO said.

"I am particularly pleased that year on year gas sales for 2016 has increased by 24% and a monthly production record has been set this January.

"Our drilling programme has progressed well and we are reaching an exciting phase as the wells descend into the Logbaba Formation. We look forward to providing further updates in the coming months."

a company with many burned fingers and worse in its very spotty history

below tells you that this is still a piddly company
Revenue for the Cameroon-focused company in Q4 totalled $4.6m, from $4.7m

and of course, revenue should not be confused with profitability

cynic, 'and worse' lol

a picture paints 1,000 words

lol, not expecting it to reach those dizzy heights, are you?

i'm not expecting to buy any though i recollect i have a handful from somewhere back in prehistoric times