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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

Cynic,

First time anyone's said I talk sense.... :-)

Slightly off topic: I've been playing with a demo CFD service for the last few days. Mainly to see if I'd be any good at trading (as oppossed to investing). God it's scary. How do you guys make any money. I've lost about 45% of the "pretend" cash in 2 days. Suppose I wouldn't be that reckless with my own cash, but easy to get carried away. Back on topic. It just compounds my fears of what could go wrong if people are trading with big losses on these margin products, and the rug suddenly gets pulled out.......

Strawbs.

Strawbs,

I have never CFD'd, but have been thinking about the principles recently. It strikes me one is better served CFD'ing when market conditions are stable and you can be more or less certain of the direction in which an SP is likely to head. Just as with short-term trading ordinary shares, in other words.

Soul Traders,

I think you're right. It's the first time I've tried using them, and it'll be the last. I don't know if spread bets are any safer (I've never used them either), but I'm sure these geared products are influencing market volatility, one way or another. I suppose with the correct training both could be used safely, but still too scary for me.

Strawbs.

Spread bets are like firearms, Strawbs - extremely dangerous in the wrong hands!

I would consider CFD'ing, but spread-betting could result in lots of tears. I can still imagine situations in which they could work for me, but one would have to be very prudent about their use.

You are right re market volatility - I read an article this week in which it was mentioned that these products exacerbate the kind of swings we have seen recently on the markets, although by how much I cannot remember.

Soul,

I was starting to look at both, from the point of view of being able to short, as that's my inclination at present. Spread bets are at least tax free, and on the surface seem to be no less risky than CFD's. Not sure I'm cut out to be a trader though, so unless I can find one that's virtually risk free (e.g. you can only lose what you have on account, and not be liable for potentially spiralling debts), I think I'll give them both a miss.

Strawbs.

Set my stop loss at 150p, who knows were this is going, think ive been very sloppy recently i think you call it greed. but hey its experience.

I think what vog needs an rns concerning reserves and not estimates this would at least stabilise the spread and bring more value to the company.

I feel better know having made this decission , will it get to 150p i dont know but if it does am out.

goood luck to all those who hold.

Strawbs .... I think the gearing on CFDs and spreads is similar ..... Insofar as I ever manage to make money (I do sometimes!), it is because I can watch throughout the day ... I also have a good guide at IG who also manage a small discretionary portfolio for me ..... Trading at the moment is certainly pretty scary it has to be said!

Btw, keep your fingers crossed as Dow has now gone back through 11100 mark and holding, after an earlier low of close to 11000

Unfortunately we should have set our shorts between 220-250 last week!

Lots of us should know better, but we never learn!!!

I issed the last bit of trading, but assume there was no logic behind the fall in VOG - e.g. no RNS that I missed or similar

i would be more concerned if vog were falling in a rising mkt, as it is not i'm not that bothered medium term.

as i mentioned elsewhere, trading this week was going to be peculiar anyway as B/H tomorrow and de facto on Friday and B/H UK and US on Monday

still heading down to 150p, maybe even 130p

I'm relieved by what you say strawbs about being 100% cash. sold out shares on monday big falllers only to see them rise tons yesterday, felt a right pilchard. But I can't help wondering regardless of high oil price whether oil shares will still fall.

But presumably you feel better today having watched them drop again? I have the same 'pangs' of should I buy back when I see them rally..... So far staying out has proved to be the sensible option though. I sometimes wonder if it's almost a drug....pressing the buy/sell button. That's probably why most people end up giving all their profits back. Hard to break the addiction.

Strawbs.

I agree...strawbs...pressing the button gives a buzz to our lives...like an patient on a PCAS pump.

Couldn't resist these any longer and bought at 171p.
I reckon the majority of spread betters and/or short sellers are out of the way now.
Onwards and upwards I say !!!!

Ian

Calling all shorters .........

GET OUT QUICK !!!!

You're gonna be slaughtered.

Have a good weekend

;o)

Be brave, well done, nice turnaround, they have a bloody lot of gas these guys!!!!

anyone know when new reports are expected on other wells? SP is yo-yoing too much lately, looking forward to a bit of news that could stabilise it. I'm not aware of any change in the fundamentals which would have resullted in a drop from 240p to 160?? I went in at 200p

Queen,
absolutely no change in fundamentals.
Indeed the last announcement was excellent.
The general market shakeout has hit VOG as much as many other oil and gas companies.
Barring another severe market correction like last week the SP should comfortably exceed 200p next week.
The first real resistance will be around 220-225p.

Ian