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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

no .... otherwise it would have been worded differently ..... but such a holding is pretty minimal and of no real consequence

i said 130p last week and everyone again here laughed.

it pains me to say that i was right again. next stop is 100p

scotinvestor, what makes you think this?

scot ..... when baby is thrown out with the bathwater, a downward prediction of any kind is easy to make, whatever its merits ...... For the time being, I shall sit tight with these and play ducks and drakes with the indices

I saw this article in the FT. don't know if it's relevant or not. Have VOG found enough reserves to qualify?



--------------------------------------------------------------------------------
Main page content:
Russia further restricts foreign oil groups
By Arkady Ostrovsky in St Petersburg
Published: June 13 2006 21:06 | Last updated: June 13 2006 21:06

A senior Russian minister on Tuesday proposed tightening restrictions on foreign oil companies and increasing the number of oil and gas fields which the government defines as strategic, in a sign of increasingly nationalistic policy towards energy resources.


ADVERTISEMENT




Speaking at an international economic forum in St Petersburg, Yuri Trutnev, natural resources minister, said his proposal was designed to protect Russias national interests.

We dont consider it energy egotism. We consider it concern for our national economy, Mr Trutnev said of the strategy.

Under Mr Trutnevs plan, foreign companies, or those with 50 per cent foreign participation, would not be allowed to develop fields with more than 70m tonnes of oil and 50bn cu m of gas. The ministry had initially said the cut-off would be 150m tonnes of oil and 1,000bn cu m of gas.

Mr Trutnev suggested the proposed restrictions would particularly affect TNK-BP, the Anglo-Russian joint venture. The new proposals are set to form part of a draft law which has been in preparation for over two years. It has been presented by Vladimir Putin, Russias president, as creating predictable, precise and transparent rules.

Addressing foreign investors at the economic forum on Tuesday, Mr Putin said: The advantage of our country is natural resources. This is the sector that attracts foreign investments. He said the new law did not mean foreign investors would be barred from [strategic] fields: The only question is the mechanism of control.

Mr Trutnev singled out ConocoPhillips, the US oil company, which has a minority stake in Lukoil, as a preferred model of co-operation. But analysts said the new rules would extend the domestic dominance of Gazprom, Russias state-controlled gas monopoly and Rosneft, the state-owned oil company.

The proposal comes three days after Russia agreed to the inclusion of the energy charter treaty a document promoting the opening of access to oil and gas infrastructure into a final statement by G8 finance ministers.

But Alexei Miller, head of Gazprom, said the treaty did not reflect reality in the gas sector.

Attempts to limit [Gazproms] activity in the European market and to politicise the question of gas supplies  would not lead to positive results, he said.

Dmitry Medvedev, Russias first deputy prime minister, who is also the chairman of Gazprom and is tipped as a possible successor to Mr Putin, pledged stronger backing to Russian companies seeking to expand in foreign markets.

He said: Russian companies lose in competition not because of low quality and high costs, but because of the absence of an effective system of support.



As for the shareprice, it looks like panic selling has driven it this low. I noticed some support and a lot more volume at 122-127 level. Directors bought in around 1 in the rights issue last year so that should be a pretty solid support but I doubt it will actually test it. I think a bounce may be in the offing............

I sold out of these around 2, trailing stop rescued me there. I've gone back in twice to a lesser degree at below 1.50 but it's been like a falling knife so far.

Good luck all,

Bonfield, an interesting if worrying article. It's difficult to be sure of what is meant as the words are a bit weaselly. What, for example, is a "field"? A license? A prospect? A series of hydrocarbon hits in the same geographical area?

EDIT: VOG might be hit by this new law if they find gas in the volumes for which they are hoping, i.e. 5.5 trillion cu ft. 50 billion cu m is just under 1.8 trillion cu ft, if my sums are correct.

As to the SP, I'm not sure if technical analysis is much help at the moment as the market is so unpredictable/irrational. Might be better to watch and wait for a solid upturn on good news or a clear realisation that things are oversold. Which may still take time. Just an opinion; contrary views welcomed.

thx for doing the calcs. Maths is not my strong point. I'm sure they're OK as the resource is not proven yet.

As for the shares, I saw a lot of buys of 500k go through around those aforementioned levels and some today which suggests institutional buying. Not a ramp by any means, but could be promising if a bottom for the price is sought. Below 120 would see 100 I'm sure but the MMs know that so a bit of tree shaking there no doubt.

Sitting out the current turmoil would seem sensible. My tuppence worth is that when the market bounces (don't know from where though!) it will move so fast that VOG and the like may be up 20% in a day. Then the question is, do you pay 20% more than yesterday or wait for a pullback that may or may not arrive. Tricky business this investment lark!

I reckon this is the low for VOG, I have a stop in place if I'm wrong but if they hit a duster I'll by cooked like everyone else as the price tanks.

Bonfield, if the gas price stays more or less where it is (and I read something yesterday which suggested that it is low in relation to crude, which I take to mean historically speaking, so it should be more stable than oil prices, possibly, maybe) then you may well be right that VOG is due a sharp revaluation on good news.

However, as has been observed before, the market is scarcely reacting rationally to any news at present, so rises on the back of positive reports could turn out to be short-lived. Today's little bounce is to be expected after the recent drop of around 30% over the last week or so. I take your point about support around 122/127. How robust this support is is anyone's guess.

Again, it's a situation in which long-term holders are likely to come out best. I'd be very surprised if VOG don't find hydrocarbons in commercial quantities at West Med, but it is a question of when and also what level of market cap the resultant value is likely to support. 150 mil could still be quite a lot of money to pay for a co that is not yet producing in large quantities.

Good question re: "do you pay 20% more than yesterday or wait for a pullback that may or may not arrive?" You're back to the issues of whether or not you want to catch a falling knife, versus that of simply knowing by some sort of instinct when a stock is undervalued and oversold. Sometimes it's better to miss the first move in a stock in order to be sure you're onto a winner. Peter Lynch's wisdom, not mine, so blame him if it goes wrong!

Obviously one could debate the issues all day. Personally I still feel inclined to wait, but I'm also sitting on a core holding with which I feel comfortable in current conditions. Previously I was way overweight in this stock, but felt obliged to cut back in the interests of being able to sleep at night!

WDIK, PDYOR, and good luck as I am sure that this will come right in the end!

possible delays at (Eme) details released on the other bulliten board, take note sp dropping off again,

DO YOU MEAN (VOG) OR (EME)

Does anyone know whats going on? Its just dropping even further

it's unacceptable that vog have let price drop this far without releasing some kind of statement to clarify the situation...

Its a disgrace VOG. They should release the bloody news.

I think it's safe to assume that VOG is as concerned about the SP as its shareholders are. Previous posts bear this out; if you read back you'll find someone did actually have a chat to one of the managers/directors, who was as reassuring as he was able to be. However, if they have no update to give other than the fact that operations are continuing, then there's little for them to say that will have much of an effect.

In any case, I've read so many conspiracy theories about the state of the market in the last month that even if VOG did issue some kind of reassuring statement there would still be people who would say it was a ploy to massage the City boys, or something.

Sorry, peeps, but these are the effects of a bear market. However, at the right time it'll be a stunning buy opportunity if VOG lives up to its potential.

Anyone needing any comfort should take a look at the massive rebounds on the charts of SBE and NOP over the last year or two (bearing in mind that SBE's chart, e.g. on FT.com., was cut off at the bottom of the fall due to a share consolidation, so it in effect looks like a new listing, but its actually a stock that dumped its load big-time in late 2005 after a suspension on AIM).

As long as VOG confirms its gas reserves, it'll do a similar rise too.

All IMO, PDYOR, etc.

Scotinvestor, it pains me to say this, but I think you're right about 100p being in sight. Okay, I don't score any points for making the observation when 110 has already been and gone . . .

And if we go through that (and I am certain we will), then expect things to get bloodier than ever. High share price + next to no income + bear market = Stock in free fall.

However, a thought: People who want to get poor quickly will look at the present and sell at the bottom. People who want to get rich quickly will look to the future and buy at the bottom.

And if I post any more "Chinese proverbs", Cynic will smack my bottom.

they are flogging it off because they know they can get away with it- notice no rns after 3pm so highly unlikely it will not come today so sell. hopefully if and when it comes it is good otherwise we are fucked even further. sorry for the language but lost on paper a load and don't care.

Agree, we've all been shafted... I bought in at 2 before it went up to 2.60. i then went in again at 1.72...

mms ought to be shot for what they have done....and i ought to have my examined for being taken in by it all!

can only sit tight now and hope and pray it recovers !

Get out of VOG while you still can.

This is a Regal Petroleum job again.

All oilers are being hit hard so not just a VOG problem. Many employees of VOG took shares instead of payment last year so they are just as concerned as all the PIs. This will come back and stronger than ever as the fundamentals of the company are exactly the same as they were when the price was two pounds sixty.
Should see some blue tomorrow with the dow up 60 points as I type.

Get a job and talk some sense.

The fundamentals are unchanged here. We have oil production at Kerkomol. We have 100% ownership of a hugely promising gas field. We are on the lookout for acquisitions.

How low can it go? No lower than the value of the Kerkomol oil reserves and the value of the gas field.

There is a good thread over at ADVFN which has Kerkomol proven reserves (ie. not including any 'potential' oil in there) valued at 36p per share. West Med gas contingent volume valued at minimum of 13p per share. Wed Med condendate valued at minimum 38p per share. West Med oil valued at minimum of 10p per share.

That's all based on the low end volumes specified in the D&M reports and conservative valuations on price per unit volume. It's all backed up with facts and figures on the thread.

Which adds up to a minimum asset value of 97p per share.

In addition, the chart is showing very strong buy signals.

Personally, I think it will test 1.00. If I can get more at 98p or 99p, fantastic.