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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

Don't want to hijack your thread but holders/watchers of VOG (market cap over 100 million) might want to compare with this announcement on Friday from a company with a market cap UNDER HALF A MILLION, but because it is ofex listed (Ofex:HEP) no-one seems to have noticed - yet!

The stock is Heritage Petroleum on Ofex. (Ofex:HEP).

Ofex listed it may be, with a market cap that is miniscule under half a million, with a horrid spread, and cash strapped, so i guess the catch could be any of these; or the fact the gas is methane............... but it has a 25% stake in a project that has just announced a bigger gas strike than that by VOG. And the shares have not moved, still at an all time low. Admittedly VOG should be in production a bit quicker. But HEP also has the advantage of being in France, without harsh winters and with easy access.

The risks i have already referred to mean it is for brave players only prepared to risk the lot in return for a conceivably absolutely massive multi-bag.

The excitement surrounds the Lorraine basin in France.

An estimate of 991 billion cubic feet at the two sites.

To compare with VOG for a moment (market cap over 100 million on today's rise, HEP's less than 0.5 million) The FT is saying of the VOG find: 'Independent consultants DeGoyler & MacNaughton confirmed that Victoria had discovered 500bn cubic feet of recoverable gas, up from the previous estimate of 16bn cubic feet, at its West Medvezhye gas and condensate project in the Yamal Nenetsk region of Russia..........The discovery is believed to be the largest discovery of natural gas by an Aim-listed company. One analyst said: "It's certainly the biggest in many years. It's huge..............'

This appears to be BIGGER.

Here's the news:

'HIGHLIGHTS
INITIAL GAS IN PLACE (GIP) ESTIMATE OF 991.2 BCF (979.4 PJ) FOR LORRAINE
PERMIT, FRANCE.
INCLUDING;
* 414.9 BCF (410.0 PJ) AT SAINT AVOLD; AND
* 576.3 BCF (569.4 PJ) AT ALSTING.
PREPARATIONS BEING FINALISED FOR FURTHER CORE DRILLING IN EARLY 2006 PRIOR TO A
PILOT PRODUCTION PROGRAM.

LORRAINE, EASTERN FRANCE
Heritage Petroleum Plc and Kimberley Oil NL (`Kimberley') are pleased to
announce the completion of a Coal Bed Methane (`CBM') inventory assessment for
two major areas within their Lorraine Permit in eastern France.
The results of the assessment are;

LORRAINE PERMIT GAS IN PLACE (GIP)
Billions of Billions of Petajoules Category
cubic metres feet
(Bm3) (Bcf) (PJ)
Saint Avold 11.8 414.9 410.0 GIP
Alsting 16.3 576.3 569.4 GIP
TOTAL 28.1 991.2 979.4

1 Petajoule = 1,000,000,000,000,000 joules or 30 million Kilowatt hours

The GIP calculations are based on definitive polygonal resource estimation
techniques over the extensive drill core and petrophysical database. Due to the
high level of reliability of the GIP calculations, it is expected that over 50%
of the resource will be able to be categorised at higher levels of confidence
according to the Petroleum Reserves Definitions of the Society of Petroleum
Engineers.

The two areas comprise 68 Sq km in total or approximately 15% of the entire
Lorraine Permit of 460 Sq km. In addition, a further 528 Sq km adjoining the
Lorraine Permit and covering the southern extensions of the Lorraine Basin are
under application by Heritage and Kimberley.

INTRODUCTION
Heritage which was granted the Lorraine Permit in November 2004 and Kimberley
is earning a 75% interest by producing a reservoir report. The permit
encompasses a significant part of the Lorraine Basin and has historical coal
production in excess of 850 million tonnes. The coal seams within the permit
area are of Carboniferous age and are characterised as black, gassy, high
ranking coals.

Gas in Place estimates have been calculated over coals shallower than 1500
metres and are based on the extensive data base of Charbonnages de France
(CdF), the French state owned coal mining company. The CdF data is detailed and
has enabled Kimberley to identify areas which have a high CBM content per unit
area. In the greater Lorraine Basin, CdF have drilled in excess of 600 fully
cored holes to support their coal mining activities. For over 30% of these
holes detailed gas content measurements have been made. Evaluation of the data
base covering additional potential resource areas is continuing.

SAINT AVOLD
Gas in Place volume for the Saint Avold block has been calculated using
polygonal resource estimation techniques over an area of 32Sq km and is
principally based on core drilling and gas content data. Average gas content
used in calculations for the north section of the block was 355 standard cubic
feet per tonne (Scft) reducing to an average of 284 Scft towards the south of
the block. The coals in the Saint Avold area occur as three packets of seams
over a gross vertical interval in the range 220 to 240 metres and net coal is
in the range 8 metres to 75 metres (average 34.7 metres). Generally the coal
measures have younger cover of 500 to 800 metres thickening to the south.

ALSTING
Gas in Place volume for the Alsting block has been calculated over an area of
36 Sq km and is based on core drilling and seismic data. Average gas content
used in calculations is 353 Scft. Gas contents of over 750 Scft have been
recorded. The axis of the Alsting Anticline marks a zone of coal thickening and
enhanced permeability. The coals in this area occur as six packets, four
packets with good CBM potential from depths between 880 metres to 1,250 metres.
Net coals range up to 32.8 metres from a depth of 876 metres as measured in the
Johansviller well drilled near the crest of the anticline.

PREVIOUS ESTIMATES
The previous licence holder Enron Exploration France (Enron) calculated that
the coals in the Lorraine Basin contained a CBM Gas in Place resource of 6.9
trillion cubic feet (Tcf) of methane within an area of 680 Sq km and to a
maximum depth of 1,500 metres. For the Saint Avold area covering 416 Sq km,
Enron estimated 4.5 Tcf within the Westphalian `D' seam with an average net
coal thickness of 30 metres and an average gas content of 318 Scft.

RESOURCE EXPANSION
The GIP resource is based on an area comprising 68 Sq. km in total or
approximately 15% of the entire Lorraine Permit of 460 Sq km. In addition,
Heritage and Kimberley have a further 528 sq km under application adjoining the
Lorraine Permit and covering the southern extensions of the Lorraine Basin. The
Kimberley resource area forms a part of the area used in the Enron resource
calculations. Based on this and the initial analysis of areas outside of Saint
Avold and Alsting, it is expected that significant increases to Kimberley's GIP
calculations are likely.

In addition, significant quantities of methane within sediments and adjacent to
the coal seams has been identified. The presence of methane in associated
sediments is shown by CdF's analysis to be ubiquitous. Initial computations
from one area in the Saint Avold block shows that the amount of methane in the
sediments is at least 50% of that held within the coals.

PROGRAMS
As a first step towards development of these methane deposits Kimberley will
commence additional core drilling in early 2006 to provide further
petrophysical parameters prior to pilot production. Pilot production should
commence in the second half of 2006.

Heritage regards the commercial development of this major resource as one of
its principal objectives. There is a ready market for the gas which can be sold
into the inter city gas grid. Gas prices are robust in western Europe. The
current border price for natural gas is in the range of *6 to *8 per gigajoule
(1,000,000,000 joules) ( which equates to *4.00 to *5.30 per thousand cubic
feet (mcf)).

Let me know all the catches, i appear to have missed them!

got my float price totaly wrong 35p but it did get to high 60s sold my dgo to get back into these hope to get back in dgo before there next rise. hawick tryed to put hep code on watch list nothing came up.

Cellby, Ofex:HEP not a main market stock that's why not yet spotted!
Good luck woth VOG.

hawick, I had a quick look, the news hasn't really impacted on kimberley's price either

Any prediction for tomorrows opening,any facts any guesses,i think it will open higher,and finish the dayat about 148p-165p,just my analysis.

Hawick,

There's a big difference between Gas in Place and Recoverable Gas.

Two articles at FT.COM for reading, I am not a subscriber so cannot post/read the full articles;

http://news.ft.com/cms/s/89003dc8-58a0-11da-90dd-0000779e2340.html

Victoria still rising on Siberia claim
By James Boxell
Published: November 19 2005 02:00 | Last updated: November 19 2005 02:00

Shares in Victoria Oil & Gas continued their relentless upward march yesterday in the wake of the Aim-listed exploration company's claim that it had made a large potential gas discovery in western Siberia.

Victoria's market value has trebled to almost 100m in the past week, despite the fact that there is no guarantee that the well will provide commercial quantities of gas. Victoria paid just $11m (6.4m) last year for its three-quarter share in the Russian field, which is adjacent to other large gas-producing regions............
The rest of this article is for FT.com subscribers only

___________________________________________________________

http://news.ft.com/cms/s/7cfc92b0-58a0-11da-90dd-0000779e2340.html

When Gazprom is Mr Foo's only potential buyer
By James Boxell
Published: November 19 2005 02:00 | Last updated: November 19 2005 02:00

This week's mad rush to buy Victoria Oil & Gas shares will evoke painful recent memories for many British investors.

Earlier this year, First Calgary, another Aim-listed company with a large gas discovery, put itself up for sale and sparked a boom for oil and gas stocks that left shareholders nursing a heavy hangover.............................
The rest of this article is for FT.com subscribers only

Thanks Chienti, amazing, where are they quoted?

Kiwi there's an even bigger difference between a 0.5 million market cap and 110 million.

Heritage gotta be worth a punt imho.

No I thought that but the statement is for gas in place not recoverable, a similar example I found recoverable was only a 30th of gas in place. The australian company which has right to 3/4 barely moved, I would suggest it wont be the miracle we where hoping for

perhaps this will help no miracle required with heritage, jimbobb though I note the tone of your post, so perhaps you hold VOG and you are worried people might sell and switch.... -;) Understandable! Or maybe you don't trade Ofex - yet:
' Evaluation of the data
base covering additional potential resource areas is continuing.'
And perhaps even more significantly:
'Based on this and the initial analysis of areas outside of Saint
Avold and Alsting, it is expected that significant increases to Kimberley's GIP
calculations are likely.'
Given that production is expected to start next year, clearly the company is very confident of its recoverability. A great opportunity you can still get in on. -:)

no, if I thought HEP was going to soar then I would be in I was planning on getting on but check the partner kimberley oil KBO on the australian stock exchange ASX, barely moved today.

hawick: HEP sounds to me like a methane drainage operation, a lot less productive and profitable. Lots of small companies are at it, REH for example.

sorry

WHICH STOCK ARE WE TALKING HERE.

Sorry posted on the wrong board thats Empyrean Energy

SOME NORMALITY RETURNING,LETS HOPE.

There are similarities between VOG and Aminex.
There is huge upside potential in the SP of both companies but the risk of being shafted by :
Gazprom or the Russian Govt (in the case of VOG)
North Korea govt or oil major (in the case of AEX)

If you think that VOG may just be able to negotiate a fair deal with Putin, Gazprom and co then the shares are a steal. If not then avoid.

IMO the current SP is worth the risk so I'm in at 96p (Thursday) and 132p (Friday).
Never a dull moment with VOG !!!

Mono

i had the same thought after haVing the russian seeto oVer sbe but thought could get some more running out of this .

oh dear we seem to like this for around a 1 pound today the buy to sell looks about the same lot of profit taking would buy at this price got to sell something to rase cash .

Can't help thinking this is a majr tree shake, the facts are very solid and this will be 200p by end of week imo.