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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

Cynic, are you and I the only VOG shareholders who haven't mortgaged their house or handed over their daughters to a Ukrainian pimping racket in order to pay for this stock?

my daughter would, i am certain make an EXCELLENT price ..... what a good idea!

cynic post 158. I have had a good think about the situation and have decided now not to by any more shares in this company. I am going to keep the shares I hold. They are now all paid for. I do not now have the pressure of selling them and buying them back on t10 deals. The costs involved the the share buybacks were very expensive, taking into account the spread difference between selling them and buying them straight back. Then there is the .5 percent stamp duty and the dealing costs. Over the 2and a half months that this went on for the shares were constantly dropping all the time. I know I have remortgaged the house to pay the credit off, and now all I can hope for is that they go back up. I wiil now get myself into the situation again. I have a lot of shares in other companies as well, but vog by far have been my worst investment, I have made so far. I am going to keep all my company shares for now and hope most of them are going to recover in the future. I do not thing i am on my own in this situation. I know a lot of people will never tell anyone that this situation has happened to them. Anyway cynic thanks for your advice and I am now praying.

Cynic I made a mistate on my last message I pu I will now get myself into the situation again, what I meant to say was that I will never get myself in the same situation again.

all you goo holders on here seen the update i like it not much reaction though?.

Lizard, you remind me what happened with the production test that VOG ran recently and I'll tell you why there's not been much reaction to the news of a forthcoming prod test at GOO.

true. but positive all the same. if we write off all companies in the sector then the mkt is buggered as well as reserves. someones going to get it right!.

Agreed, but with the mood the market is in at the moment it's results that are going to move the SP, not possibilities.

Cynic. I'm surprised at you buying back into VOG. Think you need to re-read page 14 of Mr Shipman's book. No disrespect, as I've done it in the past too, but having been burned many years ago, it's a lessson I certainly agree with Shipman on.

Strawbs.

cynic when you have read mr. shipmans book page 14, let me know what strawbs means. not looking any better today.

Sorry. He basically says not to add to losing positions (or follow a falling price), because although you may get lucky on odd occassions (and get the rally you're looking for), the chances are you won't and you could see further falls. Basically, stay clear until a new trend develops. I only mention the book as Cynic recommended it to me (and I would agree it's worth reading). The book being "The Next Big Invesment Boom" by Mark Shipman.

Strawbs

I should also mention the book is aimed towards commodity investing rather than equities, but some of the general "common sense" type rules he outlines are worth knowing and where possible sticking to.

Strawbs

Have been watching VOG for a while, with the intention of a possible investment. However, from a TA perspective I think the SP still has further to fall. Looks like good solid support at 50p, the downtrend is slowing and there is negative divergence on the MACD histogram. Only thing that will stop 50p is positive news and I for one will wait for that level and confirmation of a change of trend. If I miss the bottom, so be it.

pth

Very sensible, PTH - I think that's the surest approach under current circumstances.

Strawbs and others ...... Mark Shipman's book is very good indeed, though he only deals in commodities of all types ...... I only got back inmto VOG vetry modestly on the basis that if it goes to ZERO I have not lost my shirt, and oif good news comes through in the meantime, i have a good though modest base to work from.

How much cash have they left? They raised £13m in December before expenses, so it will be less than that for the net figure. They spent approx £10m in the previous 6 months (cash burn rate of £1.6m per month). It has been nearly 7 1/2 months since then. That would be about £12.45m spent since the fund raising it they have the same cash burn rate as the previous 6 months. They had £3m cash at end Nov 2005 a month before the share placing. If they are burning cash at the same rate as last year then they should have about a month's cash left now.

The RNS last Friday was interesting in that regard.

4 August 2006

Victoria Oil & Gas Plc ('Victoria' or 'the Company'), the oil and gas developer focused in the Former Soviet Union announces today that it has allotted conditional on admission 215,000 Ordinary Shares of 0.5 pence each in lieu of cash payment to advisers.

i read the RNS that way too ..... good way of preserving cash

Haystack, you're right that more fundraising may be in the offing, although I'd consider that to be par for the course and it wouldn't put me off accumulating more shares.

The fact that they have allotted stock in lieu of a cash payment does not make me think that VOG is facing a crisis with its bankers, more that they have found an acceptable way of paying the bills, and that's fine by me.

just reminded myself (and perhaps others her) to look again at Petrofac, service provider to the oil industry.

Good day for VOG, big buyer in the back ground, good time to get back in