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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

and marked down 2.5p at opening so did not short

Crashing through its support of 19p.

More bad news...

Victoria Oil adrift on non-commercial well news - AFX


LONDON (Thomson Financial) - UK small caps were lower in early trade, taking their cue from the wider market, with Victoria Oil hard-hit by news that Well 66 is not capable of producing commercial volumes of oil.

The FTSE Small Cap index was 5.8 points down at 3,863.1 by 9.16 am, while the FTSE 100 was 27.4 off at 6,678.6.

Sellers were about in Victoria Oil & Gas, 4 pence adrift at 16, after the company warned that Well 66, located on the Kemerkol block in Kazakhstan, is not capable of producing commercial volumes of oil.

proactiveinvestors.com have commented

Click HERE

Victoria Oil & Gas sinks on dry well
Created: 30 October 2007 Written by: Alastair Ford
Shares in Victoria Oil & Gas have hit an all-time low of 15p after the Kazakh-focussed company announced that a recently-drilled well on the Kemerkol property had failed to deliver oil in economic quantities. Victoria has now put its entire drill programme on hold as it seeks to re-evaluate existing data.



This review will not be completed until the first quarter of next year, so there will effectively be a pause in exploration newsflow from Kemerkol. The good news is that production has picked up; the two producing wells at Kemerkol are now yielding about 300 barrels a day, and there is potential to \'significantly increase\' this by raising the pumping rate.

That\'s important, because Victoria certainly needs to increase revenue. Exploration at its potentially large West Medvezhye project has also run into difficulties, and the group has to pay interest on some 11.5m worth of convertible loan stock. The interest rate on that debt went up in April, to 6.25 per cent.

The bonds come up for conversion or redemption in 2009. With the shares at such lowly levels, conversion is unlikely, so the company will almost certainly have to refinance them. It had around $6m, or 3m, in cash at its last results.


--------------------------------------------------------------------------------

IC VIEW:
HighEnoughIt\'s unfortunate that, with oil prices at record levels, Victoria Oil & Gas is having such trouble proving up reserves. Given the slow operational progress and the uncomfortable finances, high enough

OILBARREL 1/11/2007

Victoria Oil & Gas Struggles With Kemerkol Exploration Wells But Can Reported Increased Production From The Kazakhstan Project...

It has been a difficult year for AIM-quoted Victoria Oil & Gas and this week its shares took another tumble, slipping 2.75 pence on Tuesday to close at 17.25 pence. This is well down on the 81.5 pence a share of a year ago and a mere fraction of its highs back in early 2006 when the share price was trading above 250 pence.

Troubles have mounted because of cash shortfalls and poor drilling results on its projects in Russia and Kazakhstan. A new management team was brought in at the start of this year and new CEO Tony Porter said the focus for 2007 would be the Kemerkol oilfield development in Kazakhstan, which offered the best route to early production and near-term cash generation.

Kemerkol, which lies in the Atyrau Oblast, came onstream in March 2006 and the company hoped to ramp up production to 1,800 bpd by the end of that year. But cash constraints meant the company struggled to rework and rehabilitate the field and production has since limped along at around 50 bpd. When Porter came onboard earlier this year, the company said it would drill six new wells over 2007 to deliver short-term production of 500 bpd. This target was far short of previous production goals but had the merit of being realistic and, the company hoped, achievable.

It has been a rough ride, however, and with five of the six wells drilled production is still languishing short of 500 bpd. Things started promisingly when, back in May, the first of the six new wells, Well 73, exceeded expectations, flowing some 450 barrels of oil per day. But then things took a sour turn, with the first well in the previously untested eastern section of the block, Well 62, proving sub-commercial. In August Well 72, drilled to a total depth of 1,279 metres to further appraise the aerial extent of the producing reservoir in the western section of the block, was also found to be sub-commercial while the following month saw Well 70, in the southern portion of block, yield only water. Now it seems the fifth well in the programme, Well 66, also in the eastern section, is a duster.

The company has now decided to delay the final well in the drilling programme until it has re-evaluated the seismic data. It hopes to better understand the trap and seal mechanisms in the field, especially the sealing capacity of the faults. This appears to indicate that the company is sitting on a more geologically complex and compartmentalized project than first thought, which has implications for prospective resource volumes and the ability to economically extract those volumes. This data review, which could see some previously identified prospects being shelved, is expected to be completed in the first quarter of 2008.

Porter put a brave face on the news from Well 66, which was targeting a different play concept from previous wells on the block. We have found oil in all the wells we have drilled, which shows that the source rock for hydrocarbon generation is present throughout the field, he said. The challenge now is to concentrate further evaluations on trap and seal. The licence block covers a large area of 65 square kilometres and still has significant potential for future discoveries.

The good news this week is that production from Well 20 has doubled to 50 barrels of oil per day and the combined output from Wells 20 and 73 is running at 300 bpd. The company believes this rate can be increased significantly by increasing the speed and capacity of the pumping equipment and water shut-off operations.

While Kemerkol has been the focus of activity this year, the company is still sitting on a potential company-maker of a project in Russia. The West Medvezhye gas and condensate project is a 1,224 sq km licence area in Western Siberia and home to 26 identified prospects. Independent reserves auditors DeGolyer & MacNaughton give the project an estimated prospective resource volume of 1.1 billion barrels of oil equivalent.

However, the first exploration well on the block, Well 103 in the central part of the block, is something of an enigma as lost completion fluids impeded a flow test. Testing operations got underway in January, when the well initially flowed 350 bpd of light oil. But the company had to recover residual completion fluids from the wellbore some 20 cubic metres of which remains downhole and pressure readings indicate the reservoir is significantly over-pressured. To displace the remaining completion fluids, the company plans to circulate condensate into the wellbore in order to establish regular flow and help calculate the recoverable reserve volumes for the structure around Well 103. Beleaguered investors will be hoping for some much-needed good news.

http://www.oilbarrel.com/news/article.html?body=1&key=oilbarrel_en:1193905239&feed=oilbarrel_en

I'm quite astonished there are still people expecting this to return anywhere at all soon.

take a look at NPE.. I bought in a couple of weeks ago..could do well! (imho, dyor etc.)

take a look at NPE.. I bought in a couple of weeks ago..could do well! (imho, dyor etc.)

Final results out.

Up 25% today, on Well 103 news leak, must be good.

double post in haste

Victoria is hoping to issue an update on well 103 at west medvezhye before the end of the year, but they are waiting on a communication from the ministry of natural resources. Presumably this commuinication is approval of the data and calculations of recoverable resources.

Really like the look of that news, for a bombed out stock like Vog to get
big support at quite a premium to the current price.

I know from memory what this stock is capable when sentiment is good
so i'm more than happy to pay 12.25p for stock.

I bought at 26p years ago and sold above 150p.

Dilution indeed but does not stop the price from rising when support comes in.

LONDON (Thomson Financial) - "Victoria Oil & Gas PLC said it has agreed to raise about 20 mln stg through an equity placing of shares and issue of convertible loan notes.

The company has also agreed terms for the repayment and conversion of its outstanding 18.75 mln stg secured convertible bonds in the company due 2009.

The proceeds of the placing and the notes will be used to finance the company's current working capital requirement, its on-going development operations at its West Medvezhye gas and gas condensate exploration project in Russia and the Kemerkol oil field in Kazakhstan and partly to redeem part of the existing bonds."

Also think of how many big hitters have been shorting Vog, with a new investor
happy to pay 15p and the small punter buying there could be a real squeeze
here, just like the old days in Vog.

Looks like the squeeze is on shorters beware!

12p offer to 17.5p bid in a few days is a miracle in these markets !

Praise the lord for giving me a much needed winner :-))

iterim results out on fri 28th

janet the results were issued a few weeks ago,it is the agm on the 28th