Velocity Composites Share Discussion Threads

[dropside] 29/7/2013 20:01

Grief, someone has bought 500,000 shares, thats nearly £150,000 worth..

hxxp://www.investorpoint.com/stock/VEL%3ACA-Vanoil+Energy+Ltd%2E/market-makers-level2/

There's confidence for you.

[dreggspicker] 29/7/2013 19:10

p4, with a good strike and not toooooo much dilution, I am expecting a 5-10 times the current price....... IF WE hit oil........ off camping to Northumbria, I hope you are all talking about news by the time I get back..........

[pisces4] 29/7/2013 17:55

cheers dreggs your a star,all a bit confusing but at least they are moving in right direction!

[dreggspicker] 27/7/2013 20:17

13000 x 0.806 = 10478 Vanoil shares + the right to buy 1508 @ 75cts b4 next march + the right to buy 7436 in the following march........

So at the mo, 42cts x 10478 = $4400

[pisces4] 27/7/2013 19:54

hi dreggs, carried 13000 old fluromin shares could you tell me what they are worth under the new company or how to calculate, know its not much but would still like to have an idea, thanks.

[dreggspicker] 26/7/2013 22:07

bid 42 offer 46 at the close; Getting there...........

[dreggspicker] 25/7/2013 19:39

Now up 25%!!!!!!!!!

[dreggspicker] 25/7/2013 11:35

N111, the advertised spread is soooooooo maaaaaaad, the 15% drop is meaningless, could be up 25% at the end of play today, should be spudding anytime soon, but I think it will creep into august, hopefully we will get news of finance or farm-ins when that drill bit starts to turn.......

dreggs

[napoleon111] 25/7/2013 09:06

down 15% ??

[dreggspicker] 15/7/2013 22:01

well, here's another;

[dropside] 15/7/2013 21:54

I don't believe it, though it got my hopes up! Hope we get clarifying news from Vanoil soon.

[dreggspicker] 15/7/2013 19:31

Have we all had a look at the vid? Does anyone think our Francis looks like he has a gun pointing at his head? Has to say this stuff for political reasons, or is it just my 11yr old daughter that has a over active mind!!!!!!!

dreggs

[eddie catflap] 15/7/2013 17:15

Certainly not looking like it's true. It is all a bit odd.

Knowing so little about the company, I checked that the guy in the video (Francis Karanja Exploration Geologist, Director) was indeed part of the company. Certainly looks like him.

As Toyah said "it's a mystery.."

GLA

[dreggspicker] 15/7/2013 14:39

can't be real, I am afraid, spread is now 32-37............

[dreggspicker] 15/7/2013 14:10

We should know if there is anything in this at around 2.30pm today......

no rns news yet...............

[dreggspicker] 15/7/2013 14:06

not open in Canada just yet, but the bid & offer are now the same, at 36.5 cts

I owe you a few pints catflap, ( my own brew of course )

[dreggspicker] 15/7/2013 14:04

It looks like Francies Karanja our head Kenyan geologist in the video........

weird................

[eddie catflap] 15/7/2013 10:17

Peeps, only have a few from Flourmin takeover so not following news flow at all.

However, this was posted on IV courtesy of Captaincam. News video claiming oil find but plenty are sceptical. (Too early?)(Or is it old news?)

I don't have an account that allows me to buy TSX quotes so I'm not acting on it.

GLA

hxxp://www.hiiraan.com/news4/2013/July/30304/video_garissa_gold_as_oil_is_discovered_in_mogadashe.aspx

[dreggspicker] 04/7/2013 08:58

Seems to me oil is everywhere in the whole region, but smallish flows, no massive flows 25k> like in Kurdistan, but there have been a hell of alot of dusters in kurdi as well, so for us I think smallish flows but alot of them is better.....................

[dreggspicker] 04/7/2013 08:50

Lets get a hot link for that drops;



all looks good...............



" VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 3, 2013) - Africa Oil Corp. (TSX VENTURE:AOI)(OMX:AOI) ("Africa Oil" or the "Company") is pleased to announce excellent results from its recent drilling operations in Kenya and Ethiopia.

The testing program at the Ngamia-1 oil discovery on Block 10BB in Kenya has now been successfully completed. The cumulative flow rate from six Drill Stem Tests ("DST's") was over 3200 barrels of oil per day ("BOPD") constrained by completion techniques and surface equipment. With optimized completion techniques and surface equipment it is estimated that these combined flow rates would increase to a rate of 5400 BOPD. Five of the DSTs were completed over the Auwerwer sandstones to verify reservoir quality and fluid content which appear to be of similar quality to those tested at the Twiga South-1 well in the same basin. High quality waxy sweet crude (25-35 degrees API) was flowed from all five zones in the Auwerwer formation with good quality reservoir sands encountered. All zones produced dry oil with no water produced and no pressure depletion. One DST was completed on the Lower Lokhone with successful results as previously announced on April 15, 2013.

In addition to proving the good quality reservoir, as a result of testing several previously indeterminate zones in the well, the joint venture has been able to double the firm net oil pay estimate in the Ngamia well to over 200 meters over a gross oil column of over 1,100 meters and has increased the net pay at Twiga to over 75 meters. The Operator, Tullow Oil, has reported that they believe the Ngamia and Twiga fields contain over 250 million barrels of recoverable oil. Appraisal work, including the acquisition of 3D seismic and the drilling of appraisal wells on both discoveries, will be undertaken over the next year to confirm these estimates. A mid-year revision to the Company's third party resource report is ongoing and is expected to be issued in the third quarter and will take into account these improved reservoir thickness and quality parameters.

The Weatherford 804 rig used to test this well is currently being mobilized 13 kilometers north to the Ekales location, a prospect similar to and located between the Twiga and Ngamia discoveries, which is expected to spud in late July.

The Company is also pleased to announce that oil has been discovered in the Etuko prospect in the Lokichar Basin in Block 10BB in Kenya. This well was located on a tilted fault block target on the Basin Flank Play on eastern side of the basin. Based on logs and oil recovered by MDT sampling, net pay of 40 meters has been confirmed in the Auwerwer and Upper Lokhone targets which demonstrate good reservoir properties and oil quality. Within the Upper Lokhone sequence the well encountered a thick section of lacustrine source rocks with interbedded oil-bearing sandstones. The well is currently drilling in the Lower Lokhone sands and results from this lower section are expected by the end of July."

[dropside] 03/7/2013 22:48

More good news coming out of Kenya today..

hxxp://africaoilcorp.mwnewsroom.com/press-releases/ngamia-well-flows-at-over-3200-bopd-and-doubles-ne-tsx-venture-aoi-201307030884449001

Agree dreggs, Vanoil are not as PI friendly as Fluormin unfortunately.

[dreggspicker] 01/7/2013 16:11

I have asked when will we spud proper, but I am afraid I have not had a reply, shame, they do not seem to be pi friendly as Fluormin.......

[dropside] 01/7/2013 12:27

Hi N111, Would they oblige? Yes. Would they think you were mad? Yes!
They would also have to issue an RNS as more shares would be issued.

Well its now July so drilling this month :-)

Won't get an RNS today though as it is Canada Day and markets are closed.

[napoleon111] 01/7/2013 12:09

I was reading the warrants certificate last night out of curiosity, never really bothered reading them before (as never got a chance to exercise in the money!). A thought though, and its only a small amount so not an issue. But the warrants given to Avana shareholders were exercisable at 1 dollar per share, close on 300% from now. But if i was to write to the company and ask them to exercise them, and send them the funds for this, I wonder would they think I am mad exercisnig them so far out of the money, or would they oblige? and would this as a transaction show on the market? or would it remain unbeknownst that someone paid a dollar a share for vel??