Velocity Composites Share Discussion Threads

[dropside] 26/4/2014 10:43

Thanks to dat51or on Stockhouse for this one.

Sam Malin is a panel presenter at an international conference on Eastern Africa Oil, Gas/LNG & Energy, in the Intercontinental Hotel, Nairobi on Wednesday. Sam's topic concerns his east Kenyan portfolio. That is surely good news as if it was going down the pan he would be unlikely to be presenting.

[dreggspicker] 24/4/2014 18:56

and back down again..............

[dreggspicker] 17/4/2014 19:02

There has been a big turnaround today, up 88% as I write, early days, but perhaps the worm has turned, massive volume circa 8.5m shares traded, I have not bought any, I promised myself I would not buy anymore as things look so bleak....... There seams to be a chance we will get Rwanda back see the link;





Onwards and upwards!!

[dreggspicker] 11/4/2014 20:19

Well it just shows how wrong I was about the management - they seemed top-notch, but now with hindsight they look like they rest of 90% of the AIM type companies, all mouth and no trousers; Damn I am gutted, I could take drilling failures, but we have not even had the chance to drill one hole! As for farming-in who is going to do that when the licence is on tenterhooks at best....

I will never be investing in anywhere near east africa, come to that my share investing has taken such a knock I may kick it in the head for the foreseeable future.....

[dropside] 11/4/2014 19:06

£3.1m market cap. Even if they lose 3A and 3B licenses, the other licenses are worth more than that. Plus the old Tunisia agreement and Witkop.

Now looking well oversold, but they are not helping themselves with their Trappist monk communications. James Passin may own most of the company but surely he cares about the share price, it affects the value of his Firebird fund for one thing. A few pounds spent on an RNS, even if it does not say much, would bring us more up to date than keep re-reading Februarys news.

[napoleon111] 11/4/2014 16:06

another new low...

[vauch] 03/4/2014 08:10

now warrants are out the way this will find a leg.
What a pile of crud.

[dropside] 24/3/2014 21:41

A week on, more contradictory articles in the Kenyan press. We really need this resolving- and some clarity from the company to say what is going on, as far as they can.

[dropside] 14/3/2014 16:46

A bit of light at the end of the tunnel indeed dreggs. If we get the license extended then its party time, balloons, drinks, the lot!

[dreggspicker] 14/3/2014 14:03

WELL WELL WELL,,,,,,,,,

See this link, there might be a glimmer at the end of the tunnel.......



www.standardmedia.co.ke/?articleID=2000106821&story_title=canadian-company-could-get-more-time-to-prospect-for-oil

[dreggspicker] 26/2/2014 16:55

paddy boy? , I am waiting news of the Kenyan fiasco, Van could still pull a rabbit out of the hat, we have as shareholders had a rotten time.......

[paddy boy] 26/2/2014 13:17

Afternoon All,

Still got a small holding here from FLOR days. in terms of trading buy / sell what is the best route with the Canadian listing??

many thanks

Paddy

[dreggspicker] 22/2/2014 21:38

certainly a huge increase in trades yesterday, nearly 700k, and a upside in the lowly price, lets hope we get some news soon......

[dreggspicker] 07/2/2014 19:30

It is probably a rehash of the earlier RNS.....

[dreggspicker] 07/2/2014 19:14

This has just been posted on Stockhouse;

Many thanks to
PapaFritz

New article today looks bullish for VEL:

Canadian oil company in talks with Kenya on licence renewal NAIROBI (Xinhua) -- Canadian oil and gas company Vanoil has confirmed ongoing discussions with the Kenyan government on its license renewals in the East African nation. Vanoil said in a statement that it is negotiating to renew its interest in onshore Blocks 3A and 3B, originally acquired in October 2007 through the signing of a Production Sharing Contract (PSC) with the government. "These talks are now at a key stage and the company expects them to conclude imminently. At such time, Vanoil will provide an immediate information update to the market," it said in the statement. The blocks cover 24,912 km2 in Kenya's Anza Basin and are geologically analogous to the prolific Muglad and Melmut Basins of South Sudan and geographically in close proximity to the recent PaiPai discovery in Kenya, it said. The company anticipates the receipt of its 10 percent working interest in the highly prospective 5,110 km2 Block L9 alongside Dominion Petroleum Kenya Limited (a wholly owned subsidiary of Ophir Energy plc) and FAR Limited. "This block lies directly south of Block L8 which hosts the Mbawa gas discovery made in 2012," it said. Vanoil is an oil and gas company with a portfolio of assets in East Africa and in Seychelles, in the western Indian Ocean. Kenya has a huge mineral potential but its exploration efforts have only picked up in the last 5 years with the awarding of commercial licences in prospecting for oil, gold, coal, geothermal and rare earths. The East African nation has drilled over 30 dry wells in Isiolo, (northeastern Kenya) and Lamu (Southeast) and has lost a lot of money. While decades of oil exploration failed to yield results, in most cases, ending with nothing less than a bottle of crude oil, Kenyan officials say there were high hopes of Kenya striking commercial oil with the advent of new oil exploration technologies.

Read more at


We may get out of this hole...........

[dreggspicker] 04/2/2014 11:22

if you want the news, you need to click on Vanoil on your monitor then click on news, it will not come on the bb - don't ask me why - it just doesn't .....

or click on the link I put up in the header....

[dreggspicker] 03/2/2014 15:37

No RNS - yet - But I expect if Sam was due to see the government today or tomorrow then he would not want to say anything until they spoken to them....

[dreggspicker] 03/2/2014 08:45

I know Napoleon how you feel!!!!!