Victoria Oil & Gas Share Discussion Threads

[tli8jaguar] 21/3/2017 19:29

You are dead right fatnacker.

[fatnacker] 21/3/2017 19:24

It won't happen Tom, which board in their right mind would have anything to do with a firm of asset strippers?

[tom111] 21/3/2017 19:22

hope we don't get involved in any merger CROWN hold the baby now let them get on with it

[highasakite] 21/3/2017 19:12

180p ?

you filthy ramper.

LOL

[fatnacker] 21/3/2017 19:04

if the first well comes in you might be right high, if they both come in expect 180p

[fatnacker] 21/3/2017 19:02

no ones going to merge with blvn while crown are involved, it would be corporate suicide.

[highasakite] 21/3/2017 18:59

This is gonna blow anytime soon.

Anything below 120p is a gift.

[tli8jaguar] 21/3/2017 18:57

BLVN RNS



Merger with VOG?

[fatnacker] 21/3/2017 18:51

pennant pattern is 4 weeks old now, if its going to break out ideally it should be this week, might see 110p if it does.

[highasakite] 21/3/2017 18:37

7% is incorrect. Go do your maths again son.

Foo has done extremely well at VOG. We are miles ahead of other Cameroon operators who were all supposed to be great competitors to VOG in Cameroon.

Foo should be knighted and I am not joking either.

[fatnacker] 21/3/2017 18:07

CHL do not receive 7%

[broncowarrior] 21/3/2017 16:31

Solid as a rock this at the moment. V low volatility which is good.

[larry laffer] 21/3/2017 16:09

I use the same tipster as Temmujin and he told me that tomorrow will be another day and it will have a date of 22nd. Get in quick you heard it here first.

[clunes100] 21/3/2017 16:03

It is about time we had some news on the drilling, it must be a month since the quarterly update and a lot longer since an RNS relating to purely the drilling.

[bullinachinashop3] 21/3/2017 15:42

saying what!

[temmujin] 21/3/2017 15:38

just been tipped off RNS tomoro..added!

[fatnacker] 21/3/2017 11:42

Second time it's looked like breaking out of the formation.

[deanroberthunt] 21/3/2017 11:26

I feel a disturbance in the force, and it doesn't involve Tem or Leprechauns

[deanroberthunt] 21/3/2017 09:14

2 AIM stocks that could make you rich

Investing on AIM is a tricky business. The market, which is billed as the world’s largest growth company market, has gained a reputation for company frauds and poor returns during the past two decades. As a result, many investors are happy to completely avoid any company listed there.

However, there are some AIM businesses that look to have the hallmarks of potential successes. Two of these are BowLeven (LSE: BLVN) and Victoria Oil & Gas (LSE: VOG), which have both been working hard to unlock value for shareholders over the past five years.

Victoria in particular has really impressed. Year-to-date shares in the company are up 95% thanks to better than expected production and sales figures. And today the company announced that in order to further its growth, a subsidiary of the group has taken an 80% stake in Bowleven’s Bomono production sharing contract (PSC), with BowLeven keeping the remainder and continuing as operator.

Under the terms of the deal, gas from the field will be sold to Victoria minus a tolling fee for use of the pipeline. As well as the production, Victoria will also complete $6m of work required to connect Bomono to the local Cameroon gas network. BowLeven may have to step in to pick up part of the tab for this investment if Victoria’s sales of the gas do not cover initial capital investment costs. In exchange for the agreement Victoria is paying BowLeven £100,000 in shares plus a 3.5% royalty on gas sales capped at $20m.

An attractive deal

In several ways, this deal seems to benefit Victoria more than Bowleven, as while the company has been able to monetise its asset, the ultimate payoff depends on how successful Victoria’s management is at creating value for investors. What’s more, BowLeven could find itself on the hook for extra capital spending if Victoria’s pipeline connection comes in over budget.

It seems the market has taken this view as well. As shares in Victoria have jumped by nearly 15% off the back of today’s news, shares in BowLeven have slumped by more than 5%.

Still, over the past two months, shares in the company have risen by nearly 40% thanks to the presence of an activist investor, which has taken aim at BowLeven’s management and is looking for changes. Specifically, the activist wants two seats on the board. As shares in BowLeven are up by 52% over the past 12 months, it looks as if the market is wholly behind the activist’s intentions to awake BowLeven’s management from its slumber.

With around $100m of cash on the balance sheet, as well as value tied up in two large oil assets against a market cap of £103m, BowLeven’s upside could be significant if the activist succeeds in unlocking value.

Growing rapidly

Meanwhile, Victoria is quickly becoming one of London’s most attractive growth stocks thanks to the size of the potential market available to the company within Africa. Victoria has already proven that the company has what it takes to build gas distribution and production business. Sales hit a record in January and the deal with BowLeven should only accelerate growth.

Overall, these two companies look have all the hallmarks of successful AIM businesses.

[deanroberthunt] 21/3/2017 07:48

ok...laters

[temmujin] 21/3/2017 07:47

think i'll switch to solo oil and gas... 10 bagger soon

[deanroberthunt] 21/3/2017 07:37

tell ya what though, this flag is almost zu ende......

[deanroberthunt] 21/3/2017 07:28

and no RNS