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VOG Victoria Oil & Gas Plc

3.85
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Victoria Oil & Gas Plc LSE:VOG London Ordinary Share GB00BRWR3752 ORD 0.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 3.85 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Victoria Oil & Gas Share Discussion Threads

Showing 40501 to 40522 of 60425 messages
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DateSubjectAuthorDiscuss
08/5/2017
08:58
If the announcements are as late a July, at least we'll get some sort of update at the AGM.
clunes100
08/5/2017
08:19
maybe, I'd rather not have high expectations and be disappointed.....
deanroberthunt
08/5/2017
07:54
so what about 108? assuming no further issues the sidetrack will be near enough done, would that not be substantial? especially when they've already confirmed 125 mtr of pay, what about news on the Bomono farm in? thats due anytime, there's plenty in the pipeline and it won't all drop in July, yes both wells complete in 3rd qtr but they will report discoveries sooner than that.
fatnacker
08/5/2017
07:45
I would suggest mid July is the earliest they will complete.....maybe end July into early August is more probable.
deanroberthunt
08/5/2017
07:44
hence the wide margin of scope for traders to leave and come back...
deanroberthunt
08/5/2017
07:41
plus RNS dated 13/04 from the horses mouth says wells to complete in 3rd qtr, which starts in July.....so could be later ?
deanroberthunt
08/5/2017
07:38
plus, without the delays we would have expected something end April, into May.....add on 7-8 weeks delay in total....that makes July ish.....
deanroberthunt
08/5/2017
07:20
where do you get mid July from drh?
fatnacker
08/5/2017
06:51
might retest 60p, where I'll be adding with some hefty profits from SULA
deanroberthunt
08/5/2017
06:50
Clunes

we're going to get nothing substantial until mid July imvho.....
hence why the bored are leaving the ship as they're confident they have a 2 month window to get back in....

deanroberthunt
07/5/2017
19:21
Doh! March April
fatnacker
07/5/2017
19:03
"108 sidetrack started at the end of may beginning April that's roughly 5 weeks ago"



???????

you been on the sauce fatty ?

highasakite
07/5/2017
18:05
108 sidetrack started at the end of may beginning April that's roughly 5 weeks ago, in the same update they said both wells would be tested by late Q2 so with roughly 7 weeks left of the quarter 108 should be at td in the next seven days, I base that on it taking 6 weeks to drill the gbz, assuming there's no further issues of course, eneo contract renewal date is anyone's guess, probably after, as drh says, they confirm more gas.
fatnacker
07/5/2017
17:49
Thanks - but I was hoping for something a little more illuminating that my own forecast of "very soon".

But you make a good point, the annual results are due soon and the last AGM was on the 29th June, so not long before we can quiz the BOD.

They promised to do something about Foo's royalties/conflict of interest at the last AGM, so it should be a good AGM only soured if the sub-committee on Foo has failed to come up with a sensible idea and plan. Having said that I am more interested in the figures and announcement of contracts.

clunes100
07/5/2017
17:45
ENEO news very soon

Annual results very soon

Drill results very soon

highasakite
07/5/2017
17:41
Can anyone put together a guestimate time line to some expected events for VOG?
clunes100
07/5/2017
11:46
Gaz du Cameroun (GDC) have their own website now:
highasakite
05/5/2017
16:53
yep all you do is huff and puff Sleveen and you are not even a VOG shareholder.

LOL

highasakite
05/5/2017
16:00
Huff and puff
sleveen
05/5/2017
10:37
Victoria Oil & Gas

A Q1 2017 operational update today from VOG which has been a stellar performer of late as the market tags on to just how much the stock is undervalued. The key features are, production up, again, two Logbaba wells currently drilling, the Bowleven farm-in under way and initial positive news from Matanda where early seismic shows ‘considerable gas in place potential’.
So, Logbaba gas production is up 10.7%to 14.57 mmscf/d as the dry season continues and thus sales remain on an upward track. Drilling two new wells continues and La-108 has encountered gross pay of 125m of high permeability, high porosity gas bearing sands which should result in a ‘significant increase in proven reserves’. ( Bear in mind that the La-105 well pay was only 84m) The well has since been side-tracked after a ‘well control incident’ that was safely dealt with but will add around five weeks and $8m to the overall cost of the well but will be recouped from revenue. La-107 has been drilled and casing set to 1618m, both wells will be tested in Q2 and complete in Q3. A high pressure gas flowline is being installed to enable early production.
The Q1 revenue was $8.1m (Q4 4.6m) and the current cash position is $14.1m. With record gas sales in March one can remain genuinely optimistic about the future, especially as the company has completed phases 11 and 111 of the pipeline making 50km in total and added six new customers with two more waiting to tap in. This confirms that there is large, unsatisfied energy demand in Cameroon and VOG is very well placed to profit from it.
I have just returned from a visit to see VOG in Cameroon and its subsidiary Gaz du Cameroun (GDC) where I was extremely impressed by the set up and its local management. We visited the Logbaba gas project including seeing the two wells currently drilling and saw the pipeline from Logbaba all the way through Douala. In the process we saw a number of GDC’s key clients, including the ENEO power stations using GDC gas. ( a contract that is shortly due to expire but I am convinced will rollover as negotiations are ‘well advanced’) Other clients we saw were a palm oil factory, two huge brewing operations at Guinness and SABC as well as Chococam which is part of Tiger Brands, chocolate and beer, what more could you ask for? Finally we visited Bomono which is intended to supply gas to the other end of the pipe in Douala where significant expansion is already under way. This would complete this part of the jigsaw and whilst subject to Government approval, should mean that either of the existing wells at Moambe and Zingana or even new wells, could supply gas to the rapidly expanding Douala customer base. The existing pipeline is only 9.5km away and most of the route could be constructed through a rubber plantation that has been untapped for several years making the infrastructure much easier.
The VOG format in Cameroon is rapidly becoming a significant money making operation, supplying gas to power projects and substantial commercial customers. There is no sign of any slowdown and the ‘cradle to grave’ utility model is proving to be a highly successful. Cameroon is seeing considerable inward investment, particularly from Chinese companies in the area and I see the total available market for gas to be growing faster than GDC can supply it. It would not be stupid to suggest that some such clients might even help finance the pipeline construction in order to be at the front of the queue for gas. Accordingly, providing the Bomono deal completes, then further gas supplies can be easily and cheaply brought on stream ensuring considerable increases in revenue and profitability. The longer term but potentially huge opportunities provided by the Matanda block can only add to the model which already looks in very good shape. Recent operational problems aside, I continue to view VOG as a significant opportunity and remain with my current target price of 200p

highasakite
05/5/2017
09:32
I was just going to post the same bronco, I'll try an overlay
fatnacker
05/5/2017
09:31
Impacted by the oil price drop, nothing else.
broncowarrior
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