Victoria Oil & Gas Share Discussion Threads

[deutsch3] 10/5/2017 13:31

Delay and no news is a bad mix!

[deanroberthunt] 10/5/2017 10:24

it's either an opportunity or a threat...

[deanroberthunt] 10/5/2017 10:23

well you can look at this 2 ways, glass half full or half empty.

if the wells had been on plan and not needing side tracking, among other things, and thus not overspent, we'd probably be talking about making a flag/pennant at 100-120p.....as we'd have had the results and probably the power deal.

now, the glass bit, half empty, it's down from a high of 80p to 60p becuase of the aforementioned, so you could sit and be glum, and/or sell out at a loss, or profit depending on when you enetered.

glass half full....if they manage to complete the wells to the new timeline without any further issues, then you're buying the same longer term scenario for 60p and maybe lower, rather than 100-120p, given the previous scenario....

[fatnacker] 10/5/2017 09:55

well lets hope it holds then

[dealer1972] 10/5/2017 09:32

It's also around a major support level which should it break could see a drop to early 50's :)

[dealer1972] 10/5/2017 09:29

Rsi at 33.02, MACD still in downtrend, stochastics %divergence 41.36I'd like to see rsi below 30 and stochastics %d down towards 20 really for a buy signal on technicals.It's getting there slowly :)

[fatnacker] 10/5/2017 09:11

what indicators are you using?

[dealer1972] 10/5/2017 09:01

Not truly oversold yet. Give it to mid 50's then yes :)

[deanroberthunt] 09/5/2017 20:01

assuming no more well incidents...

[highasakite] 09/5/2017 18:32

VOG should in the next 3 months or so, increase P1 reserves, have 4 producer wells and a gas plant capable of delivering up to 30mmcf/d, so no excuses then for not signing up some of the bigger consumers that LR referred to in his presentation.

[fatnacker] 09/5/2017 18:02

we're definitely in an oversold position, lets hope for a sharp reversal anytime soon.

[highasakite] 09/5/2017 14:45

Saudi Arabia Says Oil Curbs Could Extend Beyond End of 2017

→ Producer group determined to reach goal of reducing stockpiles
→ U.S. shale output has slowed impact of OPEC’s production curbs



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

Saudi Arabia and Russia Signal Oil-Cuts Extension Into 2018

→ Prolonging cuts will speed up rebalancing of market: Novak
→ Saudi Minister Al-Falih confident of agreement to extend

[philippem] 09/5/2017 13:32

I wasn't expecting to be able to buy below 62p as this was my support mark. Obviously it deep below just long enough for me to buy. lol.

[deanroberthunt] 09/5/2017 11:37

all our buys this morning now in profit, bounce cometh

[deanroberthunt] 09/5/2017 10:52

be nice to see the contract, especially the risk section

[fatnacker] 09/5/2017 10:48

JG has no choice, ante up or walk, all the same he must be spitting feathers.

[fatnacker] 09/5/2017 10:43

stuck drills caused by kicks are common enough, thankfully they installed the right equipment, had they not it would have been the end of 108, If we knew what the "mechanical issue" was we could understand better, probably an issue with the mud, lack of or wrong weight.

[highasakite] 09/5/2017 10:39

If he doesn't cough up he will lose his 40% share. Simples.

[highasakite] 09/5/2017 10:32

its not 40% over at all.

Taking RSM share into effect its more like 15% for VOG.