Share Name Share Symbol Market Type Share ISIN Share Description
Victoria Oil & Gas 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
  -0.375p -1.08% 34.25p 33.50p 35.00p 34.50p 34.25p 34.25p 173,793.00 16:35:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 14.5 1.1 0.1 286.2 37.50

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Date Time Title Posts
23/1/201707:32Victoria Oil And Gas moderated1,920.00
17/1/201716:15VOG - Can it survive - doesn't look like it. R.I.P.1,276.00
11/1/201719:06Victoria Oil & Gas - The New Positive Thread (VOG)34,119.00
04/1/201717:29VICTORIA OIL AND GAS NOW 0.75P OLD MONEY, Ј30M MARKET CAP..too bizarre for words18.00
04/1/201717:22VOG MODERATED THREAD85.00

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Victoria Oil & Gas (VOG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
23/01/2017 17:14:3433.5978,00026,202.93O
23/01/2017 16:26:5934.005,5661,892.44O
23/01/2017 14:28:0634.445,8442,012.53O
23/01/2017 14:22:0734.9531,47310,999.81O
23/01/2017 14:05:2734.441,489512.77O
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Victoria Oil & Gas Daily Update: Victoria Oil & Gas is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker VOG. The last closing price for Victoria Oil & Gas was 34.63p.
Victoria Oil & Gas has a 4 week average price of 35.01p and a 12 week average price of 34.33p.
The 1 year high share price is 59.25p while the 1 year low share price is currently 25.50p.
There are currently 109,495,262 shares in issue and the average daily traded volume is 159,811 shares. The market capitalisation of Victoria Oil & Gas is £37,502,127.24.
clunes100: As I say, VOG had and still has a massive number of share holders for the size of the market cap issued shares and repeated dilution has made them very small shareholders in terms of value and consolidation which I forgot to mention in my last post makes the number of shares they hold very small. I have suggested to the BoD that they should arrange a a facility to buy back some of the smaller holders through a buy back scheme. They could offer a no commission service and batch the deals. It would have a number of positive benefits, support the share price, demonstrate confidence to the city, reduce the administrative workload of managing vast numbers of shareholders and tighten up the overall shareholding in the company. I don't think buying out shareholders with under a certain number of shares would actually cost a great deal and might encourage investors to add rather than sell, if they think someone is after their shares.
fatnacker: peterpowwell21 2 Dec '16 - 09:27 - 211 of 216 0 0 We calculate Risked NAV of 170p/share, indicating a significantly undervalued stock (which is more than underpinned by 2P reserves alone), in our opinion. Our sum-of-the-parts valuation accounts for Logbaba reserves and resources, with the latter risked at 30%. We have also taken a small portion (circa 250bcfe recoverable) of net prospective resources at Matanda, risking these volumes more aggressively at 10%. Our assumed “in ground” values range from US$4-6/boe and are benchmarked against comparable African projects assessed by us. In addition, we have assumed a value for VOG’s strategically important pipeline infrastructure (at circa two thirds of balance sheet carrying value) and have made financial adjustments to reflect forecast net debt and the present value of central costs. Conclusions VOG’s recent interim results and quarterly update demonstrated a continued strong gas sales performance from its core Logbaba project in Cameroon and, with the company now firmly profitable, we forecast continued earnings progression as a result of current growth initiatives. We anticipate imminent spudding of two appraisal/development wells at Logbaba and, with phased extensions to the pipeline network now commissioned, we believe that the company is extremely well positioned to expand its reserves and production. As an integrated gas production business dominating its local market in Douala, VOG is highly differentiated amongst its African E&P peers on AIM, combining a strong geographic focus with a straightforward, highly commercial business model and significant growth potential. Assignment of an operated interest in the Matanda block provides a much expanded footprint in-country and we also note plans to supplement the portfolio with additional complementary projects. However, we believe that successful implementation of the forthcoming drilling programme will be the critical value driver for VOG in the shorter term, given the potential impact on a reserves base which already more than underpins the current share price, in our opinion. We forecast adjusted EBITDA of circa US$17m both this year and next and we see excellent scope for the company to expand customer supply and deliver meaningful earnings progression through FY2017. We expect healthy operating cash flow and existing debt facilities to readily accommodate the company’s capex plans. Our Risked NAV estimate stands at 170p/share, a figure which we believe is fully justified by VOG’s existing reserves base, established pipeline network and unrisked potential at Logbaba and Matanda. We acknowledge that ground operations have yet to commence at Matanda but have accounted for only a small portion of prospective resources here and believe that this project is of strategic importance. Accounting for financial adjustments, we estimate that Logbaba reserves alone contribute 56p/share to Risked NAV and also highlight the value of the pipeline infrastructure. Future execution will be key to driving the share price, we believe, and we see scope for very material upside as VOG implements its ambitious work programme to expand reserves, production and process peterpowwell21 2 Dec '16 - 11:00 - 212 of 216 0 0 120p soon fatnacker 2 Dec '16 - 11:01 - 213 of 216 0 0 Edit at least, probably twice that. peterpowell21 2 Dec '16 - 11:41 - 214 of 216 0 0 jam2day you must be sick of being called here. peterpowell21 2 Dec '16 - 11:43 - 215 of 216 0 0 the rampers dont like the facts being posted. they only want hope posted on here. that i am afraid just more jam tomorrow. if you want jam, this company is the place. you will get it morning noon and night. peterpowell21 2 Dec '16 - 11:47 - 216 of 216 0 0 there are some right gullible people about buying in here. they come, think they have found the bottom,seen it many many times before. there will be more tears, yet again.
whites123: MAYA : Mayair. 2 trades of 5000 shares go through (These are not destined for share buyback) and the result is, NMS tightens up and increase of 8% showing. Folk... DYOR etc, but it really is a coiled spring waiting to pop. The company has an approved mandate to buy back 10% of stock at an average price of £1.42. (£5,500,000) all stock bought below means the top price payable goes up. MAYA : Mayair. Very limited PI interest showing in MAYA (Mayair) still, but with just 2 small PI trades showing of £3,700 total the share price has risen some 8%. The company has an approved mandate to spend over £5,500,000 on share buy back program. Its a squeeze of epic proportions. Do some research people... Im like an over excited kid as I have not seen this situation for many a year. MAYA : Mayair Close to £5,500.000 still to spend on share buy back program. Averaged out that equates to over £1.40 per share, but all those bought lower means the upper price to pay can well exceed that marker. Tripling of the share price is easy once stock is in demand. Its a squeeze of epic proportions in the waiting. And yet another RNS from MAYA showing a further share buy back. Each and every time the rns comes out the price increases. Yesterday just 2 purchases. 1 from a PI buying 2,500 shares and the other purchase was a share buy back by the company. They have the mandate to buy approx a further 4 MILLION shares back. The share price will explode... Anyone else here excited about MAYA? (Mayair) They want to buy back 4,247,500 shares (10%) for a maximum of £5,755,750 They have already bought back 340,000 shares for £205,611 So they still have to buy back 3,907,500 shares with £5,550,139 They can pay up to 142p (£5,550,139 / 3,907,500) to acquire the outstanding stock but for every share they buy below 142p, they can pay more than 142p to complete the buy-back, so the price should keep stepping up. The objective of the buy back seems to be to get the share price up. This could triple from here. 19th Oct -2016 RNS today showing they bought back more shares.. In a lightly traded stock like this they have the mandate to buy back almost 4,000,000 more. Where will the share price be by then? Many many multiples of todays price is my best guess.
baticle: I get it.... you either get rising profits driving the Share price or an expectation of a quick rise based on speculation of a buy out or a percieved worth of assets. I mean..... its painful to see the Share price just in Limbo like this but VOG is at a crossroads and the only thing that will increase the share price is an increase in business and profits....and for that we have to wait.
clunes100: My layman's view is that the share price has flat lined for a number of reasons, some can easily understood, such a large capital spend on infrastructure and delayed expectations in terms of new thermal contracts etc. But there are some known unknowns such as Foo's royalty and RSM starting to take their share of revenues after operating and further development costs are taken into consideration. My view at the moment is that these known unknowns have already been priced into the sp, it is only with clarity that nervous investors will gain confidence. I have not mentioned all the positives and negatives but as far as Foo's royalty is concerned, a Board sub-committee has been set up to review and resolve this with Foo, probably an equity/royalty swap which will align Foo's interests completely with the company and what was the royalty (roughly 4% once a third is already returned to VOG) will drop to the bottom line. RSM will not be 40% (the headline figure) of revenues as operating costs (gas from well to customer) will be subtracted from this figure and RSM will continue to fund 40% of infrastructure, wells etc. VOG is gaining assets all the time, from wells to extending the pipeline, from licences to cash, but the thing to look at is the margin on sales, if the gas costs $3 per scuff and it is sold at $9-16 per scuff. It is not rocket science to work out that profit will increase substantially even with RSM taking their cut because margins are so good. The key to a £1 plus share price will be a successful new well, proving reserves and providing well redundancy, the extension of existing power contracts and THE THIRD GAS POWER CONTRACT which will surely come as market demand for electricity is there and there are no other suppliers of gas (realistically BLVN's tiny discovery is not commercial without VOG's pipeline). Clearly I think the share price is undervalued on the basis of medium term potential and some may call this ramping, but these comments are based information in the public domain and if anyone disagrees, then by all means post and liven up this board and even interest in VOG.
clunes100: Still mulling over the AGM which was the best yet, quick points: New BoD looks impressive and attempted to answer all questions during and after meeting; Dik certainly seems to be very competent; New finance director competent but thrown in the deep end, as he will have to convince shareholders about transparency of accounts; Focus on next two wells, next ENEO contract and ensuring infrastructure capacity to deliver higher volumes of gas; Condensate operation including transport, profitable; Closely followed by developing and drilling new licence; Preparations for spudding well advanced and rig at port; Drill costs will be covered by cash, revenues and RSM, $26m bank financing provides leeway and will ensure that the cupboard is not bear with respect to all programmed developments, which translates to further dilution being unlikely for lack of financial resources; RSM payment will be announced shortly; RSM will continue to pay 40% or capital and operating costs on producing wells, so 40% will effectively be net of these costs, so ignore the headline 40% figure and the situation will likely be better than most believe on this board as long as ENEO increases consumption, the high margins will kick in, especially when the drilling and pipeline costs start to fall. Operationally VOG has made strong progress, the key to the future will be successful wells, followed by further energy contracts, here the excellent margins will ensure cash fall to the bottom line. Operational update in a couple of weeks. Royalty issue being looked at by independent BoD committee. Overall, good meeting and I have to say that whilst Foo is personally not yet forgiven, he is a man of vision who has held it together by the skin of his teeth and deserves some credit and credit for managing to get a credible team around him to take VOG forward in an unfriendly business environment in the UK, Cameroon and globally. Holding but I believe that the turning point has been reached, it won't be a smooth climb for the share price but the momentum will pick up as the many bits of good news will start rolling in. If you are analysing VOG here is a tip that will give an indication of the potential, if VOG has just turned the corner and made a small profit, consider the actual cost of extraction and high margins given the selling prices due to local market conditions, then extrapolate the margins over another ENEO contract. DYOR and crunch your own numbers as it is a punt based on successful wells on known reserves and new ENEO contracts building on existing contracts but when the market wakes up to the potential the share price will start its recovery, that might be in a day, a month, six months or a couple of years - the timeline is the big question? Some announcements to watch for (not necessarily in order): RSM announcement and operational update - two weeks Rig on site Spudding well Update Hit Gas haf year results Spudding well Hit Gas Update Reserves upgrade Spudding new licence? AGM Is that of any help? Anyone else got a view on the AGM? anyone want to challenge what I have said?
the legendi: Your predictions on the VOG share price are as good as used bog roll fella. I refer people back to your previous posts like: max_cady - 02 Feb 2016 - 15:28:28 - 32560 of 32587 This will drift back to the 20s. It's already started take a look at the DOW and falling oil prices. Strong sell imo.
the legendi: max your an idiot. Volumes are not tailing off. Don't be so bitter about not enjoying the VOG share price rally which has much more legs. £1 soon.
ridicule: With the VOG share price still in the 40's fn, I wouldn't worry too much about refining the value. It is so far above the current share price just buy and worry about the longer term valuation in due course as the share price rises.
clunes100: The AGM went well apart from the old chestnuts being dragged out, more on that later. Impressed by John Bryant and Ahmet Dik whi seemed competent and personable additions to the board. Apart from usual Blah Blah... these are the positive points I took away in no particular order: Accessing 25 new customers H1 2016 8,000m pipe laying into Bonaberi, followed by 5,500m in H2 12/25 customers in H2 - GSA's signed. 3 phase expansion of processing plant, initially 25mmsf, then 30mmsf and then 40mmsf, no timescale or cost given. Looking to increase P2 to P1 reserves presumably through drilling programme, competitive costs on drilling expected due to market conditions. Spud 2016 twin wells to current producing wells, so risk considered low. RSM relationship going well and RSM paying contributions. BoD will consider buy back resolution, although substantial buy back could only occur with windfall e.g. sale of West Med. West Med sale still being worked, my view is that it may take some time but would be a welcome surprise when it happens, Foo clearly still sees it as a possibility. BoD recognises royalty issue needs to be addressed to see more fall to the bottom of the P&L., which in turn will assist share price and institutions perception of VOG. The BoD were asked to review joining the main market and report back to shareholders, don't expect any action. BoD recognise need for new independent BoD members and seemed to acknowledge need for continued work on governance. GDC operationally profitable and need to get costs down. Discussions with BLVN could lead to something. Discussions on further power contracts coulod lead to major contract. NOW the negative points: The BoD finally acknowledged and even Foo (and Numis) all agreed that the royalty issue needs to be resolved for VOG and the share price to substantially move forward - the BoD are looking into this issue and Foo (at the right price) would appear to accept the idea of being bought out. On this point Foo did state that he had put up over $4m of funding at a critical point and at considerable risk and that he had yet to get all the money back as he defended the CHL royalty. So watch this space, I think something could happen here, especially if West Med is sold. Grant M's. contribution was openly questioned and at a salary of $250,000 a year not unreasonably. He looked totally bored and I reckon he had a "gagging order" imposed on him as the others have finally realised that silence is the best policy in Grant's case. Foo's defence of his contribution was weak at best and frankly the only justification that had any sympathy was that he was a founding member of the company, but then one could also say that he is partially culpable for loosing our money as well. If Foo wants to cut costs and raise credibility, it is time that Grant steps down before shareholders vote him out, and I think that this is now a possibility next time Grant is up for election (anyone know when this is?). I actually think that Foo's future is disproportionally linked to this issue, if he defends Grant and the new board members, recent and future look competent enough, he will also be out. The reason that I say this is that shareholders are surprisingly united on this now emotive issue, it is an easy decision that a good leader can take ...... unless he can produce tangible evidence that Grant should stay......on today's performance, I think Grant's days on the BoD should be numbered and departure announced sooner rather than latter. Foo, you need to man up and listen to your shareholders - it is difficult getting rid of a buddy or allies on a BoD, but if they become expensive liabilities or are perceived as such, it is time to take action. Governance and conflict of interest are still also an issue on various levels. Finally, the lack of any forecasts for profitability, revenues, production and hard time scales undermined what was a substantially improved AGM compared to previous ones. Roll on any substantial news (West Med, power contracts, large customers, BLVN agreements, new reserve estimates, successful wells, LNG etc etc) and the next update and results. Summary VOG has a good story and has made substantial progress in the last year, they should be congratulated on this and the share price should reflect this even given the negatives, but does not. The low share price must surely be the most vexing issue for the BoD, or at least how to get it higher, it should be in the 60-90p range now, not the low 40's.
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P:35 V: D:20170124 03:08:34