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
  -6.375p -8.92% 65.125p 64.00p 66.25p 72.00p 63.25p 71.75p 2,167,146.00 16:35:14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 14.5 1.1 0.1 540.1 71.31

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Trade Time Trade Price Trade Size Trade Value Trade Type
16:29:3765.606,0883,993.73O
16:29:2265.609,6756,346.80O
16:28:4664.5650,00032,281.25O
16:27:4665.602,4321,595.39O
16:26:1865.002,4001,560.00AT
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Victoria Oil & Gas (VOG) Top Chat Posts

DateSubject
28/2/2017
08:20
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 71.50p.
Victoria Oil & Gas has a 4 week average price of 56.88p and a 12 week average price of 42.36p.
The 1 year high share price is 77.25p while the 1 year low share price is currently 28.75p.
There are currently 109,495,262 shares in issue and the average daily traded volume is 2,088,467 shares. The market capitalisation of Victoria Oil & Gas is £70,350,705.84.
18/2/2017
20:48
baticle: Kenmitch I totally agree the entire Market Cap and company prospects come into Play and Re the share price is irrelevant in that sense but for example.. I bought boohoo a couple of years back at 22p and Sold at 1.30 about a 6 fold increase in just short of 2 Years... The question being would it go to £ 7.80 in the next 2 Years ? giving the co a valuation of approx. £ 10 bln.. mmmmm.. Probably explained it wrong but I just find lots of Co's with high share Prices have excessive valuations... Rio Tinto has doubled and has a PE of 17.4 but 5 years ago it was about £30 and there was a bargain to be had at £18 when the price dropped. If profits keep increasing the share price will keep climbing but growth starts to slow when your a big Co. All I'm saying is it just feels there are better value stocks out there that will perform better and earn better
17/2/2017
13:38
lowflow: There are a number of issues with VOG at this point, especially after the recent rise in the share price which hasn't been supported by any news. 1. 2016 operational update, released 3 Feb was the last RNS from VOG. Since then the share price is up 70%. This is a bit surprising considering that the update was mainly negative: - Q4 production growth was only 4.5%. - Jan 2017 production was only up 4%. - Drilling cost for La-107 and La-108 has increased with 10-20%, or $4-8m gross which is considerably considering the financials of VOG. The company only generated $9.3m in revenue in H2, which means that if the cost over-run end up in the up end of the range, it would be equivalent to half H2 revenue. 2. SG&A keeps eating up VOG. The company has for a very long time been running an SG&A run rate which isnt sustainable considering the level of revenue the company is generating. VOG generated $32.9m in revenue in 2016. However, VOG started first to pay its 40% partner RSM its revenue share in June 2016. Deducting RSM revenue share, VOG generated $24m in revenue for the full year. VOG run-rate SG&A cost is app $10m, which is obviously unsustainable considering that the company is generating only $24m in annual revenue. 3. VOG financials are just not appealing, 2016 financials adjusted for RSM revenue share. $24m Revenue -$4.1m Royalty (most going to Kevin Foo, great set-up) -$3.4m Cash operating cost -$14m Depreciation -$10m SG&A -$1m Financial net -$8.5m Operating result before taxes This is obviously not a sustainable business model
26/1/2017
11:59
clunes100: Fats - imagine a bell curve of investors in VOG 10 years ago where the average age of the 10,000 VOG investors was 60 and the spread of ages was 50-85 years barring a few exceptions. Now imagine that the majority of the investors are long term and have seen the share price collapse and diluted, so that their shareholdings are very small in number and value, plus we have all aged 10 years. For all the reasons I have mentioned in previous posts and as time passes we move further up the curve of those that have to sell. The reasons the number of small sells are also increasing more than one might expect is that after a good year for the average investor (unless they are heavily into BT and GKP...........), and as we near the tax year end, most investors look at their portfolios and look to crystallise losses against profits. That does not mean that they don't buy back in if they remain convinced by VOG's prospects. This may all sound simplistic but I am convinced that this is the cause of the steady trickle of small sales. I am still more perplexed by AEX's valuation being north of £90m and VOG's being in the low £30m - theories on the bulletin board - please! Although I realise we have covered this subject and it boils down to uncertainty created by a poor shareholder experience and a whole pile of contributing factors.
25/1/2017
17:04
highasakite: sleveen why you so concerned about the VOG share price you nonce ?
28/10/2016
12:41
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.
13/7/2016
14:38
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.
24/2/2016
14:00
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.
24/2/2016
10:38
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.
19/2/2016
10:18
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.
30/11/2015
16:14
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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