Share Name Share Symbol Market Type Share ISIN Share Description
Volga Gas LSE:VGAS London Ordinary Share GB00B1VN4809 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 47.50p 47.00p 48.00p 47.50p 47.50p 47.50p 24,000 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 17.8 -4.6 -5.0 - 38.48

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Date Time Title Posts
28/9/201607:13VOLGA GAS2,026

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Volga Gas Daily Update: Volga Gas is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker VGAS. The last closing price for Volga Gas was 47.50p.
Volga Gas has a 4 week average price of 48.78p and a 12 week average price of 49.20p.
The 1 year high share price is 51p while the 1 year low share price is currently 24.50p.
There are currently 81,017,800 shares in issue and the average daily traded volume is 12,600 shares. The market capitalisation of Volga Gas is £38,483,455.
tomboyb: 138k bought at 38p - Current share price is 28p so a huge premium to prevailing share price -
flyingbull: Almost no reaction at all to the share price from today's RNS: "Vostochny Makarovskoye gas field well test" The September oil stock challenge is on..... Good luck!!! fb
wata1971: A little history on the oil boom in the area that is Khanty-Mansiysk. Trying to find out a bit more but there are companies for sale Just need the detail of the deal, with a rushed RNS I would have thought they didn't want the news out yet. Lets hope this is the start of the good news and a decent rise in share price we all anticipate.
wata1971: Well we are into Q3, I would like to think we'll have a nice steady build up until they announce VM wells are on line. Does anyone know based on what revenues / profit will be generated, what the share price should be based on shares in issue, market cap etc. Not an expert but if we are undervalued where should we be. Still buy recommendations out there. But then again I didn't expect us to be where we have been for the last year with all this Greek / Euro nonsense. Here's to £1.50 by the end of September!!!!!
tradermel: From the November RNS we are expecting news from either: Romanovskaya 1 well - should be reaching depth. Uzenskoye 9 and 4 sidetracks (perhaps later in the year) Mirnaya 2 - due to be spudded Q1 Although the company changing Vostochny Makarovskoye gas/condensate field is not due for completion until Q3, anticipation of this is bound to push the share price in Q2. Any of this news released might act as a catalyst with your charts poised as well!
tradermel: Nicked this from iii .... SpikeyDT Things have been fairly quiet from independent Volga Gas recently, but then in Russia, where the company is exclusively focused, maybe that's not such a bad thing.And the company's share price is just about as low as it has been all year, which might - depending on what stance you take - indicate good value. Things have been fairly quiet from independent Volga Gas recently, but then in Russia, where the company is exclusively focused, maybe that's not such a bad thing.And the company's share price is just about as low as it has been all year, which might - depending on what stance you take - indicate good value. The AIM-quoted group holds an interest in five licenses in Russia's Volga region, through various wholly-owned subsidiary companies.We last looked in detail at the Volga story back at the start of September. At that time, Russian officials had just backed the company on a legal tussle, allowing it to resume work on the stalled Vostochny Makarovskoye (VM) project. Volga's title to the field had been challenged by a shareholder of Trans Nafta, the company that sold Volga the field prior to its 2007 initial public offering.It was a distraction at a time when investors were keenly awaiting news of testing from the company's first sub-salt well in European regulars may recall that Volga had hoped to bring this gas-condensate field, which has C1/C2 reserves of 54 million barrels of oil equivalent (boe), onstream in late 2008. That, of course, did not happen, but such delays, like full-scale legal challenges, are far from uncommon in this hydrocarbon-rich corner of the world.Soon after this news came out Volga released its half-yearly results for the six-month period ending June 30, 2011.Included in the interims were reasons why Volga has cultivated plenty of positive interest, with group-wide production averaging 2,092 barrels of oil equivalent per day (boepd) during the six months, more than double the same period a year earlier (920 boepd). For the remainder of 2011, production is expected to average above 2,600 boepd, another very healthy lift. The expanded production meant better financial figures too with net profit reaching US$3 million, reversing a US$0.2 million net loss a year earlier, and revenues shooting up to US$14 million, against US$5.2 million in the first half of 2010. The message at the time from chief executive Mikhail Ivanov was upbeat after the company reported what he called a "material profit".During the period Volga maintained continued steady production from the Uzen oil field, and notched up significant first revenues from the Dobrinskoye gas and condensate field. This, Ivanov said, had performed in excess of expectations since its acquisition.The key development for Volga during the first half of 2011 was the acquisition of Gazneftedobycha from Trans Nafta, landing the group 100 per cent ownership of the producing Dobrinskoye gas/condensate field and related processing and transport infrastructure. The company does carry a bit of debt - US$6 million is owed by one of its subsidiaries, Gazneftedobycha, to Trans Nafta - but there is cash in the bank too, generated by production activities, though this has dropped during the past year. This cash stood at US$13.9 million as at June 30, 2011, roughly half that recorded a year earlier. Overall, the production rise and the financials told a pretty encouraging story.But since mid September there has not been much in the way of detailed news although work is still ongoing with the completion of the VM field development.Presenting the mid-September interims Ivanov also flagged the drilling of two new exploration prospects, which could "add new production streams within a short timeframe". He also alluded to possible further acquisit By SpikeyDT
tadtech: Gentlemen I am rather bemused at the pull back here which seems to be caused by a combination of Capital Group International selling out their remaining modest holding and PI's jumping ship as the share price drops. The more 'astute' types may like to consider how quickly this bounced from 92p to £1.24p recently, only a matter of a few trading sessions. It has now re-traced obviously and the RSI is now sitting in a position where the re-rating started. The last meaningful operations update was on the 4th November and news on a number of fronts must be due. Note the drop has been generated on low volume and how the last two strong up moves have been triggered by a one day spike in volume. free stock charts from
tadtech: Based on the above table and revised to take account of recent share price movements Reserves valued at.......... Urals Energy.. $1.20 barrel Volga Gas......$2.18 barrel Petroneft......$5.05 barrel Exillon Energy.$6.55 barrel Both VGAS and UEN are miles apart from both Petroneft and Exillon on reserve valuation possibly due to the fact that both have been relatively inactive with the drill bit. VGAS intend to change that shortly, it shows that £2 is entirely possible as a target, even then their reserves would only be valued at $3.60 a barrel !! + Revised to take account of UEN placing on 20th Dec
swiss tony: Ah Burren, and old favourite of mine! I agree with Macrus, I think VGAS is worth in excess of £3, and am excited about potential new opportunities in Karpenskiy and Pre-Kaspiisky. Tempted to sink some into XEL now, think the downside is limited, and waiting to pull the trigger on IAE too, when the new shares hit the market I can see the bottom forming, and then holding long-term to £2 again. 100% gain hopefully. I think the fact VGAS is tightly held by people in the know reassures me. The only negative I can see being the court cases, but happy to take the risk it will be sorted out without too much negative effect on share price.
coco: The long and the short of VGAS to me is :- 1) We have three massive subsalt propects, one is being drilled now and has mostly been paid for - the 3D on the "G2" is done and paid for and I would expect the Passport to have been obtained with C3 reserves by the announcement of our final results and a spud date for Q3 of next year.The Pre-caspian I would expect the same for 2012, Maybe before. 2)Yuzhny Uzenskaya production from this field has been ramped up this year from a little over 1000 barrels to about 2000 in the final quarter - this should be around 2500 barrels by the time of the announcement of our final results - with present oil prices which our mainly hedged by MET I can see profits at or around $1.8 million a month in to our bank account and this should carry on for several years at present production rates. There should be no major expendature for this field 3)The VM field which initially proved a boost up to £6.00 plus a share has since been a thorn in VGAS's side, but hopefully that is all behind us now, Once the GPU is up and running we should be looking at income of $25 - 30 million next year with very little expendature - we will probably sidetrack VM4 and hopefully drill VM3 but other than that it will be cash in the till. 4)Urozhainoye-2. This has one well in conservation that produced 1200 barrels of oil per day, for long term production it will probably produce 400 - 500 aday I would imagine and comes with C1 of 800 million barrels (the tills ringing again). 2D has been carried out on it this year with full scale exploration and production planned for next year 2010 -2011 could see this turn in to something similar to Yuzhny Uzenskaya 1500 - 2500 barrels aday. 5)There are many other surpra salt prospects (5 have been mentioned if you do a good read through the results over the last couple of years) we have one that is in conservation(35 degree oil) capable of 700 barrels aday (thats from memory dont shoot me down if its 600) - we are not producing from it because we presently do not have the field facilities at this moment in time but with cashflows becoming positive from here on in im sure the economics will kick in over the next 12 month or so. 6)The company as mentioned before is cashflow positve with revenues due to increase sharply over the next 3 - 6 months, Vgas is in the exceptional position of having no debt and most of the field facilities to harvest this cash is paid. At the end of June we had (including the placement) $40 million in cash obviously "G1" is budgeted to cost $18.6 million but $4 million to my understanding was covered in the first half of the year for upfront payments and the rig mobilization. I can see absolutly no need for anymore capital raising other than when (and I said when not if)new field production facilities are required (if the Dobronsky feild is not big enough to handle the possible amount coming from one of our Subsalts)to produce from a subsalt and that will not be a price of the last capital raising. 7)Reserves - C1 43.2 C2 25 C3 394 The above reserves are for Yuzhny Uzenskaya, VM and the C3 is for the intra/subsalt that we are drilling at the moment "G1" - they do not even bother to list the C1 for Urozhainoye-2 that I know about and certainly no C2 listed. With the prospects identified so far in my honest opinion these could / should read C1/C2 100 C3 1000 Now for the person who mentioned last week that its gone up 40 pence is it time to take profits - go do the figures on that. With a market Cap of £170 million and about £20 million in the bank (I know this will reduce on capex but cash inflow will seriously be starting to support this) and no debt and no negitive requirements for cash calls in the future this is bloody cheap. 8)The future - With only 81 million shares and a shareprice of £2.00 or there abouts the future is bright, They only have to hit one of the three subsalts identified then the transformaion in the share price will be unbelievable - we hit the three well ???. As I said two month ago when we were alittle over the pound mark - Buy. Now were at the 2.00 mark institutions are beginning to take notice and buying - Yes the market will do anything to get your shares on the cheap there will be interim ups and interim downs but this will go one way over time - dont leave it till its £4.00 or £6.00 or £8.00 DYOR. And as for IC etc managing to move 2 million shares PMSL 9) The past - Vgas came to the market alittle over 2 years ago with a market cap of about £162 million it had no oil, No 3D, No 2D, No wells drilled, No production, No infrastructure, No income other than interest, No C1,C2 or C3, No Urozhainoye-2 license and guess what they managed to get £3.00 a share which is exactly the price after dilution now more or less and your buying all that time and work.
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