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VPP Valiant Petrol.

437.00
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Valiant Petrol. LSE:VPP London Ordinary Share GB00B2NJD643 ORD 2.555556P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 437.00 - 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Valiant Petroleum Share Discussion Threads

Showing 1701 to 1719 of 2575 messages
Chat Pages: Latest  79  78  77  76  75  74  73  72  71  70  69  68  Older
DateSubjectAuthorDiscuss
06/6/2012
10:33
Ed123 I am, nothing more to say really, this company seems to be unlucky and in capable of raising the share price on its own. Put the company up for sale.
utrecht_00
06/6/2012
10:27
were Awilco meant to be carry out any works for Valiant on Causeway?
frazboy
06/6/2012
08:08
You might get your 380p, ohisay.

Timon drilling contract terminated due to technical downtime.

Are you there, utrecht? VPP appearing a bit unlucky?

ed 123
01/6/2012
00:15
380p for me.
ohisay
30/5/2012
09:06
ROGER - try Proactive Investors or Fox Davies - there should be a good resume on one of those sites.

I too wonder about VPP. Got out far too early in the Springtime rise; now wondering whether to get back in again; though perhaps will wait for 420p...

skyship
28/5/2012
22:43
Hi I recently bought some Valiant stock without doing any research just because it seemed so incredibly cheap (and getting cheaper). I have looked through the board postings trying to look for the catch.
But I can't find one. Is there a quick summary as to why this share is so downright cheap to the point of ridiculousness? or is it just cheap? In fact I don't think I have ever come across a share so cheap for no obvious reason.
And I see the shares went down today, why - how - what?

rogermauricesmith
28/5/2012
18:12
Sludge- totally agree. Not that the management seem to care about the failures.
utrecht_00
28/5/2012
17:54
utrecht_00

the appraisal well was just that, an appraisal well. the result from this well has no bearing on the original flow rates of the discovery well

as for communication problems, i see no great concern with this press release. clearly the well not drilled vertically (reservoir top structure was @ 10000 ft TVDSS), so we don't know the true stratigraphic thickness but we must assume it was largely as expected. water in the lower zone, and reduced permeability in the upper area, suggests that this is geologically complex. the permeability reduction for equivalent porosity and the fact that it's water saturated in the lower sands suggests a different sand/rock quality. they've taken a lot of core, which was probably the intention but that tells you they're trying to improve their geological understanding (reduce uncertainty for field development)

maybe they think that they can turn this into a water production well if they develop the field, but i'm surprised they didn't just P&A the well.

frazboy
28/5/2012
17:19
but to be clear is the 211/8c-4z discovery well drilled in 2010 with its 5000 bopd flow rate now in doubt, or just that there was nothing from this latest appraisal well? This is one of the problems with VPP and their communication it leaves so much unanswered.
utrecht_00
28/5/2012
13:39
Tybalt flowed at 5000 bopd back in 2010, I am assuming that the well they drilled back then still does or is it all gone?
utrecht_00
28/5/2012
12:53
Well you never know there might be more in Timon than they expect.
Tybalt was 30% cos and more appraisal than exploration so todays news is disappointing.
I reckon we'll see nearer 400p again sometime soon as they are quite leveraged to the oil price - so just as well they put those hedges in place.
I've no complaints about management I'd be more concerned if they screwed up Causeway.

ohisay
28/5/2012
11:16
Tryfan next.

With hindsight, the 2012 exploration cash would have been better spent buying interests in existing discoveries - a more certain outcome.

Next year's capital programme is set at $150m against $250m this year. However, if they can't get good enough terms to farm out some of Handcross then the 2013 spare cash may be going into a bigger bet on a 20% chance?

As to selling the company, that depends on the major shareholders. Atm, even with some bid premium they would struggle to get their original investment back.

Most likely that the investors will stick with it for now, imho.

Overall (including Osborne's raid), I think management are doing OK.

ed 123
28/5/2012
08:08
yep, even their RNS's give the bare minimum information. Its not a good way to treat shareholders. No mention of whether they still expect the same flow rates a they got in 2010. This should be a success story framed as we tried to find more but well never mind we still have a lot etc etc.

Will the BOD now do the decent thing and put the company up for sale to unlock the shareprice potential as they obviously can't. They have been given time and have failed.

utrecht_00
27/5/2012
18:11
would love to, but only hold CFD's and not sure if those quality to get me in. If not tybalt results by then I expect some grumblings.
utrecht_00
24/5/2012
14:27
AGM on Tuesday next week.

Anyone going?

What were the refreshments like last year?

ed 123
24/5/2012
14:23
lets hope so, they are well over their target date for releasing news and I hope its good as the share price is taking a battering. As ever the BOD doesn't seem to care.
utrecht_00
24/5/2012
14:04
Hmm... hopefully they are getting the teensy weensy bad news out first
eipgam
24/5/2012
13:12
screw that wheres Tybalt FFS?!!
utrecht_00
23/5/2012
18:27
well overdue news on tybalt now, i hope its because they have a lot more oil than they thought....
utrecht_00
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