Velocity Composites Share Discussion Threads

[dropside] 17/1/2014 20:39

From Afren's latest presentation, there's an awful lot of prospective oil in our Seychelles licence area. Sure I haven't seen these numbers before...

Country
Gross prospective
resources
(Pmean mmboe)
Net prospective
resources
(Pmean mmboe)
Ethiopia 344 103
Kenya 2,303 1,760
Seychelles 2,801 2,101

[dropside] 17/1/2014 12:40

Tullow's dissapointment in the Anza basin is a negative, and the fact they have elected not to drill the next well looks bad.

That is the narrative the market has picked up. An alternative narative is that there are at least two more wells to be drilled in the Anza in 2014 - Vanoil and Taipan. Tullow have enough on their plate developing elsewhere in Kenya so let others do the work, then see. As they said in the rns : "There is clearly scope for the development to be expanded if there is further exploration success in other basins." They may even be taking a share in Vanoil's well for best access to data, maybe why they have chosen to pass on their own well. I don't know which is right...just hoping... and waiting for news!

[dreggspicker] 16/1/2014 08:10

quite alot traded yesterday, 209k showing, back up alittle, still no news......

[kiwimonk] 15/1/2014 13:22

couldn't make it up could you

[dreggspicker] 15/1/2014 12:42

Just had it shown me on Afren bb that Tullow has thrown in the towel on 10A Kenya, that does concern me as it is in the same basin as Madogashe.. it is in the update from this morning,, sorry I missed it first time reading... that could explain our price weakness of late if there had been rumours.. Tullow does have more than enough to chew on at the moment, so probably do not want any more.. But it must harm sentiment.

[dreggspicker] 15/1/2014 11:06

oooohh Vauch, you are a cynic ... ( yes it is spelt that way)

[vauch] 15/1/2014 09:03

It will be after our options expire then it will move up.

[dreggspicker] 15/1/2014 08:16

Meanwhile we wallow in the dirt with the dogs...... how low do we go before we get any news??????????

[vauch] 10/1/2014 19:43

The options we have wont be worth a fart at this rate.
Have they spent all our money or is Flormin still a gower

[dreggspicker] 10/1/2014 08:43

well the small seller seems to have stopped yesterday, will they resume today, who knows; For what it is worth I purchased another 40k last week @15cts so I am not hoping for below 10cts.....

[napoleon111] 09/1/2014 11:33

this is looking dire at the moment :(
news is needed, or a bit of buying pressure to keep it afloat...not sure i can afford it but if we dip below 0.10 will pick up some more and try to accumulate a decent position at a healthy price

[dreggspicker] 08/1/2014 22:09

still going south on rubbish volumes....

[dreggspicker] 07/1/2014 19:42

Even if (God forbid) we do not drill Madogshe we still have the condensate prospect L9, surely this would be worth the current share price .....

[dropside] 07/1/2014 19:34

Agreed its high time we had some news. Everything is a riddle and the market is reflecting this.

[dreggspicker] 07/1/2014 19:07

You are not wrong there pisces, we need news about everything & anything right now, it is time we got proper drilling..........

[pisces4] 07/1/2014 18:50

oh dear another resistant point broken,not looking good!

[dropside] 31/12/2013 16:30

Don't think that is Jeff the tortoise anymore :-)

I wish shareholders a good night into the New Year and the New Year brings health and happiness - and we strike oil!

[dreggspicker] 31/12/2013 15:51

Here's hoping we get a move on in the new year, also lets all hope the last of the Canadian tax year folk have finished, not many hours to go now..................


so, I wish everyone a ;;;;;;;

[dreggspicker] 25/12/2013 19:21

Well old Jeff has enjoyed the day..........

[dreggspicker] 24/12/2013 16:47

Yep, you know you can come up anytime drops............ Believe me ...... it all tastes gooooood.... hic..

[dropside] 24/12/2013 16:37

You going to need help with that dreggs? :-))

Wishing all Vanoil shareholders a Very Merry Christmas and a Happy and Prosperous New Year!

[dreggspicker] 24/12/2013 16:24

Merry Xmas everyone !!!!


As you can see I will be having a big one.........






Lets look forward to next year!!!

Dreggs & Family

[dreggspicker] 10/12/2013 19:47

another down day, time we had some news, too many Canadians selling at a loss for their tax year......

[dropside] 06/12/2013 17:20

Just bought some more at 11.5p

So cheap for everything you are getting IMHO.