Velocity Composites Share Discussion Threads

[dreggspicker] 26/2/2014 16:55

paddy boy? , I am waiting news of the Kenyan fiasco, Van could still pull a rabbit out of the hat, we have as shareholders had a rotten time.......

[paddy boy] 26/2/2014 13:17

Afternoon All,

Still got a small holding here from FLOR days. in terms of trading buy / sell what is the best route with the Canadian listing??

many thanks

Paddy

[dreggspicker] 22/2/2014 21:38

certainly a huge increase in trades yesterday, nearly 700k, and a upside in the lowly price, lets hope we get some news soon......

[dreggspicker] 07/2/2014 19:30

It is probably a rehash of the earlier RNS.....

[dreggspicker] 07/2/2014 19:14

This has just been posted on Stockhouse;

Many thanks to
PapaFritz

New article today looks bullish for VEL:

Canadian oil company in talks with Kenya on licence renewal NAIROBI (Xinhua) -- Canadian oil and gas company Vanoil has confirmed ongoing discussions with the Kenyan government on its license renewals in the East African nation. Vanoil said in a statement that it is negotiating to renew its interest in onshore Blocks 3A and 3B, originally acquired in October 2007 through the signing of a Production Sharing Contract (PSC) with the government. "These talks are now at a key stage and the company expects them to conclude imminently. At such time, Vanoil will provide an immediate information update to the market," it said in the statement. The blocks cover 24,912 km2 in Kenya's Anza Basin and are geologically analogous to the prolific Muglad and Melmut Basins of South Sudan and geographically in close proximity to the recent PaiPai discovery in Kenya, it said. The company anticipates the receipt of its 10 percent working interest in the highly prospective 5,110 km2 Block L9 alongside Dominion Petroleum Kenya Limited (a wholly owned subsidiary of Ophir Energy plc) and FAR Limited. "This block lies directly south of Block L8 which hosts the Mbawa gas discovery made in 2012," it said. Vanoil is an oil and gas company with a portfolio of assets in East Africa and in Seychelles, in the western Indian Ocean. Kenya has a huge mineral potential but its exploration efforts have only picked up in the last 5 years with the awarding of commercial licences in prospecting for oil, gold, coal, geothermal and rare earths. The East African nation has drilled over 30 dry wells in Isiolo, (northeastern Kenya) and Lamu (Southeast) and has lost a lot of money. While decades of oil exploration failed to yield results, in most cases, ending with nothing less than a bottle of crude oil, Kenyan officials say there were high hopes of Kenya striking commercial oil with the advent of new oil exploration technologies.

Read more at


We may get out of this hole...........

[dreggspicker] 04/2/2014 11:22

if you want the news, you need to click on Vanoil on your monitor then click on news, it will not come on the bb - don't ask me why - it just doesn't .....

or click on the link I put up in the header....

[dreggspicker] 03/2/2014 15:37

No RNS - yet - But I expect if Sam was due to see the government today or tomorrow then he would not want to say anything until they spoken to them....

[dreggspicker] 03/2/2014 08:45

I know Napoleon how you feel!!!!!

[dreggspicker] 03/2/2014 08:17

could well be a exercise of booking a tax loss for the year, but of course when you do that it is seen by all,that is where it has backfired......... I can not believe Firebird would let this wither on the vine for the want of financing but we will see later .......

[dropside] 02/2/2014 12:14

The Kenyans are right, the finances look bad. But the odd thing is that Passin could put the money in to drill in 3A, Firebird have plenty of cash and Vanoil is really a vehicle for the Firebird fund. Maybe for some reason he has decided the license is not as prospective as was first thought. Could be due to results in neighbouring licenses. Bahasi on Block 9 was a dud and Africa Oil have said this (15 Jan) on Block 10A:

The partnership has elected not to continue into the next exploration phase in Block 10A in Kenya and the previously planned test of the Paipai well has been cancelled due to concerns over economic viability.


Vanoil may only be prepared to do it with farm-in partners and they in their turn may not be so keen. They may still hope to keep the license and sell it on for something.

If it really is not that prospective then they are right to recognise this and cut their losses. I'm just guessing, no idea really, there are so many things here that don't quite fit together so trying to find a story that would make them fit...

It looks like we may get something from Sam Malin on Monday, let's hope so.

[dreggspicker] 02/2/2014 11:42

oh no, my very worst fears do not really know what to say about this other than it is a disaster ........

[dropside] 02/2/2014 09:51

This doesn't look good - I hope Passin and Malin have some answers to this..

[dreggspicker] 31/1/2014 11:00

Have I seen this before, look at page 15-16 you will see the Madogashe site; In fact I really don't think it was there before????????

[dreggspicker] 30/1/2014 16:28

and back down again!

[dreggspicker] 29/1/2014 22:21

Price has perked up abit;;;;;

Time & Sales
Price Size Mkt Time Buy Sell
0.15 2,500 TSXV 15:53:21
007
027
0.14 36,000 TSXV 15:53:21
007
007
0.125 1,000 TSXV 15:53:21
007
039
0.125 4,000 TSXV 15:53:21
007
099
0.12 500 TSXV 15:53:21
007
001
0.12 1,000 TSXV 15:53:21
007
039
e 0.11 87 TSXV 15:22:08
059
033
0.11 500 TSXV 15:22:08
001
033
0.125 1,000 TSXV 13:30:21
039
099
0.125 5,500 TSXV 13:30:21
039
099
0.125 6,000 TSXV 13:30:05
039
001
0.125 1,000 TSXV 13:30:05
039
039
0.12 3,000 TSXV 12:24:14
001
002
e 0.12 235 TSXV 10:45:00
059
00

[dreggspicker] 29/1/2014 20:25

Afren the other day said the Seychelles was "on going"

Seychelles Areas A 75% Interpretation of Ongoing
& B 3D Seismic





Maybe Ophir drilling L9 at the end of this year; (we hold 10%)






But we need news, and money!


A532;


A532;

A532;



A532;



A532;




[napoleon111] 23/1/2014 11:33

hxxp://www.vanoil.ca/s/NewsReleases.asp?ReportID=620693&_Type=News-Releases&_Title=Vanoil-Announces-Settlement-Accord-with-the-Government-Of-Rwanda

[dreggspicker] 22/1/2014 17:28

This has just been put on Stockhouse, looks to me we have been paid off in Rwanda...




Onwards and upwards....

[dreggspicker] 18/1/2014 08:55

Errh, I sud hav said 2.8 Billion Barrels! NOT MILLION!

[dropside] 17/1/2014 22:32

Thanks dreggs, I think I had forgotten how big Seychelles was with all the focus on Kenya this last year.

Good prospects and good partners in Seychelles and 9a, and lets hope they add 3A good news soon..

[dreggspicker] 17/1/2014 21:41

Hi drops, 2.8mb is in Afrens August 2013 presentation so no change there.. alot of oil to aim for......