Victoria Oil & Gas Share Discussion Threads

[peterpowell21] 24/11/2016 12:11

well another day and another bounce of support.
its only a matter of time before it gives.

[peterpowell21] 24/11/2016 12:09

welcome back clunes

[peterpowell21] 24/11/2016 12:07

so lets be careful here.
we know how mis-leading foo can be.
remember all those years ago when he RNS that gas had now been delivered to the first customer. yes the word there was delivered. it was about 6 months later we found out that they were not taking the gas, it had just been delivered to there doors.what a laugh we had about that little mis-leading comment.
so we will have to read the RNS very slowly when it gets delivered this time.
but foo will have to be much cleverer this time, as we now know most of his little tricks.

[deanroberthunt] 24/11/2016 12:02

about what?

[peterpowell21] 24/11/2016 11:48

lets see if we can do something about this

[clunes100] 24/11/2016 11:34

The key to VOG's future success is increased sales and the reason for that is VOG's low cost of extraction and delivery against sales price i.e. VOG's margin is very good, almost $3m revenue to VOG per scuff of thermal based on VOG's 60% share. So once you have covered your basic overhead, a significant portion of VOG's 60% will drop to the bottom line as production increases.

VOG has been through a phase of massive capital expenditure to find gas and establish a route to market, that capital cost continues with further drilling and pipeline, but that will give greater revenue generating possibilities and security/redundancy of supply, whilst proving up reserves.

So the figure to watch for is increased production through new contracts, now this has taken longer than expected but on the basis that it will eventually happen - VOG seems to be worth a punt.

I have had a wobble in my faith in the BoD being able to deliver due to delay and poor/lack of communication at critical times but if they are able to implement their plan, shareholder value will be delivered.

I am in - DYOR

[deanroberthunt] 24/11/2016 11:03

something is defo cracking off, and it's not me on the vinegar stroke

[peterpowell21] 24/11/2016 10:51

so lets be careful here.
we know how mis-leading foo can be.
remember all those years ago when he RNS that gas had now been delivered to the first customer. yes the word there was delivered. it was about 6 months later we found out that they were not taking the gas, it had just been delivered to there doors.what a laugh we had about that little mis-leading comment.
so we will have to read the RNS very slowly when it gets delivered this time.
but foo will have to be much cleverer this time, as we now know most of his little tricks.

[fatnacker] 24/11/2016 09:57

yes but where did you get that from peterpowel21?

[fatnacker] 24/11/2016 09:27

Sleveen, where are you getting the number 12 from?

[sleveen] 24/11/2016 09:25

Let's see when the 12? connections are actually made and how much gas is consumed and we will see if spots have been changed.