Victoria Oil & Gas Share Discussion Threads

[deanroberthunt] 28/11/2016 13:33

there's only so many avatars call Peter prowler...ahem

[deanroberthunt] 28/11/2016 13:32

I THINK I MIGHT KNOW WHO YOU ARE, IT'S A BIT LIKE CLUEDO...

[pixi] 28/11/2016 13:25

Are there any real oil and gas drillers on here?

[deanroberthunt] 28/11/2016 13:17

when will I will I get my picture in the paper..........

[pixi] 28/11/2016 13:16

VOG says Q2, 2017.

[deanroberthunt] 28/11/2016 13:16

when will I will I be famous.....

[neo26] 28/11/2016 13:14

when will the drilling finish?

[pixi] 28/11/2016 13:10

I've not been here for a while, the last time I was here VOG were around 4p! They've obviously done well for themselves since those early days
.

[deanroberthunt] 28/11/2016 13:10

you picked an avatar so that would be the case ?!!?

[pixi] 28/11/2016 13:00

Peter, are you a shareholder?

VOG are on about drilling being completed in Q2 of 2017.

[pixi] 28/11/2016 12:46

The original well was drilled in 1957 and experienced a gas kick so I reckon these two wells should be drilled by Feb 2017. One is vertical (107) following the original well and the other (108) is directional.

[fatnacker] 28/11/2016 12:08

is Tem's doppelganger prowler?

[pixi] 28/11/2016 12:01

Initiating coverage: A unique gas business
model in Cameroon

Cash flow, growth and value

We are initiating coverage on Victoria Oil & Gas Plc (Victoria) with a BUY recommendation and a target price of £1.00 per share.
Victoria is a £40 mm Market Cap Gas play in Cameroon, where the company
is leveraging past investments in pipeline infrastructure in Douala to directly sell molecules to industrial consumers.
With gas demand growing very fast and a deregulated market with gas still
priced at US$9-17/mcf, the value of the company’s c. 22 mmboe (c. 132 bcf)
2P Reserves is disproportionately high. This implies very healthy economics,
even in the current environment. We expect gross production of 1.5 mboe/d
(including 8.6 mmcf/d) in 2015 to grow to 6.0 mboe/d (36 mmcf/d) by 2020.
Victoria also holds multi tcf Prospective Resources at Matanda and Logbaba,
which are relatively low risk.
Our Core NAV for Victoria stands at £0.87 per share. Our Core NAV already
represents almost 160% upside to current levels. Including the two low risk
wells the company is drilling in 2016, which are targeting less than 5% of the
company’s overall Prospective Resources at Logbaba, suggests a ReNAV of
£1.02 per share. This does not include any value for the large resources at
Matanda. The shares also trade at EV/DACF multiples of only 2.4x in 2016,
2.2x in 2017 and drop to 1.6x in 2019. We continue to see much more value
in micro caps such as Victoria, compared to most large, international E&Ps
that now trade at or above their Core NAV and often their ReNAV.
Our target price offers 200% upside
Our £1.00 target price is based on ReNAV estimate of £1.02.

Has to be worth a punt: bought 21244 @32.90p.

[deanroberthunt] 28/11/2016 11:29

is Peter's doppelganger Tem ?

[sleveen] 28/11/2016 11:15

Now that's a leading question.

One may post on a public bulletin as one sees fit.