Victoria Oil & Gas Share Discussion Threads

[peterpowell21] 02/12/2016 14:13

blakieboy

i wish i was a cleaver as you.

just remind us are you underwater here or just up to you neck?
lol

[blakieboy7] 02/12/2016 13:31

"There lifes" !

[sleveen] 01/12/2016 18:58

another imposter wwell, wwell.

Stop posting that puffery nonsense.

[bengal1] 01/12/2016 16:33

Why are you here then...

[bengal1] 01/12/2016 15:56

Higher oil price increase attractiveness of gas...West Med presumably worth more as a potential oil field for someone (sale), more for VOG condensate...looking good..

[fatnacker] 01/12/2016 10:18

you watching crude drh? looking like $55 by xmas is on the cards, nice.

[pixi] 30/11/2016 16:25

grim, no, I never said it was updated. What I am saying is someone posted that link on the BP bb (by Spob) the other day. I read it and saw VOG was mentioned. Someone had also kindly posted the contents of that initial coverage so I copied it and posted it over here. Then I copied the link and posted that too for good measure. Their Initial Coverage is very illuminating if you read it. I particularly like the bit at the bottom:

"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".

So, in other words, Matanda's large resources are in their price for nothing! (The Matanda block is over 60 times area of Logbaba concession) I'll have to have a look around for any other broker's research on VOG and post that here too. I have discovered that VOG is rated a strong buy by brokers and the directors have "skin in the game" - three of them own more than 1 million shares each and that is a big incentive for them to do well.

[fatnacker] 30/11/2016 15:57

Just home from school max?

[max_cady] 30/11/2016 15:44

The news is that the real drilling hasn't started yet. The pressures and risks will get much larger as they get down to the target zone.

You can bet there will be issues that at best delay the drilling process and at worst blow 40 million up in smoke.

The real work hasn't started yet.

[temmujin] 30/11/2016 14:01

7500 bot trader back

[bengal1] 30/11/2016 13:45

Customer connections....bring it on...

[bengal1] 30/11/2016 13:45

Customer connections....bring it on...