Victoria Oil & Gas Share Discussion Threads

[shanig] 03/2/2017 08:31

Gas sales increasing. Drill bits working hard and reaching exciting depths. Huge potential market. I am happy to hold.

[fatnacker] 03/2/2017 08:23

let the dust settle, I might buy some more.

[max_cady] 03/2/2017 08:21

Average RNS, debts are mounting by the looks of it.

They are just about to start the high risk part of the drill where pressures and temperatures are very high.


Still a very risky punt imo.

[deanroberthunt] 03/2/2017 08:12

yep, just the fly by nights who got wind of an RNS and thought it would be something bigger...

most probably selling at a loss, no patience, all immediate gratification.....

I'm happy to hold, value will win out in the end...

[dodge city] 03/2/2017 08:11

A good update spoiled by the cost increase.

[fletcher] 03/2/2017 08:11

Predictable sell off , people who bought low 30's sell at 38'ish still 15 to 20% return. Give it a couple of hours

[highasakite] 03/2/2017 08:11

why are u so concerned when you hold no shares Sleveen ?

[dodge city] 03/2/2017 08:04

Sell on news

[clunes100] 03/2/2017 08:03

No - just trying to digest the RNS.

A good up date and as already said the edge taken off by the increased spend on drilling, however, this is manageable within the current business model. Although any tail will also be an additional cost.

Overall, I believe that the RNS is sufficient to continue a re-rating and as the RNS states, the drilling is entering the exciting phase.

[pjj71] 03/2/2017 08:01

44m mkt cap for a debt free earnings generating utility with a paid for pipeline and eager customers AND with 2 wells on the cusp and acres of gas fields to explore no wonder malcy has it in his bucket list...

[fatnacker] 03/2/2017 07:48

You slept in Clunes?

[baticle] 03/2/2017 07:30

It's a good update overall, the increased spend has just taken the edge of it a little bit given a lot of people perceived that they were cutting it a bit fine with the existing cash resources. However record production has offset that so still on Track as far as I'm concerned and if we get two cracking wells then Happy Days !

[fatnacker] 03/2/2017 07:29

The nutters will be sifting through the rns looking for somewhere to stick the knife, all their dire predictions blown away, lmfao

[pjj71] 03/2/2017 07:28

This could be the year of the vog..


All looking good (at last!!!!)

[fatnacker] 03/2/2017 07:22

Eneo contract renewal talks, record production, Wells about to enter production zone, vogs share of drill costs covered easily despite inflated price, I don't see the downside, am I missing something?

[baticle] 03/2/2017 07:19

From experience It's rare that anything sticks to budget....it's always approximate and 9 times out of 10 spend will go over, 4-8 million is still manageable, but their going have to get cracking with new hooks ups to mitigate this increased spending.

[broncowarrior] 03/2/2017 07:05

Increased production but increased spending on the drilling. 4-8 mm more than expected.

[deanroberthunt] 03/2/2017 06:49

on 8-10x fcf, "as is", this company is worth $104-130m.

[broncowarrior] 02/2/2017 23:21

To clarify, the relationship has been very difficult so I canMt imagine anyone wanting to be in VOG's position and having the same issues.

[broncowarrior] 02/2/2017 23:20

No would want to work with RSM, I'm sure of that. They would want to buy them out.

[highasakite] 02/2/2017 22:43

oink oink u grunter.