Victoria Oil & Gas Share Discussion Threads

[abacus2] 05/2/2017 18:09

Excuse my ignorance but who is Mellon and how do we know they have invested ?And how much have they invested?

[highasakite] 05/2/2017 16:56

I dunno what Sleveens agenda is.

He follows VOG like a hawk yet holds no shares. Bizarre to say the least.

[olieslim] 05/2/2017 16:34

There appears to be a lot of 'puffery' around lately. And sleveen doesn't like it.

So, I'm looking forward to him putting down some puffs.

Zzzzz... ;-?

[highasakite] 05/2/2017 16:03

sleveen doesn't even hold any VOG shares.

[fatnacker] 05/2/2017 15:54

Lol, sleveens stuck in a loop, this week's groundhog day is the surprise 60/40 split

[deanroberthunt] 05/2/2017 14:59

with a side note from Sleeven...

[deanroberthunt] 05/2/2017 14:58

we have reached this moment in the eys of investors;



@fatnacker

I believe the broker is informed on the facts from peterpowell....nuff said

[temmujin] 05/2/2017 12:11

Mellon bought in..they know whats coming

[mr maestro] 05/2/2017 11:26

My broker said sell the rise as price will now go to lower lows, pump and now the dump, like fatnackers bowels

Trust me, sell.

[hiddendepths] 04/2/2017 22:29

No doubt the long term is looking really good but there's too much hot money in here short term and the positive news is now in the market.

Trader selling, coupled with that of the excitable looking for quick returns, may well yield a more attractive entry point imo. I'm looking to buy on waning interest. I'm guessing at 34p but acknowledge I may miss it completely.

But as ever DYOR.

[deutsch3] 04/2/2017 21:15

They wouldn't install all that fancy/expensive pressure and safety equipment unless there is a fair amount of gas/oil further down in the end of the pipe? - Good security for a customer that wants a large sustainable supply and needs guarantees I would say?
Looks like all the ducks are in a row to me !

[highasakite] 04/2/2017 17:52

Comment from Malcy last Friday:

Victoria Oil & Gas

VOG was one of the first stocks that went into this year’s bucket list and today’s 4Q operational update shows just why. The company note increasing gas production, the 4th quarter was 7.64 mmscf/d against 7.14 for the comparable quarter whilst gas sales were up 4.5%. For the year, Logbaba gas sales were up 24% to 3,566 mmscf (2.868) and both Logbaba wells are progressing well albeit with some challenges. To combat the high pressure/high temperature wells, the company is using state of the art kit including Managed Pressure Drilling and Downhole Deployment Valves, the latter for the first time in sub-Saharan Africa. These additions to the well should ensure that they are of higher quality and reduce failure risk although they will add modestly to the cost of the wells.

We knew that 15km of pipe had been laid in the Bonaberi extension and this now gets to the key Western Extension hub and three new customers took gas in Q4 with more to come especially with the dry season upon us. The financials record Q4 revenue of$4.6m, $15.8m of cash, net $1.3m and undrawn credit lines of $16m. With the drilling programme going well and what seems like huge demand from customers old and new at the other end of the pipeline prospects for VOG and the shares are hugely undervalued.

[highasakite] 04/2/2017 17:52

Comment from Malcy last Friday:

Victoria Oil & Gas

VOG was one of the first stocks that went into this year’s bucket list and today’s 4Q operational update shows just why. The company note increasing gas production, the 4th quarter was 7.64 mmscf/d against 7.14 for the comparable quarter whilst gas sales were up 4.5%. For the year, Logbaba gas sales were up 24% to 3,566 mmscf (2.868) and both Logbaba wells are progressing well albeit with some challenges. To combat the high pressure/high temperature wells, the company is using state of the art kit including Managed Pressure Drilling and Downhole Deployment Valves, the latter for the first time in sub-Saharan Africa. These additions to the well should ensure that they are of higher quality and reduce failure risk although they will add modestly to the cost of the wells.

We knew that 15km of pipe had been laid in the Bonaberi extension and this now gets to the key Western Extension hub and three new customers took gas in Q4 with more to come especially with the dry season upon us. The financials record Q4 revenue of$4.6m, $15.8m of cash, net $1.3m and undrawn credit lines of $16m. With the drilling programme going well and what seems like huge demand from customers old and new at the other end of the pipeline prospects for VOG and the shares are hugely undervalued.

[highasakite] 04/2/2017 17:25

Sleveen is a non holder and just a sad wind up merchant with nothing better to do.

[roydyor] 04/2/2017 11:49

All coming good now, a pity Foo gets a bit carried away at times with his promises but it is results that matter. The ENEO contract renewal is all that is needed for an almost unstoppable upward journey for the share price.

[highasakite] 04/2/2017 11:06

sleveen

why are you so bothered as you don't hold any VOG shares ?

Your a nutter.

[deutsch3] 04/2/2017 09:40

For the new Electricity generating contract - ie. Power Station - security of supply in terms of protection against interruption and long term sufficiency of supply is essential.
Hence two wells - ultimate safety against pressure and temperature - and solid back and infrastructure. - We appear to be able to supply all of these shortly ( reference the additional drilling costs and safety installation) and are approaching the final fence! - Beachers Brook and away to the winning post?!

[sleveen] 04/2/2017 09:15

Barony
3 Feb '17 - 09:56 - 34300 of 34304 0 0
Looks like all on track re drilling, pipeline and increased gross revenue. (We always knew net would decrease.)


But it's the 60% net figure that matters to VOG and to you as an investor. The other 40% is Gryns.

The 5% gross increase (3% net increase to VOG) is marginal anyway in comparison to the circe 35- 40% fall in VOG's revenue.

I guess any straw to cling on to is better than no straw at all.

[sleveen] 04/2/2017 09:08

Whites

I could rip that PR spin apart, if I could be bothered. Here's a little pointer:

Who'd have thought that VOG is about to experience say a 35% (allowing for perhaps a small increase in gas consumption) fall in revenue in 2017?

As the song goes accentuate the positive eliminate the negative

[temmujin] 04/2/2017 08:10

in ya dreams laddie...Mellon dont buy into dogs..big rise next week when newspapers get hold of this unfolding success story