Victoria Oil & Gas Share Discussion Threads

[fatnacker] 06/2/2017 09:32

the rns last week confirmed there was no real issue either operationally or financially, corks out of the bottle for that reason.

[highasakite] 06/2/2017 09:31

Where is Peterprowler ?

He is missing all the fun.

LOL

[highasakite] 06/2/2017 09:28

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.

[deanroberthunt] 06/2/2017 09:26

3 bags and it's still not expensive

[temmujin] 06/2/2017 09:24

still only just over a penny in old money...long way to go yet

[deanroberthunt] 06/2/2017 09:24

Huge buy all the way up to 100p....

[highasakite] 06/2/2017 09:23

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] 06/2/2017 09:22

120p soon guys

[deanroberthunt] 06/2/2017 09:20

next stop 53p

[deanroberthunt] 06/2/2017 09:18

this is it boyz, the long wait is OVER....

[temmujin] 06/2/2017 09:17

7500 BOT TRADES PILING IN NOW...RAPID RISE

[deanroberthunt] 06/2/2017 08:42

has momentum to 53p, for the cup, then the handle to 120p

[roydyor] 06/2/2017 08:38

Mid 40s would be closer Max.

[shanig] 06/2/2017 08:37

Max. When?

[deanroberthunt] 06/2/2017 08:25

next leg up, the worm has turned

[max_cady] 06/2/2017 08:18

This is going to start falling back to the mid 30s today.

[deanroberthunt] 06/2/2017 07:55

did Roger Milla score ?

[roydyor] 05/2/2017 23:11

This should help the share price. lol

Cameroon 2 Egypt 1 in the final of the "Africa Cup of Nations".

[fatnacker] 05/2/2017 22:44

Dodge is right, the competition is fierce.

[dodge city] 05/2/2017 21:43

The main problem for VOG is that it will come under increasing pressure to reduce gas prices moving forward.