Victoria Oil & Gas Share Discussion Threads

[deanroberthunt] 18/4/2017 20:36

maybe they went from 2.99999999999% straight to 5.2%...

[highasakite] 18/4/2017 19:09

Majedie Asset Management Limited announced after hours they had 5.2% of VOG.

Why didn't we get the required RNS when they held 3% ??????????????

[highasakite] 18/4/2017 18:31

I wouldn't believe a word the zionist said.

[tom111] 18/4/2017 17:34

I see our expert investor temmujin stated on AST he had sold up here and bought AST needless to say AST dropped 10% oh dear lol sorry what was that TIMBERRRRRR

[fatnacker] 18/4/2017 17:19

yes, one i reducing and two increasing?

[el-tel] 18/4/2017 17:11

A couple of RNS's after the market closed look interesting.

[temmujin] 18/4/2017 16:26

TIMBERRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR!

[fatnacker] 18/4/2017 15:51

its possible drh, would love to know what the "mechanical issue" was

[deanroberthunt] 18/4/2017 15:43

assuming they don't have another well incident.

[fatnacker] 18/4/2017 15:37

clunes, were heading in that direction anyway, eneo contract renewal, eventual well success and the probability of more power station contracts all within the next 3 months, a 160p bid will be laughed at.

[clunes100] 18/4/2017 15:13

Fats, the project may have cost more than that and we are talking short term gain as opposed to longer term development of vOG as an entity. However, there are plenty of people that would take 160p tomorrow rather than £2+ in a year or two. So ENEO would get the infrastructure cheap and a future already largely de-risked. ENEO wake up, smell the coffee and buy VOG before you cannot afford it.

[fatnacker] 18/4/2017 13:52

pretty sure the project cost more than that clunes

[clunes100] 18/4/2017 13:47

I suspect that ENEO said to VOG, don't come knocking on our door until you have a proven well, reserves and a processing capacity to meet our long term demands.

ENEO cannot have it all their own way on pricing as after all we/VOG have taken considerable risk and cost to get this far and there is not a cheaper and cleaner alternative.

If I were ENEO, I would simply buy VOG as I would get the infrastructure and proven reserves on the cheap and additional licence(s) to secure my long term energy demand and growth.

ENEO + VOG = Serious Player in Cameroon and worth more than the individual companies.

Perhaps Foo is negotiating a sale to ENEO which would give investors a quick increase in value, Foo's shares would be worth more and he carries on getting his royalty.

Even at double the current price, it would only be £160m to control the supply and both the gas and electricity in that region, ENEO would make its money back in no time at all - I might even drop Foo and the ENEO CEO an aide memoir to spell out how everyone wins.

[fatnacker] 18/4/2017 13:14

negotiations would not have been going on for so long if it wasn't going to be renewed in some form, I'm as sure as I can be that we will see a renewal rns very soon.

[deanroberthunt] 18/4/2017 12:48

fatty is right, no contract renewal and we'll see 50% off the share price ...but I can;t see why it wouldn't?....but you never know, it's Cameroon not Chelsea!

nothing like leaving it to last minute.com

[highasakite] 18/4/2017 12:01

htt p://www.shareprophets.com/views/28481/video-david-lenigas-of-anglo-african-discusses-making-money-on-african-investments-with-laurence-read-of-victoria-oil-gas-chris-bailey-of-financial-orbit-at-uk-investor-show-2017

[fatnacker] 18/4/2017 10:54

the contract is pivotal, it will have a substantial impact on the sp

[highasakite] 18/4/2017 10:34

When the contract is announced you will be paying much more than 74.5p currently.

[clunes100] 18/4/2017 10:31

Good chance we'll hear something this week on ENEO, the well/reserves are effectively proven and BLVN are tied up with VOG.

If we do not, does it matter in the short term, the contract will role over until an agreement is reached, they are hardly likely to turn the gas tap off or switch back to OIL.

The time to be in VOG will be at the point the contract is announced, those that are out will miss the spike.

[fatnacker] 18/4/2017 10:28

might be if its a longer period the price will review on a yearly basis, what's for sure is eneo is unlikely to want a return of constant power outages, they don't make money if they don't supply electricity, that's the simple fact of the matter.

[fatnacker] 18/4/2017 10:23

could be higher than $9, expires 22nd? we might know by Friday

[highasakite] 18/4/2017 10:14

I expect an ENEO renewal very soon. Price could be lower than $9 but it could be for a longer contract with higher take or pay and could even be for more than 50Mw of power. 100Mw perhaps ?

[marvelman] 18/4/2017 09:44

Thanks HAAK...very informative and sums up things very well for new investors

[highasakite] 17/4/2017 18:41

2017 UK Investor show video:

[highasakite] 17/4/2017 13:12

According to the International Energy Agency, natural gas will be the fastest growing fuel in use for power generation in Africa.