Victoria Oil & Gas Share Discussion Threads

[fatnacker] 19/4/2017 09:51

Way more expensive than gas

[deanroberthunt] 19/4/2017 09:45

burning peteroil or deisel is like going back to the drak ages

[fatnacker] 19/4/2017 09:21

you mean as an independent generating company clunes? probably not for a million reasons.

[clunes100] 19/4/2017 09:03

Is it possible that if ENEO play hard ball, VOG could add capacity to the grid instead and ENEO effectively help create the competition?

[dan de lion] 19/4/2017 09:01

The alternative for ENEO is to burn oil, would that be more/less expensive than VOG`s gas?

[fatnacker] 19/4/2017 08:39

A bit of lateral thinking, eneo are in the business of selling lecky, along comes vog with big plans to develop the gas field, install infrastructure etc etc, does eneo look at the short game and stiffel the roll out by playing hard ball?

[highasakite] 19/4/2017 08:32

New GMP First Energy research out today: “A new contract with ENEO is expected to be signed imminently..”

[fatnacker] 19/4/2017 08:29

And in my opinion if it's a continuation it may well be at a higher price than $9, we will see shortly

[clunes100] 19/4/2017 08:27

With institutions buying the availability of shares should tighten up making any positive news good for the share price

With increased volume, ENEO are bound to push hard for a lower price but a local clean reliable source of energy which does not require handling, storage, holding stocks etc . has some serious advantages. It will undoubtedly be a trade off to some degree and VOG have and will continue to invest heavily but at least VOG has low operating costs so increased volume will undoubtedly bring increased profit.

[fatnacker] 19/4/2017 08:27

Sarcasm drh, the contract will be renewed, there's no alternative.

[highasakite] 19/4/2017 08:27

New First Energy GMP research out this morning: ‘BUY with target price increased from £1.15 to £1.20 per share’ #vog

[deanroberthunt] 19/4/2017 08:25

@fatty

they don't have any infrastructure, plus COC have no interest in developing the field...how long would it take to complete the works to supply gas to Douala, given the aforementioned?

[highasakite] 19/4/2017 08:23

This is what VOG said on 13th April

"The ENEO contract is a two-year gas supply agreement which expires on 22nd April 2017. Negotiations are well advanced with ENEO and Altaaqa and the Board expects a renewal of the contracts for the supply of gas to the Logbaba and Bassa power stations in Douala."

[fatnacker] 19/4/2017 08:22

God I hope bowleven don't step in a nick the contract

[fatnacker] 19/4/2017 08:21

In fact wholesale gas price is little changed in the period mentioned

[highasakite] 19/4/2017 08:21

lowlife who posts as "oldpuppy" on iii said recently the ENEO contract would not be renewed when it expires on 22nd April.

A complete fabrication.

[fatnacker] 19/4/2017 08:15

Not really drh, assumptions are just that

[deanroberthunt] 19/4/2017 08:10

to be restorative, he/she makes a fair point....

[deanroberthunt] 19/4/2017 08:08

can't argue with that.

[highasakite] 19/4/2017 08:08

lowlife/saltydog/oldpuppy/easybrent

You were saying the same thing when VOG shares were 34p fella

LOL

[lowflow] 19/4/2017 08:03

VOG supply contract with Eneo expires in 3 days as we all know. The significance of this contract for VOG cant be underestimated. In 2016, the Logbaba partnership sold 3566 mmscf of gas of which 2376 mmscf was sold to Eneo (66% of all volume).
The gas is sold at $9 mscf, resulting in that 51% of the Logbaba partnership revenue came from Eneo.

Its a bit of an issue that the contract with the party which is generating 51% of VOG revenue has not yet been renewed when it expires in 3 days. Global commodity prices are down considerably since the Eneo contract was signed for at the first stage. One can only guess, but a fair assumption would be that Eneo wants to lower the price for the gas in a new contract.
There are 2 months left in the dry season and if Eneo really wants to play hardball, they may drag out this process as Eneo need to use the gas generation plant is coming off in 2 months time for this season.

[fatnacker] 19/4/2017 07:59

Yep, testing of both wells by late Q2, completed early Q3, need to get their fingers of then, there's less than 10 weeks left of Q2

[fatnacker] 19/4/2017 07:37

Rules on reporting are contradictory, incorporated outside the UK the obligation is to report when crossing 5%, also Eu rules, fund managers also 5%, the rules changed in March, not really bothered though two new insti investors, good news, not sure about the drop at end of day though? maybe the first rns insti entirely sold up

[highasakite] 18/4/2017 20:43

That would mean buying about 2,200,000 shares on the 13th April which is the day they said they got to 5.2% ?