Victoria Oil & Gas Share Discussion Threads

[sleveen] 05/6/2017 11:20

dean the reason for the share price fall is that it was over-hyped 4 months ago.

There was no fundamental reason for the share price reaching 80p.

Hence there isn't going to be a "no reason for share price fall" RNS.

[deanroberthunt] 05/6/2017 11:16

even the omnibull Fatty was getting concerned by the deafening silence...

[deanroberthunt] 05/6/2017 11:15

we know no reason for the share price cratering, would help!

[hashertu] 05/6/2017 11:11

The size of the share sale(s) this morning might indicate Capital Group has sold out completely.
They sold 2.1m in April.
Assuming it is the same entity, Capital Group also reduced their holding in PVR on 22 May.
Perhaps they are rejigging their portfolio.
I doubt they have access to information that is not available to us.

[deanroberthunt] 05/6/2017 11:03

poor show on VOGs front.....

[sleveen] 05/6/2017 10:56

Of $2.9m receivables, $2.3m is owed by VOG's largest customer ENEO:

Trade receivables disclosed above include amounts that are past due at the end of the current period for which the Group has not recognised an allowance for doubtful debts because there has not been a significant change in credit quality and the amounts
are still considered recoverable.

Of the trade receivables at the end of the year, $2.3 million (prior period: $0.9 million) is due from ENEO, the Group’s largest customer. There are no other customers who represent more than 10% of the total balance of trade receivables.

[deanroberthunt] 05/6/2017 10:46

it's all irrelevnt though if the wells don't come in...

[broncowarrior] 05/6/2017 10:41

There is definitely some sort of algo trading going on here where a system picks up the word "loss" and sells it short.

[highasakite] 05/6/2017 10:38

These were all posted on VOG's twitter on the 26th May on the day the Preliminary Results for the year ended 31 December 2016 were published:

hxxp://www.victoriaoilandgas.com/sites/default/files/170526%20RNS%20Results%20for%20the%20year%20ended%2031%20December%202016%20FINAL.pdf


YE16 Res:Cenkos:….VOG is very much moving in the right direction’

YE16 Res:Cenkos:with strong underlying cashflow & t/ new licences signif. increase. the long.-term upside pot…

YE16 Res.: Malcy: ‘The revenue is in line with company’s guidance, getting rid of a royalty is good going forward as are the non cash items.

YE16 Res.: Malcy: ‘These are good fundamentals despite a $32.7m write off which includes $22.7m on the Logbaba well La-106.’

YE16 AR: Analyst WHI:’.and this business should see another stepchange in production later in 17 to feed this energy-hungry part of Africa.’

YE16 AR: Analyst con, WH Ireland: this business generated strong EBITDA in 2016 without the La-106 well..

YE16 Result: Scap:’remain confident in our 170p/share [implements] growth strategy by adding reserves/customer supply & meaningful earnings

YE16 Results: Analyst Shore Cap; ..reiterate strong progress..confirm a creditable underlying financial performance in our opinion

[highasakite] 05/6/2017 10:30

Some on here need to grow up and grow a pair of balls.

[clunes100] 05/6/2017 10:15

I think the share price was over sold this morning and with a 10% drop, I suspect a few stop losses were triggered which dropped the share price further. I bought a few this morning, and the share price is bouncing back.

If Dik really thinks he can sell West Med, it is a game changer but we do need the wells to come in and followed by new energy contracts, so tremendous upside if our various boats come in.

[fletcher] 05/6/2017 10:13

Hands all those who think that a broker decided to buy £2m worth of shares in this company without having a home for them?

[deanroberthunt] 05/6/2017 10:12

west med isn't worth $8.1m, jeez!

[deanroberthunt] 05/6/2017 10:05

Maybe it's Jack and Jill drilling the well?

[deanroberthunt] 05/6/2017 10:03

we're doooooomed

[clunes100] 05/6/2017 10:03

I glanced through the report and two things stuck out.

1. West Med valued at US$81 with a new sales brochure and effort to off load it, if that were achieved, that would be up to 60p per share!

2. I was disgusted to see Menheim and Palmer, who were both pretty limp as BoD members , walked away with a total in excess of US$750,000.00 from last year's accounts alone, that is equivalent to about 0.5p per share or at today's price more than 1% of the company for turning up to three BoD meetings - can I have a job?? Disgusting!!

[deanroberthunt] 05/6/2017 09:54

put it down to lessons learned..., or not

[deanroberthunt] 05/6/2017 09:54

down the soup kitchen....

[brando69] 05/6/2017 09:50

where's the other chuckle brother? Filing for bankruptcy?

[brando69] 05/6/2017 09:49

see if you can get someone to pay you 10p a post dean - that way you could break even at this rate

[deanroberthunt] 05/6/2017 09:48

come back peter maybe he was right after all

[deanroberthunt] 05/6/2017 09:47

5m now and it's only qtr to 10