Victoria Oil & Gas Share Discussion Threads

[deanroberthunt] 10/6/2017 08:58

morning Tem.

[temmujin] 09/6/2017 15:08

just had tip off to buy BIOM...by all accounts massive coffee chain deal imminent

[highasakite] 09/6/2017 15:04

Victoria Oil & Gas Positioned to Meet Cameron's Need for Power (Feb 2017)

www.proactiveinvestors.co.uk/companies/news/163676/victoria-oil-gas-positioned-to-meet-cameroon-s-need-for-power-163676.html

"From its Logbaba field GDC (VOG subsidiary) is currently the only supplier of natural gas to Douala, Cameroon’s rapidly growing second city and, in its own words, it manages the whole value chain from the wellhead to customer connection.

Long-term supply contracts have been established with customers at prices from $9/mmbtu (millions of British thermal unit) to $16/mmbtu and with prices not subject to regulation.

Infrastructure plans include designs for the gas treatment plant capacity to rise to 40mmscf/d and to develop new product areas such as compressed natural gas (CNG)...

..VOG has a 75% stake in the Matanda block, an asset potentially 60 times larger than Logbaba.

The North Matanda field alone is estimated to hold 1.8 trn cubic feet (Tcf) of gas and 136 mln barrels of condensate on a P50 (50% probability) basis.

That compares with 208 bcf of gas and 3.1 mmbls of condensate at Logbaba."

House broker Shore Capital...has retained a ...170p share price target set last year."

[highasakite] 09/6/2017 14:46

Andrew Diamond "Successful completion of the Logbaba drilling programme will lead to production capacity expansion and the opportunity to have meaningful discussions with prospective customers."


Ahmet Dik "The Company has held discussions with additional potential large off-takers and other grid power producers. GDC needs to increase its reserves to supply these large customers before long-term supply contracts can be agreed."


Kevin Foo "Once results for the drilling programme are known, GDC will then be
in a position to commit to negotiations that have been ongoing for some time
with additional larger gas-to-power projects"

[highasakite] 09/6/2017 14:46

Victoria Oil & Gas

Full Year 2016 figures from VOG which although historic give a good idea as to the significant advances made last year and so far this year. Figures show net revenue of $32.8m and EBITDA of $13m on record gas sales of 10.2mmscf/d up 24%. It is useful to know that this is still less than 10% of local demand. These are good fundamentals despite a $32.7m write off which includes $22.7m on the Logbaba well La-106.

With $27m spent on capital investment on drilling and the further pipeline extension VOG still has $14.4m headroom on its BGFC debt facility. The revenue is in line with company’s guidance, getting rid of a royalty is good going forward as are the non cash items. Operationally, drilling continues slowly hoping for no more gas kicks and ENEO are still taking gas so progress is justified.

Chairman Kevin Foo records 2016 as “a great year” with acquisition of extra acreage at Matanda and in 2017 the Bomono deal probably “a game changer” for VOG. The company are now firmly in control of the Douala Basin and a recent visit showed quite how much potential there is in the City. VOG has come on in leaps and bounds and the investment community have so far appreciated that by doubling the share price so far this year. The headline figures have concerned some this morning but the underlying picture is still very good with huge upside potential in the share price.

[clunes100] 09/6/2017 13:39

I suppose that a weaker dollar adds a little to the Stirling market cap as VOG's financing and revenue is in dollars or put another way, it decreases VOG's UK overhead by a few quid.

[m5] 09/6/2017 11:38

DRH, grow up.

[smokyjoe] 09/6/2017 11:29

DRH, would you please stop spamming this board with your absurd nonsense. 100+ post a day, most of which read like the incoherent rants of a drunkard, is a clear sign you need a break. Go and have a kitkat or something and TRY TO RELAX.

[deanroberthunt] 09/6/2017 11:11

off to pub, laters...cider, mainly strongbow, strongbow a clock in Plymouth

[deanroberthunt] 09/6/2017 11:09

probably FOO and his mates, meaning Malcy, cos he won't have many...selling their bonus with 10% profit

[deanroberthunt] 09/6/2017 11:08

WHOEVER IS SELLING...stop it...now

[deanroberthunt] 09/6/2017 11:08

Mikeod....

got everone filtered so he's the mad nutter talking to himsen....DROID

[deanroberthunt] 09/6/2017 11:07

no you're not