Victoria Oil & Gas Share Discussion Threads

[biggie3] 18/1/2018 15:18

Somebody keeps the price low by selling at 37-38 level on purpuse?!

[maloneyt] 18/1/2018 14:56

If all sells are getting mopped up, why then the share price are not going up ???????

[philippem] 18/1/2018 14:54

Once again all sells are mopped up.

[fatnacker] 18/1/2018 13:06

What about going forward scruff? Pedantic I know but there was substantial dilution from £2.50, 40/1 doesn't make the share price £100 retrospectively

[scruff1] 18/1/2018 11:58

Just looking in. First time in years. Still hold a few but worth nowt. Have to agree with deanro.. I held them years ago when the reserves at West Med were upgraded. Around £2.50 then and that was before the 40 to 1 consolidation. Would be £100 now !!!
May take a tad longer to get back to those levels.

[highasakite] 17/1/2018 20:38

LOL

of course it is.

[deanroberthunt] 17/1/2018 20:27

the story here is over...just a matter of how long, not if

[highasakite] 17/1/2018 16:25

Wonder if these yanks are buying on behalf of someone else like RSM

[highasakite] 17/1/2018 16:12

350K sale just gone through at 38p and snapped up by a buyer on level 2 immediately.

[broncowarrior] 17/1/2018 16:06

3ways, what a ridiculously one eyed post - awful stuff.

[highasashite] 17/1/2018 15:04

10p coming.

VOG down the BOG

[highasakite] 17/1/2018 14:23

When VOG hit bid 37p today all the sells were mopped up straight away by a buyer.

Clearly the yanks are buying again.

[philippem] 17/1/2018 14:09

Drop in the morning and back up in the afternoon once the US get going. Those sells are mopped up as somebody see value in VOG. At this price it is a bargain for a company wanted to export the Gaz.

[highasakite] 17/1/2018 13:16

"The fact is that ENEO will never agree to pay the price that has been to VOG. It was always considered too high."


In your opinion. NOT FACT at all.

[fatnacker] 17/1/2018 13:05

3ways, conjecture is not fact.

[highasakite] 17/1/2018 12:36

3waysout

I am going to save your post above and repost it when ENEO come back on board.

New shares came to market early Nov. ENEO stopped taking gas early Jan 2018.

VOG released the ENEO news straight away.

[3waysout] 17/1/2018 12:31

The fact is that ENEO will never agree to pay the price that has been to VOG. It was always considered too high. The contract will never be renewed. And I don't think the demand is there for thermal power otherwise the company would have exploited these better margins years ago. Other electricity option are overtaking the VOG business model as the third energy transition, focused on the rise of renewable energy, is well under way given the sharp reduce in capex per KW.

The VOG infrastructure in due course will also be worthless. No gas without more capex, no capex b/c no trust, no customers b/c no cash to pay.

VOG will delay the next update as long as possible and will ultimately need to make a provision against the exposure to ENEO. The cash raised was in anticipation of this happening so I'm sure those subscribers will pursue their legal option given the conduct of this Board in not releasing market information.

[hashertu] 17/1/2018 12:16

Having read that article (post 3543), I suspect that the price the electric utility company (government owned) charges its customers has been fixed for some years (since 2012?), whereas there is a price escalation clause in the agreements with the suppliers to the utility.
This imbalance has reached 100billion CFr before the payment late last year.

[highasakite] 17/1/2018 11:44

agree fatty

[fatnacker] 17/1/2018 11:34

I don't think its a tax issue, I believe electric distribution is state owned and is utterly ineffective, the issue was raised by the IMF, a condition of further cash was the cam gov had to sort it out, that's why, in my opinion, the share price hasn't completely tanked.

[hashertu] 17/1/2018 11:33

hxxp://www.businessincameroon.com/electricity/1812-7646-cameroon-government-pays-cfa15-billion-out-of-the-cfa100-billion-owed-to-eneo

Don't know if this has been posted already, but.... Bit of background info.

[broncowarrior] 17/1/2018 11:18

Do BLVN still have enough cash to buy VOG out?

All academic really until this power and lack of cash on the part of the government issues is sorted out.

If they are not raising enough tax revenues to pay the power bills, then something is deeply wrong.

[highasakite] 17/1/2018 11:17

The infra structure alone in cameroon is worth twice the current share price.