Victoria Oil & Gas Share Discussion Threads

[peterpowell21] 22/2/2018 10:03

This from the last update is worrying.

Cash and cash equivalents at 31 December 2017 $10.4 million, net receivables $6.1m and net debt $14.0 million (31 December 2016: Net cash of $1.8 million)

That is after they had a placing for around $24m.
Where has all the money gone?.
Have the wells been paid for completely?
Well we know there is still work on LA-8 to get the gun out and to flow test it.
But that looks like it will never flow as there is no customers to take the gas anyway.
Looks like they have a few pound left in the bank to get by for a few more months.
Looks like they are not going to get any more money from the banks, so expect another placing soon. AIMO.

[fatnacker] 20/2/2018 08:24

creating an account just to post on this thread, repetitively ranting on to other posters, telling holders to sell up but didn't say he/she had sold themselves, mmmmmm

[highasakite] 19/2/2018 22:03

Abacus2

Looking at your posting history every post you have made since 6th Dec 2017 has been about VOG.

Guess you are a bit obsessed I would say.

LOL

Clearly you have some interest in this great company !!!!

[highasakite] 19/2/2018 21:50

Swimming against the tide is where the big rewards are to be made and I speak from experience.

[abacus2] 19/2/2018 21:41

Some how I don't think So, you are a fish swimming against the tide!

[abacus2] 19/2/2018 20:32

HAKJust out of interest do you really have any shares in vog, if so are you currently in profit?The majority of share holders are in a hole here and really don't know where to go with it , yet you still keep beating the drum.Are you Foo or Dik or just a deluded Dik head that thinks by talking it up you may get your money Back??

[highasakite] 19/2/2018 16:25

OK Prowler I am going to sell now.

[highasakite] 19/2/2018 16:08

of course he said "No" to you Prowler.

he wouldn't tell a clot like that sort of information.

Get a grip man.

[hashertu] 19/2/2018 15:18

Post 3745. Interesting last line. Can I ask what prompted you to write that?

[highasakite] 19/2/2018 12:45

Change the record Prowler.

[highasakite] 19/2/2018 11:58

Keep taking the medication Prowler. Look forward to seeing the website. LOL

[robbiekeane] 19/2/2018 11:38

To be fair Foo does tend to respond to shareholder emails. You might not like the vague answers but he will normally engage in correspondence.

[highasakite] 19/2/2018 11:29

Welcome back Prowler. Where you been hiding ?

[abacus2] 19/2/2018 11:15

The drilling program was supposed to be 40m and came in at 87m removing the the gun is estimated at 2 -3 m what do we think that's going to go up to?Unfortunately it seems that the management are almost blasia about spending large lumps of money on situations that really shouldn't have arisen, and seem to want to just keep patting each other on the back for what really can only be described as a total disaster!