Victoria Oil & Gas Share Discussion Threads

[a44] 06/6/2018 08:54

Should be on the hunt for a new B.O.D.

[highasakite] 05/6/2018 19:14

htt p://www.proactiveinvestors.co.uk/companies/news/191757/vog-on-hunt-for-long-term-contracts-after-reserves-upgrade-191757.html

[nicky21] 05/6/2018 17:54

Guys you really need to check out COPL currently to buy 0.55p.

A potential to be a multi baggar.It tried its luck in Liberia but failed to find any Oil.It is now concentrating in Nigeria.There it has partnered with Shoreline a Nigerian company.
Copl and Shoreline have ventured together and created a company called Shorecan which is owned 50/50 by both.They have bidded for a Licence and are awaiting Approval and Transfer of Asset.
The asset is OPL 226.Five wells have been drilled on OPL 226 by previous operators.A well drilled in 2001 encountered Oil.
When all approvals are sorted then it will drill an appraisal well on the discovery in 2001.Financing for the drilling is meant to be secured for rumours are true.

What is holding the share price back presently is NNPC approval.

$60m was spent on this asset by the previous operator.the potential for Copl is huge.
I know most of you gonna say its another Nigerian scam.IMO i think it is not.Presently we have 2 Nigerian companies listed on the LSE they are Egland Oil and Gas (market cap £250m) and Seplat Petroleum (market cap £850m)

Copl management wants it to be a mid tier oil and gas company ie £250m-£500m

All to play for.Current market cap for Copl is just under £10m.I think its one of the best plays on the LSE.

[maloneyt] 05/6/2018 13:14

Why keep a NE Chairman of a company that's gone into administration. Lets hope his presence doesn't cause the same to VOG ????

[sleveen] 04/6/2018 15:28

All gassed up and no place to sell.

[fatnacker] 04/6/2018 14:44

3waysout, if all you want to do is whine there's plenty of threads where you'll be made to feel welcome, why don't you question the integrity of the governance directly with Malcy or the directors of the company, let us know how you get on.

[highasakite] 04/6/2018 14:21

So Malcy/VOG Directors are responsible for the Cameroon government not paying their bills ?

[3waysout] 04/6/2018 14:17

Shameless propaganda from Malcy...he was positive when this stock was trading in the 80s. And has never questioned the integrity of the governance in place, leaving aside for now the delusional notion that there is a market that pays an economic return in Douala to start with. Logbaba all of a sudden is gushing with reserves. No end to the self-humiliating situation VOG has put itself into. This needs a thorough clean out or a disorderly wind down. It'll be handed back to the Government via an administrator in due course.

[highasakite] 04/6/2018 13:35

MALCY TODAY:


Victoria Oil & Gas

VOG has announced a Logbaba field reserves update of significant proportions. 1P reserves of 69 bcf is an increase of 29 bcf or 73%, field remaining 2P reserves are up to 309 bcf up 106 bcf or 52% and the reserves/production ratio is now 10 years at 90 mmscfd which supports growth in the Douala market as well as new long term gas contracts. This security of supply to long term buyers of gas will enable VOG to enter contractual negotiations with companies and generators safe in the knowledge that they will be able to deliver.

Whilst it has a been a difficult year following the ENEO problem VOG are getting themselves into a very strong position in Douala. Businesses, more eager than ever to have a reliable, long term contractual supply of gas will like this news and competitive power generators will thrive also. VOG is likely to end up with a bigger, stronger and higher margin business extremely well placed to satisfy the inevitable growing needs of Cameroon.

[deanroberthunt] 04/6/2018 12:42

but since you speak Romanian you'll be fine....

[deanroberthunt] 04/6/2018 12:40

full riot gear would be better, if your budget can stretch...

[deanroberthunt] 04/6/2018 12:39

yes...and don't speak English as they'll know you're a foreigner

[highasakite] 04/6/2018 12:32

drh

Do I need to buy a stab vest for my Londonistan AGM visit ?

[highasakite] 04/6/2018 10:23

"Importantly, this will now enable us to market larger volumes of natural gas on a longer term contractual basis to buyers, providing them with the security of supply they require. We are actively negotiating Gas Sales Agreements for these projects and we will provide updates when appropriate."



Haven't we heard all this before ?

[highasakite] 04/6/2018 10:21

Thinking about buying s stab vest before my visit to Londonistan. Where can I buy one ?

[baticle] 04/6/2018 07:53

Agreed Fatnacker , Reading the last update I would assume their getting on with that, It doesn't necessarily have to be ENEO they sign up with... there are other gas to Power consumers, with the price of oil rising and predicted to rise further I'd like to think a few Heavy Oil consumers would be Switching to Gas too, It's more manageable, Cleaner and Cheaper, Go VOG

[fatnacker] 04/6/2018 07:10

Nice reserves upgrade, just need to sign the big consumers, everything hinges on that.

[deanroberthunt] 01/6/2018 15:03

could we have all time lows soon....today even ...erk!

[deanroberthunt] 01/6/2018 14:39

they were lucky they got that big placing away.....or was it....luck? err....lol

[deanroberthunt] 01/6/2018 14:36

clue.....ethnicity