Victoria Oil & Gas Share Discussion Threads

[fastballfifty] 26/12/2018 12:33

These were £2.50 A long time ago

[blakieboy7] 26/12/2018 09:53

I'd imagine this won't start to motor northwards until jan 2nd any beyond

[johncasey] 26/12/2018 08:42

fission..dont ask silly questions...just fill ya boots tomoro..everyone knows in the city vog is going skywards..it will be the share of 2019...Foo is d'man

[fission453] 26/12/2018 08:25

What factual evidence Tem?

[johncasey] 25/12/2018 12:18

lets face it we hit over 80p not so long ago and now vog's prospects are far better..i can see shareprice going 10x todays value or 240p...this is not a ramp but based on factual evidence

[blakieboy7] 25/12/2018 11:33

Proactive investors suggests 8.8 - https://www.proactiveinvestors.co.uk/companies/news/211708/victoria-oil--gas-subsidiary-gaz-du-cameroun-to-resume-gas-supply-to-logbaba-power-station-211708.html

[mjones727] 25/12/2018 11:31

h ttps://www.proactiveinvestors.co.uk/companies/news/211708/victoria-oil--gas-subsidiary-gaz-du-cameroun-to-resume-gas-supply-to-logbaba-power-station-211708.html

[mjones727] 25/12/2018 11:28

The way I think it actually reads is that without ENEO they were expecting to do 5 scuffs (ish) by year end ( from the Oct update ). So if the ENEO contract is extra and it is 4.88 scuffs, then it follows that.

5 + 4.88 = 9.88 scuffs at year end.

If there is a different interpretation I would be glad to hear it.

Merry Xmas to all.



Larry your point is exactly what I thought. I have contacted VOG to get clarification.

I thought like you if the ENEO contract is extra and it is 4.88 scuffs, then it follows that.

5 + 4.88 = 9.88 scuffs at year end.

[alangrifbang] 24/12/2018 20:46

Have held these for donkeys years,but cannot get so exited as all of you when you look back over the years there hasn't been much to be positive about,I hold 200000 shares and am carrying a huge loss,good luck to you all,

[johncasey] 24/12/2018 20:24

rise will be rapid now... 80p easily achievable but i can see it going alot higher now..happy days!

[larry laffer] 24/12/2018 18:06

Hashertu


The way I think it actually reads is that without ENEO they were expecting to do 5 scuffs (ish) by year end ( from the Oct update ). So if the ENEO contract is extra and it is 4.88 scuffs, then it follows that.

5 + 4.88 = 9.88 scuffs at year end.

If there is a different interpretation I would be glad to hear it.

Merry Xmas to all.

[fortune cookie] 24/12/2018 17:47

sparky registered name is Philip Wasley

[hashertu] 24/12/2018 17:23

LL.

4mm scfd is the average daily supply over the year to date, not the exit rate.
4.88mm scfd is the minimum average daily supply that ENEO have committed to take (and hopefully pay for) each year.
It doesn't seem unreasonable to me to compare the two numbers.
If they are currently achieving higher rates, that can only bode well for the future.

[donkad] 24/12/2018 17:09

Must be north of 50 within 2 days of the market reopening after Christmas! At last some good news, a lot more coming over the next 6/9 months. What are the bets?

[mjones727] 24/12/2018 12:32

MALCY

Victoria Oil & Gas

Christmas has come a day early for long suffering shareholders in VOG, nearly a year after ENEO pulled the rug and a new, better contract has been signed. Increasingly long power-outs leading to unrest and industry protests has meant that VOG is now in a stronger position than before and that is not including the changes to the business model that the company have made since the original contract was lost.

This long term gas supply contract with ENEO, due to last for three years, gives stability and higher prices all the year round rather than the old one which moved sharply from season to season. GDC will deliver peak quantities of 6.1 mmscf/d to the ENEO Logbaba power station with a minimum base load of 80%, 4.9 mmscf/d as a take or pay over the year which will increase current daily gas average consumption by more than 100% to approximately 8.8 mmscf/d. Prices are $6.75 up to $6.95 per MMBtu which increases over the contract term. The is even some potential upside from this as ENEO’s 20 MW Bassa Power Station in Douala also offers ‘a platform for further gas sales opportunities’.

2018 will be best forgotten for VOG and its shareholders, whilst the management has always been confident that a resolution would be reached many milestones passed without restoration of the contract. The really good news is that not only have they got a pretty solid three year deal, they have been upgrading the business margin in the remainder of the company’s commercial areas. In absence of the ENEO contract local companies have tied in to GDC gas for a variety of needs such as thermal and industrial power needs where new customers have been brought on stream. Add to that the potential for the CNG developments with Naturelgaz and once again VOG should be in a very strong position.

[mjones727] 24/12/2018 11:59

38:50 onwards

[neo26] 24/12/2018 11:53

Great news for vog holders.

[mjones727] 24/12/2018 11:47

I can explain that.

H2 July-Dec 2017 is in the dry season so only 3 mmscf/d minimum take or pay from ENEO + thermal = 7.94 average


Average now is about 5 mmscf/d thermal/id power + ENEO of 6.1 on full 30Mw load = 11 ish

or 5 + 4.88 minimum take or pay from ENEO = 10 ish

[hashertu] 24/12/2018 11:41

mj. RNS 22 Oct gives 7.9mm cfd for Q4 2017.
11 is a big increase in my book.

[mjones727] 24/12/2018 11:25

Average now is about 5 mmscf/d + ENEO of 6.1 on full 30Mw load = 11 ish

Similar to the end of 2017

[hashertu] 24/12/2018 11:17

Good news.
Also, compare production rate quoted today (approx 4mm cfd average for year) with the last operations update on 22 Oct.
Suggests Q4 production was significantly better than the previous 3 quarters.

[smokyjoe] 24/12/2018 11:02

Well done all those who held their nerve, myself included. Sure has been a testing few months but hopefully we're on the up from here on in. Merry Christmas!

[ksaund] 24/12/2018 10:01

Ken Saunders registered