Victoria Oil & Gas Share Discussion Threads

[fatnacker] 18/1/2019 09:47

not me, yet.

[mjones727] 18/1/2019 09:47

The MAX borrowing VOG can have with BFGI bank is $26 million = £20 million

They haven't even reached the limit yet.

Market cap today is £26 million

So how on earth is this statement you made true "plus they have debt in excess of the current mcap" ?

Did you go to the Diane Abbott school of Maths ?

[deanroberthunt] 18/1/2019 09:43

50k @ 17.85, is that our boy building a position?

[deanroberthunt] 18/1/2019 09:29

splitting hairs

[mjones727] 18/1/2019 09:24

The MAX borrowing VOG can have with BFGI bank is $26 million = £20 million

They haven't even reached the limit yet.

Market cap today is £26 million

So how on earth is this statement you made true "plus they have debt in excess of the current mcap" ?

Did you go to the Diane Abbott school of Maths ?

[deanroberthunt] 18/1/2019 09:16

No, they are not untrue.

[deanroberthunt] 18/1/2019 09:15

I prefer the former...

[mjones727] 18/1/2019 09:12

A lot of brokers look at 2P reserves / EV ratio

On that valuation VOG is as cheap as chips and one of the cheapest plays in the sector.

[deanroberthunt] 18/1/2019 09:03

it will be interesting to do an EV/EBITDA calculation at next financials....now the gas to power has been reinstated.....that's a proper guide to how cheap or not a company is......

[fatnacker] 18/1/2019 09:00

Indeed not but all things considered the risks are hugely reduced

[deanroberthunt] 18/1/2019 08:49

...simply put, it's by no means a slam dunk low risk play, even down here

[deanroberthunt] 18/1/2019 08:26

that's not the point I'm making....deflection, are you a lefty liberal aswell

[fatnacker] 18/1/2019 08:24

Just a shame you didn't know what was on the cards when the share price was 80p, bit pointless claiming to be right after the event.

[deanroberthunt] 18/1/2019 08:23

be careful Fatty, Foo reminds me of the tale of the scorpion and the frog crossing the Wouri river....

[deanroberthunt] 18/1/2019 08:17

80p to 17p, who's right....I think the market agrees with my case more than yours, presently

[mjones727] 18/1/2019 08:10

"West Med is worth little
Plus we now have the OECD claim against VOG."



wrong again.

West med is worth a lot more than "little"

OECD have made no claim against VOG either. They are involved in bringing the 2 parties together for mediation. Nothing more and nothing less.

Please stop making things up drh.

[deanroberthunt] 18/1/2019 07:28

@Drewster

the issue is the business model, is the demand really there, is the location stable enough?