Victoria Oil & Gas Share Discussion Threads

[alangrifbang] 27/1/2019 14:47

I posted this two weeks ago and thought it would be 15p,I was pounced on for dare saying it! Can't think they will get more than 10p now ,I wish it could be taken over by a company that would run it for the shareholders and not themselves,this is a good company with loads of prospects,but they have had disaster after disaster after disaster,

[m5] 27/1/2019 13:37

Not literally. It's an article about them looking to raise extra money. So now we know the reason for the share price slide. Begs the question at what price.
Company need to issue a statement tomorrow.

[dusty101] 27/1/2019 12:42

I haven’t seen this yet but a mates has texted me to say there is an article in the Daily Mail about Vog’s wells running dry. Don’t know if this is true or not. Could explain the reason for the share price dropping. I thought we had enough Gas resources for years ahead to supply Customers/ Power Stations/ etc etc.

[johncasey] 26/1/2019 16:47

its africa..what d'ya expect...bad payers

[alangrifbang] 26/1/2019 16:45

It's certainly not me,at this level it is a very strong buy or something is very wrong,

[mjones727] 25/1/2019 20:30

Someone offloading at any price.

[dusty101] 25/1/2019 20:28

If it’s a persistent seller I assume it’s a Institution selling. Surely not PI’s as they must be at a loss. Patients required here.

[mjones727] 25/1/2019 20:14

persistent seller

[dusty101] 25/1/2019 19:39

I have to say with all the recent good news this is way undervalued. But why. What dose the market know that we don’t. Gas sales up/ new Power Station contract, more to follow/running costs slashed/West Med sale/Insurance Claim/CNG project/ restructuring the Bank loan/etc etc. Has the market priced in a placing that we may not need. Certainly not in the near future so we’re told.

[mjones727] 25/1/2019 15:54

I thought the same at 30p !!!!!

[broncowarrior] 25/1/2019 15:43

This now looks too cheap IMO.

[dusty101] 25/1/2019 12:23

Come on Vog let’s see if we can end the day in the blue for a change. Plenty of good news and positivity from the board.

[hopeful holder] 25/1/2019 12:19

I keep telling myself that VOG will come good as eneo back and gensets on the up but with purchased at75p and 28p I have a poor judgement of buying at the right time.Just hoping this will pick up again. Perhaps once we aee mo is from ENEO in the accounts and genset customers revenue steady, then market sentiment may return - buy it's a hell of ride...

[mjones727] 25/1/2019 12:17

Cheaper smaller UK office.

Well done VOG.

[mjones727] 25/1/2019 12:00

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[deanroberthunt] 25/1/2019 11:58

or forward selling

[mjones727] 25/1/2019 11:54

m5

Someone dumping still.

[m5] 25/1/2019 11:43

This is just edging down and down so something is occurring. Time will tell.

[mjones727] 25/1/2019 10:23

Coupled with massive admin expenses cut (-55% in H1 2018)
Zero capex (CNG partmer paying for capex of plant)
Nothing required on matanda for at least 2 years (farm out a portion?)
Insurance settlement soon ?

What do VOG need money for short term ?

Also don't forget this statement in the annual results:

The Company had made applications for an
additional debt facility with local banking
institutions in Cameroon during the second
half of 2017. With ENEO suspending the
consumption of gas on 1 January 2018,
management decided to place the applications
on hold until the matter was resolved.

[fatnacker] 25/1/2019 10:17

No I wouldn't

[deanroberthunt] 25/1/2019 09:44

you'd argue in an empty room.

[deanroberthunt] 25/1/2019 09:44

the 18th is more specific than a few weeks, with the latter being debatable....

[fatnacker] 25/1/2019 09:38

not sure why you think a placings needed drh, there's no capex spending plans currently and income is keeping things ticking over, even more so with the power contract resumption, further borrowing is a more likely scenario.