Victoria Oil & Gas Share Discussion Threads

[dan de lion] 28/1/2019 15:37

Did you include condensate?

[mjones727] 28/1/2019 15:33

Who knows.

[dusty101] 28/1/2019 15:31

Not wishing to sound stupid but could this drop be down to the Eneo payment terms. Ie have we been payed, assuming it’s monthly which would be around now. Non payment they would have Vog by the short and curlys. Just a thought.

[mjones727] 28/1/2019 15:09

dan de lion

I get it to about $20 million a year based on $16 thermal , $13 ind power and $6.75 ENEO.

[mjones727] 28/1/2019 15:03

More debt fiannce rather than a placing ?


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.

[dan de lion] 28/1/2019 14:53

Assuming that average usage is 10mmscf`s then VOG`s share works out at approx. $21 million per year, I reckon.

[mjones727] 28/1/2019 14:34

Operationally VOG doing great.

Average 10 mmscf/d recently reported.

[larry laffer] 28/1/2019 14:29

Wait until the crisis has passed or the rumour turns out to be true. Either way your shares will be cheaper than the current share price

If it is a placing it will drop to the placing price.

If it isn’t a placing and it is some other crisis then it will drop even further.

This just doesn’t look like simply a journo rumour.

[m5] 28/1/2019 14:26

I would keep your money in your pocket until the waters clear.

[philippem] 28/1/2019 14:22

I am just sad that I don't have spare cash at this price.

[smokyjoe] 28/1/2019 14:10

I think some confirmation VOG is currently operating on a positive cash flow basis would allay some concerns.

[mjones727] 28/1/2019 14:09

Based on 10 mmscf/d average now VOG do not need to do a placing short term.

I don't expect one.

If there is one it would be for very little

[m5] 28/1/2019 14:08

Already done mine.

[specul82] 28/1/2019 14:07

Everyone on this board should be emailing or calling VOG to get answers on the company funding for the next 6 months

[dusty101] 28/1/2019 14:07

God this share certainly is testing the patience for some, me included. Contrary to what the market rumours are I agree with mjones727 as why do Vog need to do a placing now. Yes they need cash but they have just signed a 3 year deal with Eneo. Assuming it’s monthly payments plus the other paying customers then Vog can sit this short term crisis out. One assumes that there will be no issues with Eneo payments. Get the share price back to the 30/40p range then do a placing if more money is required for future projects/plans that enable Vog to expand the business.

[specul82] 28/1/2019 14:05

Ripe for a takeover

[m5] 28/1/2019 13:55

Yep, absolutely stinks.

[m5] 28/1/2019 13:31

Lets see what happens, I am afraid I know what I think, down another 11%. There is always a reason.

[deanroberthunt] 28/1/2019 13:29

How often should they release an RNS ?

only to refute an official release in the press.....

[m5] 28/1/2019 13:17

Daily basis? I have not seen any. This is not normal share price activity.

[mjones727] 28/1/2019 13:14

There are rumours of a placing on a daily basis. How often should they release an RNS ?

[m5] 28/1/2019 13:13

So since the last "positive" RNS the price has dropped over 40%, there are rumours of a placing and the Company should not comment? Really?

[mjones727] 28/1/2019 12:47

No they shouldn't.

They can't release an RNS every time a rumour of a placing is published somewhere.