Victoria Oil & Gas Share Discussion Threads

[johnmp] 29/1/2019 07:45

agree with -

“ currently is assessing various potential funding options.”

though standard for all AIM companies.

Yet, says now 2m in (how much out? though in November were much lower? and share price much higher).

[fatnacker] 29/1/2019 07:38

"brainless" now there's a word.

[johncasey] 29/1/2019 07:36

so vog could be generating £24m a year and market cap just £19m...err hello someone got the share price hopelessly wrong..hello MMs are you totally brainless?

[baticle] 29/1/2019 07:34

There's also the insurance claim for £24 Mill

[johncasey] 29/1/2019 07:33

funding options could mean sale of west med...got me?

[baticle] 29/1/2019 07:32

It's a big operation this.... maybe a bond issue or something would be one funding alternative...they certainly have the assets

[johncasey] 29/1/2019 07:32

well if AST can jog along on £150k a month i'm quite sure VOG can on £2m a month..what was all the panic about?

[heialex1] 29/1/2019 07:30

I have a small holding so want it to go up, but I'm not sure I agree with your reading of the RNS. " currently is assessing various potential funding options."

[baticle] 29/1/2019 07:30

Good Job I bought more Yesterday

[fatnacker] 29/1/2019 07:30

Sleveen 12 month @$2million = $24million, what were the cost of sales last year? Certainly not $24million, walking a fine line admittedly but it looks like kf,s pulled another rabbit out of the hat.

[kirk 6] 29/1/2019 07:28

Definite bounce today atleasr

[fatnacker] 29/1/2019 07:25

Sleveen, no plans for a fundraising at this time and income looking good.

[bigsi2] 29/1/2019 07:22

Oversold and currently hugely undervalued

[sleveen] 29/1/2019 07:17

Current gas and condensate production levels provide estimated monthly net revenue of approximately $2.0m at 12 mmscfd.


----->How much cash is actually being generated? What are the total costs of production probably towards $2m so not much cash being generated.

[kirk 6] 29/1/2019 07:11

Back to 20p then

[fatnacker] 29/1/2019 07:10

No plans for a fundraising currently and income projections looking good.

[sleveen] 29/1/2019 06:44

assuming VOG hit 10p shortly, so did VOG im March 2017 on a major ramp campaign, which I warned about at the time.

[johncasey] 29/1/2019 02:10

if ascent resources can get a bid then im sure vog can...ascent 8 bagged a few years back

[mjones727] 28/1/2019 22:08

Come back from Spain Prowler ans run the company.

[alangrifbang] 28/1/2019 21:38

I won't be selling John but a takeover would be music to my ears,someone who would run this company properly,

[johncasey] 28/1/2019 21:33

sorry guys at £19m market cap there will be a bid for the company very soon..absolute sitting duck...thats why Nimmo did the Mail article...paid off i reckon to scare investors into selling

[mjones727] 28/1/2019 21:09

Victoria Oil & Gas Plc1,

6 Speculative Buy

VOG-AIM

Intraday:

£0.28

October 22, 2018 Target: £0.85

FLASH: 3Q18 operations update

Slow sales ramp-up but increased visibility for 2019
 3Q18 gross gas sales were 3.72 mmcf/d (GMP FEe: 5 mmcf/d), up 11% on
2Q18. Importantly gross gas sales for the week ending 19/10 were 4.6
mmcf/d with peak consumption of 5.6 mmcf/d.
 The company now expects production to reach at least 5 mmcf/d by YE18
(previous guidance of 7.8 mmcf/d).
 In the power segment, Victoria has completed negotiations with 11
customers and signed gas sales agreement with four customers. New power
customers could add 1 mmcf/d gross sales by YE18 (at US$13/mcf). 18 gas
to power customers could be online by YE19 consuming over 4.5 mmcf/d
with 10-year commitment and no seasonality. During 3Q18 the power
segment currently contributed only c. 0.16 mmcf/d
 The CNG market is estimated at a total of 4 mmcf/d for thermal (2 mmcf/d) and industrial power (2 mmcf/d).
Market reaction: slightly negative
 Slightly negative on low gas sales over 3Q18 and lower YE18 target which probably reflects a delay in adding new
customers. 7.8 mmcf/d gross sales is now expected to be achieved in 1Q19.
 The peak gas sales of 5.6 mmcf/d are however encouraging and the level of granularity provided on the power segment
in 2019 is welcome.
Recommendation: Speculative Buy rating and £0.85 target price
 We continue to believe that the future share price performance will probably be closely tied to the outcome of the
negotiations on the ENEO contract
 Our target price is based on our ReNAV.

[hashertu] 28/1/2019 20:42

mj. This is a lot of 25k. Might be the source of the shares.

"On 10 July 2018, the Company issued 4,814,815 Ordinary shares to a supplier in lieu of a cash payment"