Victoria Oil & Gas Share Discussion Threads

[alangrifbang] 10/3/2019 21:29

Yes John Jones is one,

[johncasey] 10/3/2019 19:42

hotncold..i know your game..signed up in 2018 and only 20 odd posts all on vog...you are a lurker my son with various other names..been outed!

[hermanngoring] 10/3/2019 19:42

Eno have made no guarantees about payment as they are not a customer of GDC.

ENEO are though.

[hotncold] 10/3/2019 19:32

Have Eno guaranteed payment yet? Remember we went for almost a year with Eneo taking our gas and not paying. Did you know this was happening at the time? NO I guess is the answer.

Can you guarantee they have paid us $1.00 since they have resumed taking gas NO is the answer.

Mark my words this dog is bust by the end of 2019.....

[hotncold] 10/3/2019 19:20

Are you stupid JC?

Yes, I said this because of the so-called full disclosure of information that was in the public domain at the time, look at what has happened since then. Stop ramping this dog and have some decency about you trying to suck more innocent people in.
This company has been nothing but a sham from the start with FOO and DIK at the helm.

[johncasey] 10/3/2019 19:01

i see why you are called hotn cold..lol!

hotncold19 Dec '18 - 20:59 - 43600 of 44520
0 1 0
I happen to think this is a super time to take a risk for a multi-bagger you just have to have balls of steel

[johncasey] 10/3/2019 18:58

hotncold...cant see how vog can go bust in 8 months having just raised £12m and ENEO back...and why would other zionists buy in like zion spa?

[hotncold] 10/3/2019 17:44

Subsequent Events

On 10 July 2018, the company issued 4,814,815 new ordinary shares to a supplier in lieu of a cash payment.



Going Concern

The Directors have given careful consideration to the appropriateness of the going concern basis in the preparation of the interim financial statements. There are a number of uncertainties which may affect the Company's ability to continue operating as a going concern, these are disclosed in Note 3 of the unaudited interim condensed consolidated financial statements.


The non-renewal of the grid power contract and the outstanding liabilities associated with the drilling programme that overran its budget have stretched the Company's available resources.


Having restructured the BGFI loan and taken further measures to preserve available cash resources and being reasonably assured of the ability to raising additional funding when required, the Directors are of the opinion that the Company will be able to continue operating for a period of at least 12 months after the date of reporting.


Looking Ahead

Company is focused on securing thermal and industrial power customers to increase gas sales. There remains a shortfall in power supply in Cameroon, with hydroelectric schemes not meeting current demand and GDC remains the only domestic gas producer to supply natural gas to grid power producers. Advanced discussions with a number of customers is expected to lead to signing of industrial power gas sales agreements in the near future.


Maintaining sufficient liquidity and meeting the Group's obligations as they fall due will enable the Group to remain in position to benefit from the considerable upside potential which exists in the Cameroonian energy market.



Principal Risks and Uncertainties

The Board determines the key risks for the Group and monitors mitigation plans and performance on a monthly basis. The principal risks the Group has identified for the next six months are summarised as follows:

· Operational risk: Inability to sign grid power gas sales agreement with ENEO or other power generating companies

· Other operational risks: HSE and security incidents, title and licence risks, well/process plant/pipeline integrity risks, reliance on key customer risk

· Financial risk: Ability to fund the Company with available funds, debt, operational cash flows and other sources

· External risks: Capital constraints, global economic volatility, commodity price risk, legal compliance regulatory or litigation risk, adverse market sentiment, political and country risk

· Strategic risks: Investment decisions, inadequate resources and reliance on key personnel

· Other financial risks: Funding risk, counterparty credit risk, management of costs and capital spending, tax risk

A more detailed listing of risks and uncertainties facing the Group's business is listed on page 24 of the Report & Accounts to 31 December 2017, which is available on the Victoria Oil & Gas Plc website: www.victoriaoilandgas.com.



Directors' Responsibility Statement

The Directors confirm that to the best of their knowledge that the unaudited interim condensed consolidated financial statements have been prepared in accordance with IAS 34 'Interim Financial Reporting'.

Movement in Directors during the period is discussed in the Corporate section of the Chairman's letter. A list of the current Directors is available on the Company's website: www.victoriaoilandgas.com.



Andrew Diamond

Finance Director

28 September 2018

[hotncold] 10/3/2019 17:30

Think we have to be very careful here. Can't remember which one but in a recent RNS DIK stated that we have one more fundraiser before he decides if it's a viable business. My guess is we have about 8 months before VOG goes bust and our new found mates sweep up the company cheaply.

This whole company needs investigating, in my opinion, Kevin FOO has led everybody a merry dance for years he is now bowing out before the finale. Dik will be nice and safe over in the UAE and bobs your uncle YF finance pick up the whole lot for a handful of peanuts.

I once said on here that FOO plans two years ahead IMHO everything here is planned and all small shareholders have been the victims of greed.

[johncasey] 10/3/2019 17:14

i bet we get a good sum now for west med..that will fund the new drilling..makes you wonder if the stuck drill was a ruse to destroy the share price so these crooks can buy in low..

[johnmp] 10/3/2019 17:10

They invested in VOG at a song.

I expect now VOG to move up to 25 p.
I expect good news about the income and maybe the back payment?
I expect the open case against VOG to now drift away?

VOG even has money to drill in the new field?

[johncasey] 10/3/2019 16:48

i'd like to know what kevin foo thinks about all these paradise island geezers investing in our little old vog...i think Zion SPA is another one of them...so they must think vog is worth investing in then?

[johncasey] 10/3/2019 16:19

is Askar jewish by anychance?

[johncasey] 10/3/2019 12:16

dont forget vog still have an asset in kazakhstan i ..its all making sense now

KEMERKOL
In the 2009 Annual Report and Accounts, the Directors made a provision of $35.5 million against the carrying value of the Kemerkol asset subsequent to our licence being revoked by the Economic Court of the Atyrau Oblast of Kazakhstan. We continue to fight our corner within the constraints of the Kazakhstan legal system and still remain hopeful of a positive outcome but Kemerkol’s long-term economic importance within Victoria’s overall portfolio of assets has been minimised.

[alangrifbang] 10/3/2019 12:14

John,I wonder if foo will pay back all the money he has robbed off all of us,very good post ,perhaps if someone buys us out ,it could be run properly

[johncasey] 10/3/2019 11:54

he's awash with money..

Morgan Stanley targets St Petersburg shopping mall

MAIL PRINT
ST PETERSBURG. US investment bank Morgan Stanley is set to acquire St Petersburg’s largest shopping mall, Galleria, for about $1.1bn, through its Morgan Stanley Real Estate Investing (MSREI) G7 Fund.
It will buy the asset from private equity firm Meridian Capital, owned by former senior executives at Kazkommertsbank, Yevgeny Feld and Askar Alshinbayev.
The transaction, to be completed within the next few weeks, would be the largest single property sale in Russia.
The 1m sq ft shopping area is occupied by 300 retailers.

[alangrifbang] 09/3/2019 20:22

Good for you,I've been retired for over 20years to late for me now,I don't have a single living relative but have loads of friends,

[johncasey] 09/3/2019 20:03

alangrifbang..thats what they said about QXL when it was 0.2p... the time is to buy now,i'm buying as many as i can afford at this price for my retirement fund

[alangrifbang] 09/3/2019 20:01

You must be the only person that didn't know John,I wish him a speedy recovery but I new want to hear he has any part in the future of this share ,he has robbed us blind over the years ,I won't invest another penny here,I have 250 000 shares and have a break even point of 91p ,at 80 years old I will never see this come good,

[johncasey] 09/3/2019 20:01

or maybe he left because 13p job done...now for the takeover ;-)