Victoria Oil & Gas Share Discussion Threads

[dil 21] 17/11/2021 08:32

When , it’s like watching paint dry waiting for these to go up.

They got any more rabbits they can pull out of the hat ?

[philjeans] 17/11/2021 07:34

"Closing deals only" at IG.

They all know this is going UP - BIG TIME!

BUY.

[speny] 17/11/2021 07:26

JC do you use the Fairytale brokers Ltd to place your spread bets??

[johncasey] 16/11/2021 22:07

doesnt cost much to have a £500 spread bet long....about £400 deposit

[dusty101] 16/11/2021 21:41

Nope. All spare funds going into JLP.

[spartyl] 16/11/2021 21:31

average down you monkey

[dusty101] 16/11/2021 21:28

65p breakeven for me. Unfortunately I’ve a 200,000 holding.

[johncasey] 16/11/2021 21:10

even o.5p will see us back to just 20p..this could be a very explosive ride now

[johncasey] 16/11/2021 21:09

14 years of waiting .. 250p down to 0.1p now..yes folks in old money we are just 0.1p before 40/1 consolidation

[dusty101] 16/11/2021 20:43

Not another freebie at the shareholders expense.

[johncasey] 16/11/2021 19:06

why doesnt malcy fly out to cameroon like he did last time..only difference this time we have a ceo worth talking to..

[spartyl] 16/11/2021 17:31

MALCY TODAY

VOG

Victoria Oil & Gas has updated on Logbaba well La-108 where perforations have been successfully added to well La-108 safely and under budget. As a result, an additional 42m of net pay has been added in the Upper Logbaba Formation in the well and in the first few days of production, the well has supplied up to 5.7 MMscf/d of production (all that has been needed), with a flowing wellhead pressure of over 200 barg (a unit of pressure).

The gas currently being produced from well La-108 has a Calorific Value (CV) that is about 4% higher than the Logbaba Field average, and the condensate is slightly lighter than the field average. In the short-term we expect that only these new upper perforations will flow until there is pressure equalisation with the lower perforations. It will take some time to acquire sufficient data to determine how the well will perform over the long term, and we will provide further updates when we have a better understanding of the reservoir as a whole.

Roy Kelly, CEO of VOG said:

“I am absolutely delighted with this result, delivered safely and efficiently by our excellent team of staff and contractors, which included a local oilfield services company providing the wireline services. We saved time, money and any environmental risks by omitting any testing to flare, and the well was handed over to the production department straight after the perforating phase.

Only now do we have all sands in the development wells perforated, which will eventually allow us to gain a clearer understanding of deliverability and reserves from the current well stock. This takes time but is necessary to ensure we get supply-side forecasts right going forward; as we have seen, there is huge variability in the performance of the wells.”

VOG has been working towards this positive news with a great deal of work being done behind the scenes. It looks to have been a monumental effort by the new team and they have been careful not to over promise and under deliver, indeed this is the first time the market has translated news in the market into serious share price growth.

Readers know that I have followed VOG for a very long time and it has tested the patience of investors and myself alike but now it looks like a more positive stance on the company is justified, maybe even that interview with CEO Kelly…

[johncasey] 16/11/2021 17:29

Natural gas prices in Europe soar as Germany suspends approval for Nord Stream 2 pipeline

Posted by Teo Blašković on November 16, 2021 at 13:12 UTC (4 hours ago)
Categories: Energy, Featured articles

Natural gas prices in Europe soar as Germany suspends approval for Nord Stream 2 pipeline



Natural gas prices in Europe soared again on Tuesday, November 16, 2021, as the German Federal Network Agency -- Bundesnetzagentur -- suspended the process of certifying the new Russian gas pipeline called Nord Stream 2.

The pipeline was completed in September 2021 and is designed to bypass Ukraine and connect Russia directly to Germany.
With about 40% of natural gas in EU coming from Russia, leading energy traders have warned of the risk of rolling blackouts in Europe in the event of a colder than average winter.
In a statement issued today, Bundesnetzagentur said it would only be possible to certify an operator of the Nord Stream 2 pipeline if that operator was organized in a legal form under German law.1

"Nord Stream 2 AG, which is based in Zug, Switzerland, has decided not to transform its existing legal form but instead to found a subsidiary under German law solely to govern the German part of the pipeline," the agency said in a statement. "This subsidiary is to become the owner and operator of the German part of the pipeline. The subsidiary must then fulfil the requirements of an independent transmission operator as set out in the German Energy Industry Act (sections 4a, 4b, 10 to 10e EnWG)."

The certification procedure will remain suspended until the main assets and human resources have been transferred to the subsidiary and the Bundesnetzagentur is able to check whether the documentation resubmitted by the subsidiary, as the new applicant, is complete.

"When these requirements have been fulfilled, the Bundesnetzagentur will be able to resume its examination in the remainder of the four-month period set out in law, produce a draft decision and deliver it to the European Commission for an opinion, as provided for in the EU legislation on the internal market."



Credit: Nord Stream 2

European gas futures prices gained 10%, piling on the pain for businesses and households already paying much higher bills.2

Natural gas prices have rocketed this year in Europe3, where gas plays an essential role in power generation and home heating.

With about 40% of natural gas in EU coming from Russia, leading energy traders have warned of the risk of rolling blackouts in Europe in the event of a colder than average winter.

The decision comes at a time of rising tension between the European Union and Russia over Ukraine and a migrant crisis on the Belarus-Poland border.

[dusty101] 16/11/2021 17:11

Wow just read today’s update. Well done Mr Kelly, finally Vog are ticking the right boxes. Interesting to read the Vog have been using local experienced engineers, people who actually know what they are doing. Shame Vog didn’t do that on the most expensive drill in the world that almost financial crippled them. Definitely light and the end of the tunnel here. Looks like we won’t see an share price of 1p after all.😁

[spartyl] 16/11/2021 16:49

You never leave your hut taffy

[dil 21] 16/11/2021 16:45

I wanted to go out tonight , ffs spartyl !!!

[spartyl] 16/11/2021 16:27

10p tomorrow then

[johncasey] 16/11/2021 16:08

plus cold polar vortex coming could go as far south as cameroon...gas prices well up today

[dil 21] 16/11/2021 16:02

So that’s 7p , you told me they were going to 10p …geez

[spartyl] 16/11/2021 15:51

I expect a significant 1P, 2P and 3P upgrade.

[philjeans] 16/11/2021 15:41

Roy Kelly, CEO of VOG said:

"I am absolutely delighted with this result, delivered safely and efficiently by our excellent team of staff and contractors, which included a local oilfield services company providing the wireline services. We saved time, money and any environmental risks by omitting any testing to flare, and the well was handed over to the production department straight after the perforating phase.

Only now do we have all sands in the development wells perforated, which will eventually allow us to gain a clearer understanding of deliverability and reserves from the current well stock. This takes time but is necessary to ensure we get supply-side forecasts right going forward; as we have seen, there is huge variability in the performance of the wells."