Victoria Oil & Gas Share Discussion Threads

[dusty101] 03/2/2022 21:46

Fancy forecasts they certainly was.
44 million scuffs pday by 2014.
100/150 million by 2021/22, lol.
Remember these Foo fantasy lines.
“Build it and they will come” and “hungry for our gas”. Lol, the thieving barsteward.

[jaystevens1] 03/2/2022 21:26

Foo trotted out fancy forecasts. They were just fancy forecasts.

[dusty101] 03/2/2022 20:42

Plenty of people including myself bought many shares in Vog/Gdc on the information provided, attended the Agms on a regular basis and had many conversations and emails from Kevin Foo. Yet as Dannythelark says, they were all lies and misleading. Foo is a conman end of imo. Dik, Reed, etc etc didn’t give a toss as they we’re taking massive salaries. Hopefully Rory can recoup something here for the longterm holders.
With a name Larry Laffer, I’d bet you like to rent ffs.

[jaystevens1] 03/2/2022 15:03

41 cutomers connected via the GDC pipeline.

Only 30 ish using gas at anyone time.

Good to see you show so much interest in VOG though loser.

[dannythelark] 03/2/2022 12:40

He tucking would if I got my hands on him.

[larry laffer] 03/2/2022 09:12

Danny

You are beginning to sound like a bit of a rent boy.

[biggie3] 03/2/2022 08:33

Would Foo be scared?

[dannythelark] 02/2/2022 22:27

If I’m to be honest I’d be scared of what I’d do to Foo if I ever met him the smarmy crunt!

[dusty101] 02/2/2022 20:32

Malcy in my opinion is just a “you pay me and I’ll write it ponce”. The bloke just writes sh ite. Foo wrote all of Malcys reports on GDC, even giving him a freebie stuff your fat face tour. As for Foo the C unt. Yes 12 million could be cheap but as Dannythelark says, he’s a complete conman.

[abacus2] 02/2/2022 19:33

The payment to Cameroon holdings sounds outrageous but if the logbaba wells turn out to be long term producers 12 million is cheap.The arbitration with RSM could push VOG into liquidation although unlikely, possible.Until this is decided we are not going to see a proper re rating of the share price, I don't think we will have to wait too long but either way there will be major restructuring!

[jaystevens1] 02/2/2022 18:58

Indeed Roy Kelly should not have settled the royalty issue with Cameroon Holdings Ltd for $12 million.

Instead he should have let VOG go under.

[dannythelark] 02/2/2022 18:42

Please don't listen to Malcy; he has harped on about VOG, saying it's a bargain. Kevin FOO stole millions from VOG, and some of the current board know it... They will never pay a penny towards the 12 million debt VOG owe to Foo; they have too much evidence of his fraudulent dealings. There is no way FOO would have settled for 12 million when VOG could afford it. Complete and utter nonsense. The lying thief has walked away with millions of shareholders funds with his bunch of cowboys at his side. They are probably having a pool party at his house celebrating how they conned us so easily.

[appychappy] 02/2/2022 17:21

11.5 million market cap, I still cannot believe it.

[jaystevens1] 02/2/2022 16:52

MALCY:

Victoria Oil & Gas

Victoria Oil & Gas Plc, whose wholly owned subsidiary, Gaz du Cameroun S.A. is the onshore gas producer and distributor with operations located in the port city of Douala, Cameroon, is pleased to provide shareholders with a brief operations update for the fourth quarter of 2021.

SUMMARY

· Sales: Average daily gross gas sales rate for the quarter of 5.3 MMscf/d (up 6.0% on Q3 21: 5.0 MMscf/d) of natural gas, plus gross 5,584 bbls (Q3 21: 3,800 bbls) condensate was shipped to customers.

· Logbaba Performance: The field has been meeting the demand using two of the three wells at any one time, with Well La-108 alternating with Well La-107.

· Matanda: Following the selection of a suitable wellsite to drill a vertical well into the Marula prospect on Government-owned, late-life plantation lands, stakeholder engagement continued, and the preparation of site access roads commenced.

· Litigation: Certain of the non-monetary claims in the ICC arbitration with RSM Production Corporation (“RSM”) have been settled consistent with the UNCITRAL arbitration settlement agreement, previously announced on 29 September 2021. The settled non-monetary claims resolve several prospective accounting issues.

Roy Kelly, Chief Executive of Victoria Oil & Gas, commented:

“We are very pleased with the robust quarter that GDC achieved, despite a greater than expected number of maintenance shutdowns for its customers. Following the end of the quarter, 2022 has started very well with strong demand shown in the market.

“I am pleased we could settle those non-monetary claims with a prospective impact in the ICC arbitration, and I am again grateful to RSM for their continued and constructive engagement on this.”

I’m looking forward to chatting to the enigmatic management team at some stage as the new VOG story is gaining strength with every trading update. It is almost too long a story but those patient shareholders who have been in for the long haul are slowly getting something back and without tempting fate I think that the market has scope for GDC to deliver substantially more sales and as for Matanda the sky is the limit…

[appychappy] 02/2/2022 16:14

https://www.businessincameroon.com/energy/0701-12192-bassa-industrial-zone-government-to-build-an-electrical-substation-to-anticipate-growth-in-energy-demand

[appychappy] 02/2/2022 16:13

https://www.malcysblog.com/2022/02/oil-price-exxon-scirocco-vog-longboat-far-eco-atlantic/

[barony] 02/2/2022 15:05

That would mean that Foo defrauded GDC AND RSM. Doesn’t compute for RSM V GDC case.

[larry laffer] 02/2/2022 14:25

The litigation is GDC vs ‘The Foo drilling Co”

Apparently Foo used his old Black & Decker masonry drill mounted on a sledge. Tried to pass it off as a pucker drill fir oil/gas wells. His masonry bit broke in the hole and it took them months to get it out.

Nearly as good as Foo’s sister in law supplying PPE to GDC via South Africa. Whilst his niece was building the company website.

RSM are arguing about some dodgy accounting practises. Foo’s slush fund was booked to the office stationary budget.

I think that sums it up unless Danny has some news on Foo. He’s apparently dealing with the legal aspects of that now.

[barony] 02/2/2022 12:58

What is the arbitration about?

[jaystevens1] 02/2/2022 09:00

I think it is clear to see that VOG and RSM are looking to negotiate an amicable settlement of the ICC arbitration.

[philjeans] 02/2/2022 08:56

Bargain price again down here - and so much to look forward to!

BUY