Share Name Share Symbol Market Type Share ISIN Share Description
Victoria Oil & Gas Plc LSE:VOG London Ordinary Share GB00BRWR3752 ORD 0.5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 7.65 0.00 16:29:15
Bid Price Offer Price High Price Low Price Open Price
7.50 7.80 0.00 0.00 0.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 8.47 -6.51 -4.54 20
Last Trade Time Trade Type Trade Size Trade Price Currency
16:29:49 O 102,000 7.701 GBX

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DateSubject
13/10/2019
09:20
Victoria Oil & Gas Daily Update: Victoria Oil & Gas Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker VOG. The last closing price for Victoria Oil & Gas was 7.65p.
Victoria Oil & Gas Plc has a 4 week average price of 7.50p and a 12 week average price of 7.50p.
The 1 year high share price is 29.25p while the 1 year low share price is currently 7.50p.
There are currently 256,428,061 shares in issue and the average daily traded volume is 1,692,974 shares. The market capitalisation of Victoria Oil & Gas Plc is £19,616,746.67.
29/7/2019
21:30
hermanngoring: Comment from Shore Cap: VICTORIA OIL & GAS+ (VOG, 13.8p, House Stock) Signature of potentially transformational Aksa Enerji Uretim term sheet In a very important RNS this morning, Cameroon-focused gas producer VOG announced that it has signed a non-binding term sheet (with Aksa Enerji Uretim) to supply up to 25mmcfd of gas to Aksa Energy's planned 150MW power station at Bekoko in Douala. Aksa Energy is one of the largest independent power producers in Turkey and, whilst the term sheet is subject to conditions precedent such as government approvals and signature of a power purchase agreement, the key commercial terms include a US$6.75/mmbtu gas price, with a 70% take-or-pay component and 25 year term (plus option to extend by a further five years). In today’s announcement, VOG reports that Aksa Energy and the Cameroon government have entered into a memorandum of understanding to develop a 150MW power plant at Douala, with the location of the proposed power station expected to be near to both the Bekoko substation and VOG’s existing pipeline network. VOG’s GDC subsidiary has been working closely with all parties, including Aksa and Eneo, to develop this gas-to-power project, which we believe provides a brilliant opportunity to increase gas sales volumes materially, utilising VOG’s existing installed infrastructure at Douala. The company expects the term sheet to lead to a long term grid power contract, which would underpin the long term development of both the Logbaba and Matanda fields. VOG anticipates the project to commence late next year, which we agree provides an opportunity to transform the business in partnership with Aksa Energy, which already has strong experience in African power. With a reinvigorated board in place (led by Executive Chairman Roger Kennedy and CEO Ahmet Dik) and VOG’s financial position in rude health following its £13.6m equity fundraising in March, we already expect FY2019 revenues to increase strongly year-on-year, with average gross daily production of 10.5mmcfd estimated in the current year and further sales growth forecast in FY2020. We continue to believe that VOG’s strong funding position provides a very solid platform for future share price upside as the company capitalises on its dominant position in the Douala region, where we see a significant market opportunity. In our opinion, the Aksa Energy term sheet announced today provides solid evidence of both this and the progress VOG has been making with its gas-to-power strategy in Cameroon. Shore Capital Stockbrokers Limited acts as Joint Broker to Victoria Oil & Gas Plc.
23/7/2019
12:18
philjeans: Malcy on; Victoria Oil & Gas The social media world has been very excited about VOG in the last few days after an article by respected journalist Jamie Nimmo suggested that the company has signed a huge deal with Turkey’s biggest power company, AKSA Energy. The deal to supply as much as ’25 million cubic feet a day’ to a new AKSA power station in Cameroon would indeed transform VOG and according to the article is ‘only subject to Government sign off’. As usual the VOG share price has not thought this worthy of consideration but I do think that should this be true it will make a significant change, one which to be honest should already be reflected in the price for greater operational performance this year so far. All the investigations I have made make me believe that this story is correct and I would expect all being well an announcement imminently.
22/7/2019
18:25
michaelko: Victoria Oil & GasThe social media world has been very excited about VOG in the last few days after an article by respected journalist Jamie Nimmo suggested that the company has signed a huge deal with Turkey's biggest power company, AKSA Energy. The deal to supply as much as '25 million cubic feet a day' to a new AKSA power station in Cameroon would indeed transform VOG and according to the article is 'only subject to Government sign off'.As usual the VOG share price has not thought this worthy of consideration but I do think that should this be true it will make a significant change, one which to be honest should already be reflected in the price for greater operational performance this year so far. All the investigations I have made make me believe that this story is correct and I would expect all being well an announcement imminently.
22/7/2019
13:00
hermanngoring: MALCY TODAY: Victoria Oil & Gas The social media world has been very excited about VOG in the last few days after an article by respected journalist Jamie Nimmo suggested that the company has signed a huge deal with Turkey’s biggest power company, AKSA Energy. The deal to supply as much as ’25 million cubic feet a day’ to a new AKSA power station in Cameroon would indeed transform VOG and according to the article is ‘only subject to Government sign off’. As usual the VOG share price has not thought this worthy of consideration but I do think that should this be true it will make a significant change, one which to be honest should already be reflected in the price for greater operational performance this year so far. All the investigations I have made make me believe that this story is correct and I would expect all being well an announcement imminently.
30/6/2019
12:55
markettimer: The AGM went well and I left there feeling more confident in VOG's future than I did before I attended it. As stated in the accounts Kevin Foo is no longer with VOG and Roger is the Executive Chairman and there are some new Non Executive Directors to strengthen the Board. Roger Kennedy stated in the accounts that he is giving a personal commitment to shareholders that the Board will remain transparent in their reporting as they progress and that is clearly evident from the following paragraph. The Board has taken a more realistic view re the likely outcome of the insurance claim and they have decided that it is necessary to reduce costs on West Med and to work towards achieving a sale or exit. The issue of the royalty agreements are being addressed and payments were stopped back in 2018. It is well worth reading Rogers letter to the Shareholders as on page 1 of the 2018 accounts as he highlights the larger issues and then provides an explanation as to how the Board is going to address each of them. The Directors have taken a substantial pay cut for 2019 and I am sure members of the VOG share holders group will join me in applauding them for that. The following list of questions and answers are a joint effort between "3cardbrag" and myself and I am grateful to him for that. Q: Page 38 of the accounts includes a paragraph that there were pay cuts but that they were recovered so would you please clarify if there has been a Directors pay cut or not? A: John Bryant (NED): There was a pay cut during November 2018 to December 2018 but this was recovered in 2019. The pay cut which reduced the non execs salaries in half and a cap of 150k for execs is still in place for 2019. Q: I have been buying shares for a long time, what is going to happen to the money I paid for the shares? A: Ahmet Dik (CEO): Shares go up and down. There was a forty for one share consolidation and prior to that the share price went as high as 82p and now down to 12p/13p. It is a decision for shareholders to decide when they want to exit from their investment in VOG. Q: Latest RNS shows: Gas sales down Virtually unpaid for 6 months Not many new customers CNG not up and running Court action from Kevin Foo Stuck gun still not removed A year ago the share price was on its knees and it is now 1/3 of that price The bonus scheme is prominent part of the RNS should you not be concentrating on sorting out the other things rather than the bonus schemes. Kevin Foo last year said we would be selling around 100mmscf p/d by now has the dream died for shareholders. A: Roger Kennedy (Chairman) : Bonus scheme introduced to retain and attract people and lower costs and bringing in options aligns their interests with those of the shareholders. Q: Roger you mentioned in the annual accounts that some mistakes had been made in the past but you did not state what they were so can you provide more information about that? A: Roger Kennedy (Chairman): The business model is correct. The Country needs gas and power and VOG has successfully explored and developed into production a gas deposit. Mistakes are that we have one single asset to rely on as well as customer concentration and the royalty structure. Q: You just received payment for January 2019 gas sales does that mean you are now on 120 day payment scheme with ENEO. A: Ahmet Dik (CEO): I am currently working on a 30 day payment plan with ENEO with the remainder of the amount owed to be paid off over the next four or five months. In order to make payments in Cameroon you have to be get a tax certificate from the tax department every month and there was some issues with this but it has now been resolved. We are expecting another payment tomorrow. Q: The Pre-AGM Trading Update includes sales in volumes but not sales in Dollars. How profitable were those quarters and what does it mean for the rest of the year in terms of profitability. A: Andrew Diamond (FD): We know what the numbers are but we have not released to them to the market yet so cannot comment on them. Q: Assume we drill Matanda and all goes well and there is plenty of gas with whom will we share sales with? A: Ahmet Dik (CEO): The Matanda block is owned 75% by GDC and 25% by Afex Global based in Bahrain. Any spend will be split as 75% GDC and 25% by Afex Global. When we get to exploitation licence the Cameroon Government has a right to 25% so GDC's share will be reduced by 25%. Sales will be split 56.25% for GDC and 18.75% Afex Global and 25% SNH. Question: A year has gone by since the last AGM and yet only 2 extra customers have been signed up, why is that if Cameroon is a power hungry country and in Kevin Foo's own words VOG are the only game in town then why have you not managed to sign up more customers? A: Ahmet Dik (CEO) VOG now has 70% of the Douala thermal market and there are other customers to sign up but the Board has to ensure that the customers are of a sufficient size so that an adequate rate of return is made on the capital employed in installing the infrastructure. The future for VOG is in Industrial Power. Q: When the RNS was issued saying that Logbaba had come back on line the final paragraph stated that ENEO has expressed interest in bringing Bassa back on line. The Bassa gensets were sent to South America but at the time the RNS was issued were the gensets still at Bassa? A: Ahmet Dik (CEO) I am note sure if the gensets were still at Bassa but I will find out.
10/3/2019
23:07
johnmp: if you are correct hotncold then the regulators should be taking VOG directors down. it is nearly three months that gas has been transferred (that is the case if not paid for) at cost to VOG and the shareholders. Company Directors are obliged by law to report material facts, not being paid would be a material fact. Similar to VOG increasing gas output was a material fact (RNS issued). I have not yet seen VOG issue any RNS saying they have been paid for previous gas transferred though not paid for, so I have to assume they still have not been paid. Do I expect the regulators to do anything about VOG if they are not reporting? answer is NO, AIM stocks are treated like play things? Now if shareholders started to sue the regulators for not doing their job, maybe, just maybe, they might. But, the regulators do little against the main market stocks so why should we expect AIM to be any better. I hope that VOG gets paid for current sales and money owed. I hope that money raised is available for drilling etc. and not to just pay wages to directors. I even hope that VOG share price climbs to 30p in the next 2 months. Then again hope is free?
27/7/2018
09:45
dianecarberry: "in the courts" LOL Your nuts You never got back to me as to why you are so worried by the VOG share price fella ?
27/7/2018
07:58
dianecarberry: LOL Keep taking the medication fella. You never got back to me as to why you are so worried by the VOG share price fella ?
15/2/2018
19:34
highasakite: If u think the VOG share price has been manipulated down this week I suggest you contact the FCA urgently. They would laugh at your letter/ email.
07/12/2017
16:17
highasakite: Bowleven failed in Cameroon as VOG got in their first with supplying industry with gas. The VOG share price of £104 if you are right is irrelevant unless you bought at that price. I am still waiting for this video to be posted where Foo/Dik said only 1/2 institutions bought in the recent placing. What happened to it Prowler ? You probably can't find it as it simply doesn't exist.
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