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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% 3.43 298,647 16:35:24
Bid Price Offer Price High Price Low Price Open Price
3.36 3.50 3.37 3.36 3.37
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 8.47 -6.51 -4.54 9
Last Trade Time Trade Type Trade Size Trade Price Currency
14:22:42 O 12,384 3.393 GBX

Victoria Oil & Gas (VOG) Latest News (3)

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Trade Time Trade Price Trade Size Trade Value Trade Type
2020-08-11 13:22:423.3912,384420.19O
2020-08-11 12:44:513.392,74993.27O
2020-08-11 12:22:333.3912,244415.44O
2020-08-11 11:34:543.6673,4002,684.24O
2020-08-11 10:59:473.6055,3611,993.00O
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Victoria Oil & Gas (VOG) Top Chat Posts

DateSubject
11/8/2020
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 3.43p.
Victoria Oil & Gas Plc has a 4 week average price of 3.30p and a 12 week average price of 3p.
The 1 year high share price is 13.05p while the 1 year low share price is currently 2.60p.
There are currently 256,428,061 shares in issue and the average daily traded volume is 228,661 shares. The market capitalisation of Victoria Oil & Gas Plc is £8,795,482.49.
27/7/2020
18:45
rayfenn: MALCY TODAY: Victoria Oil & Gas A Q2 operational update from VOG today, daily average sales of 4.6 mmscf/d of natural gas and gross 3,548 bbls of condensate resulting in net revenues of $6.8 million (Q1 20:$5.3 million). Following the termination of the ENEO contract GDC have moved fast and already replaced over 30% of the lost volume and at a higher price margin from existing customers and at least two new customers expected to be tied in within the next three months. This already represents over 50% of the revenue lost by the termination of the ENEO contract. Reserves at Logbaba have been reduced as there are no plans to drill further wells at present but it is worth noting that overall, large, in-place resource estimate remains unchanged, and the revised 1P Reserves, without additional drilling, still provide for several years of supply with or without the grid power demand. Also, following an extensive prospect evaluation and de-risking of the Matanda Licence, management has materially increased its estimate of Prospective Resources for the Onshore part of the Licence, which is contiguous with Logbaba. I have for a long time tried to find a way of getting a decent valuation of Matanda into the VOG numbers, it seems like this may be not far away. Finally, the company declare that they are ‘encouraged217; by the unsolicited interest in the SGI asset. The news from VOG is getting better and the arrival of new CEO Roy Kelly has coincided with realism and restructuring across the company. It has been a painful and unprofitable time for shareholders over the years and VOG has had more lives than your average mog. But the shares havent moved far from the year’s lows and the market cap leaves change from £10m, on that basis I would think that VOG should at least revisit levels previous levels, after all a 50% retracement from the August ’19 high does double the share price…
11/3/2020
17:34
hermanngoring: Roger Kennedy, Chairman said: "Roy is a seasoned oil and gas professional and is well known and respected in the industry and amongst investors in the sector. His experience in asset development, both upstream and downstream, and history and knowledge of African oil and gas projects, particularly in Cameroon, will be invaluable to our Company. Roy has shown great leadership and resolve in his past positions, building dedicated and professional teams which have successfully executed their technical and strategic goals. He is known for a pragmatic, hands on and direct approach to creating value. I have known Roy professionally for eighteen years and have full confidence that he will positively manage the Company and set it on a new, long-term course to ensure increase of shareholder value. I and the rest of the VOG team are extremely excited to have Roy lead the Company forward. I wish to thank Ahmet for his many years of service to the Company. When Ahmet joined VOG there were a handful of customers that were connected within a few kilometres of our then existing pipeline. Ahmet assisted in building a team to lay 50kms of pipeline, connecting 37 customers, and securing the Eneo Gas Supply Agreement. Ahmet implemented many changes including cost savings by outsourcing certain operations and negotiating the finalisation of long standing debts. Over the past 10 months he has helped to resolve the legacy issues of the Company (including reducing payables, assisting with the CHL Royalty dispute, and dealing with negotiations with RSM) and has assisted in the further development of the Company's downstream strategy and operations with the signing of the term sheets with both Aksa and New Age/Etinde. With the appointment of Roy, I do not believe the Company needs both an Executive Chairman and a Chief Executive Officer. I will therefore become a Non-Executive Chairman directly after this year's AGM. I agreed to the executive role because I believed in the VOG business model. Despite the Company's historical issues, and their impact on the VOG stock price, after months of review, I am confident that the Board has identified all the issues and these are being addressed. A person as experienced and respected as Roy accepting the role as the Company's CEO is a clear indication to me, as it should be to all shareholders, that there are still believers in the Company's business model and that there is a positive future for VOG. I personally am dedicated to assisting Roy and the team in any way possible to accrete value and reinvigorate the share price performance of VOG." Roy Kelly, Chief Executive Officer said: "I am excited and flattered to be joining Victoria Oil & Gas at this time. The company has a unique position and business model in Cameroon, and I look forward to continuing its growth in this and other markets. The Company is not without its challenges and I look forward to communicating clearly how we plan to tackle these tasks for the benefit of shareholders and indeed all stakeholders."
21/12/2019
08:50
abacus2: Unfortunately I dont think we need an RNS now, the Eneo press release says it all, they are in a declining financial position and they can not pay their suppliers. Until this situation is resolved no one is going to commit to building a new power station and the VOG share price is highly unlikely to recover. The only hope we have is that government step in and give Eneo all the money they need, but some how I cant see that happening!
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 ?
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