Volga Gas Dividends - VGAS

Volga Gas Dividends - VGAS

Stock Name Stock Symbol Market Stock Type
Volga Gas Plc VGAS London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 23.50 00:00:00
Open Price Low Price High Price Close Price Previous Close
23.50 23.50
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Industry Sector

Volga Gas VGAS Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

Top Posts
Posted at 18/11/2020 19:05 by novicetrade68
Poor result for share holders, but perhaps can't rule out an improved offer in my opinion, the acquirer does not even have a position in VGAS - and actually if you look at the company I think it is worth at least 50% more.
Posted at 06/10/2020 07:29 by gfrae
Yes, as you say bad, and also gives VGAS a good reason for extending it's own deadline for talks from the 30th of September.
Posted at 06/10/2020 06:25 by bad gateway
Very nice for timing for Vgas. Could do wonders for the level the bidders are offering.

6 October 2020
Volga Gas plc



Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to announce a potentially significant discovery of a new oil field in its ongoing exploration drilling programme.

As announced on 14 August 2020 and in the Interim Report released on 30 September 2020, the Group is undertaking a programme of drilling six slim hole exploration wells within its Karpenskiy Licence Area in structures separate from its existing oil reserves in the Uzen field.

As announced in the Interim Report, a well in the North Uzen structure established the presence of oil in a Triassic aged sandstone formation. This will be subject to flow testing after undertaking a fracture stimulation operation which management considers necessary as the oil pay is inferred to be of low permeability.

More significantly, drilling on the Novo Kurilovskiy prospect reached a depth of approximately1,200 metres. While the initial target interval, the cretaceous Aptian formation at a depth of 900-1,000 metres, had no shows of hydrocarbons, in the deeper Jurassic interval between 1,144 and1,218 metres a total of 60 metres of oil bearing pay was identified with cores taken during drilling. Since the potential pay thickness is in excess of the calculated depth of the structural closure from seismic mapping, this indicates a potential stratigraphic element to the prospect, with implications of significant upside in terms of gross oil in place.

The commercial significance of this discovery will depend on the characteristics of the reservoir which are still unknown.

The immediate plan is to complete drilling down to Permian salt layer, open-hole logging and casing, which could take 10-14 days. On completion of the drilling phase, a workover rig will be moved onto location to proceed with cased hole logging, perforations and testing. This could take additional 10-20 days, depending on the number of intervals selected for testing.

Prior to drilling, management had assessed unrisked potential recoverable oil in the Novo Kurilovskiy prospect at approximately 8 million barrels of prospective resources. The thickness of the pay logged to date and the possibility of a stratigraphic element to the prospect suggests that this could be a significantly larger size. However, commercial viability of the discovery depends on cased hole testing and it will require additional wells and new seismic will be necessary to give a level of confidence to calculate reserves in accordance with SPE standards.

Further announcements will be made as results become available. The 2020 exploration drilling programme on the other four exploration targets in Karpenskiy Licence Area continues in addition to the appraisal and evaluation of the prospects already drilled.

Cautionary note regarding resource estimate

The potential indicative management resource estimates described in this release are conceptual in nature and are based on mapping and interpretation of seismic data carried out by the Group's in house geological and technical departments. There has been no independent determination of a resource to SPE standards and the Company cautions that there is a risk further exploration will not result in the delineation of a resource or reserve. The data should therefore not be relied upon until the Company can confirm such estimate to a Standard.

Posted at 22/7/2020 16:45 by russman
vgas too small.
Posted at 22/7/2020 14:42 by bad gateway
New joint venture to develop "hard-to-recover" oil reserves in the Volga–Urals region established by Tatneft, Gazprom Neft and LUKOIL
édité le 30/06/2020 - Plus de news de "TATNEFT" - Voir la fiche entreprise de "TATNEFT"

New joint venture to develop
Tatneft, Gazprom Neft and LUKOIL have closed a transaction on establishing a joint venture for the exploration and production of hard-to-recover hydrocarbon reserves in the Orenburg Oblast...

Wonder if any of these have made offers to vgas. Think its the right general area though not really checked properly. Just curious really.

Posted at 25/5/2020 20:26 by thewheeliedealer
Hi all,

My mate Peter @Conkers3 and myself did a Twin Petes Investing Podcast a few days ago and part of our discussion covers VGAS. We also talked in depth about the current situation in the Markets and how we reckon things could play out. Anyway, if you use Apple or Audioboom you can find it under the 'Conkers Corner' Channel (you want TPI Podcast 23) and you can find it on Soundcloud at the link below.

I hope you enjoy it and find it useful,

Cheers, WD


Posted at 18/5/2020 11:12 by burtond1
Russia-focused Volga Gas has had an eventful couple of weeks. Investors have been left a little puzzled and perplexed..."...at 23p, #VGAS are at their highest level since March, suggesting shareholders are holding out some hope for the sale process..."https://total-market-solutions.com/2020/05/18/volga-gas-plc/
Posted at 11/5/2020 07:05 by tomboyb
Posted at 05/5/2020 08:30 by russman
Valued at 3*f/cast ebitda plus net cash.
Not a good time for VGAS to be selling.
No debt.
Better for them to fish for local cheap cash cows.

Posted at 03/9/2019 13:20 by sportbilly1976

If it is anything like last year then it's on a 13% yield just for the interim :)

The Company announced on 28 September 2018 that its board has declared an interim dividend of US$0.06 per ordinary share. The interim dividend will be paid on 2 November 2018, to shareholders on the register on 12 October 2018. Shareholders will receive the dividends in US dollars unless they elect to be paid in Sterling.

Final divi was $0.065 per share

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