Volga Gas Dividends - VGAS

Volga Gas Dividends - VGAS

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Volga Gas Plc VGAS London Ordinary Share GB00B1VN4809 ORD 1P
  Price Change Price Change % Stock Price Low Price High Price Open Price Close Price Last Trade
0.00 0.0% 21.00 21.00 21.00 21.00 21.00 08:00:00
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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

ntv: Company is debt free and they want to pay a dividend of up to 75% of free cash flow Although prices have fallen recently, the increased production should cover that I would be happy with 6 cents for the half year and a total of 12.5 cents for the year as a total Anything above that is a "Brucie bonus" Not many stocks around yielding 12.5% at current share price but like a lot of stocks there are risks attached
ntv: If they pay the same dividend as last year (12.5 cents)then @ $1.30/£ then that equates to approx 9.5p making the yield @ the current share price of approx 10% If they increase the payout, that seems a possibility, then as Russman correctly states this is a pure dividend play An 8% yield based on historic figures would probably be a fair price equating to a share price around £1.20 It is certainly an interesting punt with a strong oil price and increasing production though having said that, there will be a drop in April's figures due to maintenance
tomboyb: 138k bought at 38p - Current share price is 28p so a huge premium to prevailing share price -
flyingbull: Almost no reaction at all to the share price from today's RNS: "Vostochny Makarovskoye gas field well test" http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11691835 The September oil stock challenge is on..... http://uk.advfn.com/cmn/fbb/thread.php3?id=30358068 Good luck!!! fb
wata1971: http://ngm.nationalgeographic.com/2008/06/siberian-oil/paul-starobin-text/2 A little history on the oil boom in the area that is Khanty-Mansiysk. Trying to find out a bit more but there are companies for sale http://oilandgasforsale.com/teasers/tw7teaser.php Just need the detail of the deal, with a rushed RNS I would have thought they didn't want the news out yet. Lets hope this is the start of the good news and a decent rise in share price we all anticipate.
wata1971: Well we are into Q3, I would like to think we'll have a nice steady build up until they announce VM wells are on line. Does anyone know based on what revenues / profit will be generated, what the share price should be based on shares in issue, market cap etc. Not an expert but if we are undervalued where should we be. Still buy recommendations out there. But then again I didn't expect us to be where we have been for the last year with all this Greek / Euro nonsense. Here's to £1.50 by the end of September!!!!!
tradermel: From the November RNS we are expecting news from either: Romanovskaya 1 well - should be reaching depth. Uzenskoye 9 and 4 sidetracks (perhaps later in the year) Mirnaya 2 - due to be spudded Q1 Although the company changing Vostochny Makarovskoye gas/condensate field is not due for completion until Q3, anticipation of this is bound to push the share price in Q2. Any of this news released might act as a catalyst with your charts poised as well!
tradermel: Nicked this from iii .... SpikeyDT http://oilbarrel.com/news/volga-gas-enjoying-rising-oil-and-gas-production-from-prime-russian-assets Things have been fairly quiet from independent Volga Gas recently, but then in Russia, where the company is exclusively focused, maybe that's not such a bad thing.And the company's share price is just about as low as it has been all year, which might - depending on what stance you take - indicate good value. Things have been fairly quiet from independent Volga Gas recently, but then in Russia, where the company is exclusively focused, maybe that's not such a bad thing.And the company's share price is just about as low as it has been all year, which might - depending on what stance you take - indicate good value. The AIM-quoted group holds an interest in five licenses in Russia's Volga region, through various wholly-owned subsidiary companies.We last looked in detail at the Volga story back at the start of September. At that time, Russian officials had just backed the company on a legal tussle, allowing it to resume work on the stalled Vostochny Makarovskoye (VM) project. Volga's title to the field had been challenged by a shareholder of Trans Nafta, the company that sold Volga the field prior to its 2007 initial public offering.It was a distraction at a time when investors were keenly awaiting news of testing from the company's first sub-salt well in European Russia.Oilbarrel.com regulars may recall that Volga had hoped to bring this gas-condensate field, which has C1/C2 reserves of 54 million barrels of oil equivalent (boe), onstream in late 2008. That, of course, did not happen, but such delays, like full-scale legal challenges, are far from uncommon in this hydrocarbon-rich corner of the world.Soon after this news came out Volga released its half-yearly results for the six-month period ending June 30, 2011.Included in the interims were reasons why Volga has cultivated plenty of positive interest, with group-wide production averaging 2,092 barrels of oil equivalent per day (boepd) during the six months, more than double the same period a year earlier (920 boepd). For the remainder of 2011, production is expected to average above 2,600 boepd, another very healthy lift. The expanded production meant better financial figures too with net profit reaching US$3 million, reversing a US$0.2 million net loss a year earlier, and revenues shooting up to US$14 million, against US$5.2 million in the first half of 2010. The message at the time from chief executive Mikhail Ivanov was upbeat after the company reported what he called a "material profit".During the period Volga maintained continued steady production from the Uzen oil field, and notched up significant first revenues from the Dobrinskoye gas and condensate field. This, Ivanov said, had performed in excess of expectations since its acquisition.The key development for Volga during the first half of 2011 was the acquisition of Gazneftedobycha from Trans Nafta, landing the group 100 per cent ownership of the producing Dobrinskoye gas/condensate field and related processing and transport infrastructure. The company does carry a bit of debt - US$6 million is owed by one of its subsidiaries, Gazneftedobycha, to Trans Nafta - but there is cash in the bank too, generated by production activities, though this has dropped during the past year. This cash stood at US$13.9 million as at June 30, 2011, roughly half that recorded a year earlier. Overall, the production rise and the financials told a pretty encouraging story.But since mid September there has not been much in the way of detailed news although work is still ongoing with the completion of the VM field development.Presenting the mid-September interims Ivanov also flagged the drilling of two new exploration prospects, which could "add new production streams within a short timeframe". He also alluded to possible further acquisit By SpikeyDT
tadtech: Gentlemen I am rather bemused at the pull back here which seems to be caused by a combination of Capital Group International selling out their remaining modest holding and PI's jumping ship as the share price drops. The more 'astute' types may like to consider how quickly this bounced from 92p to £1.24p recently, only a matter of a few trading sessions. It has now re-traced obviously and the RSI is now sitting in a position where the re-rating started. The last meaningful operations update was on the 4th November and news on a number of fronts must be due. Note the drop has been generated on low volume and how the last two strong up moves have been triggered by a one day spike in volume. free stock charts from www.advfn.com
tadtech: Based on the above table and revised to take account of recent share price movements Reserves valued at.......... Urals Energy.. $1.20 barrel Volga Gas......$2.18 barrel Petroneft......$5.05 barrel Exillon Energy.$6.55 barrel Both VGAS and UEN are miles apart from both Petroneft and Exillon on reserve valuation possibly due to the fact that both have been relatively inactive with the drill bit. VGAS intend to change that shortly, it shows that £2 is entirely possible as a target, even then their reserves would only be valued at $3.60 a barrel !! + Revised to take account of UEN placing on 20th Dec
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