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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Volga Gas Plc | VGAS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 23.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 23.50 |
| Top Posts |
|---|
Posted at 18/5/2020 12:12 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://t |
Posted at 26/2/2012 18:33 by wata1971 What's the chart saying then chaps, a slight retrace on the cards or hold where we are? From the last trading update drill news must be due very soon, to be honest I'm looking forward to year end results later in March. Volumes have dropped off a bit, maybe investors waiting in the wings, I know it sometimes means nothing but it's hard to not think about the broker rating 262p!!! I'll happily wait for that. Here's to a steady week!! |
Posted at 30/11/2011 11:18 by pillion The nouveau investor doesn't like the waiting game |
Posted at 12/10/2011 11:19 by macrus @Flirker - don't hold your breath. Weakness on back of underwhelming presentation to Terrapin conference. V. few institutional followers these days. VGAS high correlation to delta in margin calls/fear factor to retail investors |
Posted at 12/10/2011 09:20 by tradermel Nicked this from iii .... SpikeyDTThings 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.Presenti |
Posted at 13/9/2011 23:54 by coscos Exactly - you are deramping in order to get the price you want. At least you admitted it.BTW, not perturbed at all. Frustrated, yes, as I'm sure many investors are at present. However my shares are paid for and I have a lot of patience. I waited 5 years to make plenty of money on another Russian oiler, so no worries here mate. |
Posted at 24/2/2011 16:07 by eric76 Yes I did too. Sounded like they'd come to an understanding rather than still fighting it out which has to be better for business.I was rather impressed with the speed of the answer too to be honest, wasn't sure I'd get a reply at all with the stock being so tightly held by larger investors. Good to know they still have time for pi's imo. |
Posted at 02/2/2011 07:33 by tadtech News bulletin from Rencap this morning re possible tax changes, main points being.............Even partial changes will send a positive signal to the sector and investors. We estimate the 60/66 regime alone could boost the 2011 EBITDA of integrated oil companies by 5.8% on average. We do not think Russian oil stocks currently price-in the potential changes, as the investment community has remained sceptical until recently. Accordingly, we think the announcement, if it comes, could be a big catalyst for the whole sector, which has underperformed the broader market over the past year. Independent E&P companies stand to benefit the most on a relative basis VGAS would benefit of course, how much longer will this company remain below radar I wonder. A re-rating will happen at some point. |
Posted at 24/1/2011 13:35 by anusol Great to see new investors/traders on the VGAS thread - things looking bright. Expecting further surges when the next RNS comes out. |
Posted at 20/1/2011 10:40 by tadtech There seems far more commentary of VGAS on LSE which is unusual. It shows how under the radar VGAS is with private investors.The bid/offer is creeping up and I would expect further share price movement due to the fact that the company will shortly become active again with the drill-bit. This stock moves very quickly indeed historically. |
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