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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Volga Gas Plc | LSE:VGAS | London | Ordinary Share | GB00B1VN4809 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 23.50 | 22.00 | 25.00 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
23/11/2009 10:31 | Here's a link for the well We are drilling thru the first prospect, can't see how the statement could be more positive. Straight forward drilling now, except for the shale layer, which they are not certain is in place, will finish well ahead of the time allowed at this rate. | o1lman | |
23/11/2009 10:28 | Not sure I agree Giz, the well isn't timetabled to complete until end of April next year so why you'd be expecting "more positive news" in November is a bit beyond me? And as for the market reacting as it should in response to news, does it ever? Maybe in time, but rarely on the day of announcement. | andyh78 | |
23/11/2009 09:58 | The market makers including myself believed there should have been more positive news by now, that's why I believe there is more risk! if there wasn't the share price would have gone up surely! | gizmohican | |
23/11/2009 09:51 | Anybody who watched the documentaries on North Sea Oil, the first confimation that the Forties contained anything, was oil in the mud returns, not suggesting this is a giant field, just as an illustration. | o1lman | |
23/11/2009 09:46 | Seller finished now? Price is firming. | matt123d | |
23/11/2009 09:41 | AndyH78, spot on, we haven't reached the primary target yet, all to play for. | o1lman | |
23/11/2009 09:37 | How did the risk just get higher? we now know there are hydrocarbons down there. Surely that decreases risk? | andyh78 | |
23/11/2009 09:33 | Well, seems that we have to wait risk to me just got a little higher! | gizmohican | |
23/11/2009 09:04 | I bought VGAS on the basis that the current well was a company changing event, hydrocarbons in the mud returns was the first indication I was looking out for. I shall continue to hold until the well is proved commercial or not, may give all my profit back, but I think the risk reward is tilted in my favour. It appears the market does not share my viewpoint, so will have to watch and wait. | o1lman | |
23/11/2009 08:23 | G1 has signs of Hydrocarbons but they are now drilling 100m deeper again the 3d is out the window. GPU still not sorted. The surpra salt dill is P an A. The part I least like is the production is down and is not going to rise until the water injector is drilled next year - 10 - 15,000 $ of income not coming in aday. | coco | |
23/11/2009 08:15 | The market seems to be focussing on the dry well, hydrocarbons proved, just the amount now, only can be proved by further drilling with the second target still to be drilled, looks all very positive to me, the first indication of any oil/gas field being in place, ' oil/gas in the mud returns', first step completed with no guarantees of course. Buyers appearing although they have widened the spread to deter trading. | o1lman | |
23/11/2009 08:11 | Whats the concencus anyone any thoughts ? | coco | |
23/11/2009 07:26 | Good to be proved wrong !! | o1lman | |
23/11/2009 07:26 | RNS Number : 8886C Volga Gas PLC 23 November 2009 23 November 2009 VOLGA GAS PLC Operational Update Volga Gas Plc ("Volga Gas" or the "Company"), the oil and gas exploration and production group operating in the Volga Region of European Russia, is pleased to provide the following general operational update. Grafovskaya #1 ("G#1") sub-salt exploration well on Karpenskiy licence area Having successfully set casing at a depth of 3,950 metres and installed a high pressure blow-out preventer, the G#1 well has reached a depth of 4,108 metres and has begun drilling through the first of two thick dolomite carbonate sequences which are the main exploration objectives. Mud logs and initial core samples indicate the presence of hydrocarbons, though it is too early to be able to determine the significance of the well data. The well is still to be drilled to a planned target depth of 5,400 metres with coring, logging and testing operations being undertaken as considered necessary. Further updates will be provided as appropriate. Uzenskoye supra-salt production on Karpenskiy licence area The Uzenskaya #8 well has recently been brought into production, making a total of six productive wells on the field. Overall field production has been below original expectations as a result of a decline in reservoir pressure. During September, production reached 1,900 bopd and in October averaged 1,543 bopd as the wells were choked back. An analysis of recent field data suggests that the principal mechanism for flow was from pressure in the gas cap rather than underlying water drive. It is expected that bringing forward a water injection to the field, which had been planned later in the field life, will restore production to the original planned levels of approximately 2,000 barrels of oil per day. Water injection is now to be implemented during 1H 2010. Vostochny-Uzenskaya #10 exploration well on Karpenskiy licence area The Vostochny-Uzenskaya #10 supra salt exploration well, located approximately 7km east of the Uzenskoye oil field facilities, has been drilled to a total depth of 893.4 metres. There were shows of oil and gas found in a thin cretaceous Aptian reservoir, the principal exploration target for the well. This is considered to be non-economic and the well is to be plugged and abandoned. Completion of this well fulfils the last drilling commitment on the Karpenskiy licence area ("KLA"), which contains the two major sub-salt prospect areas, Yuzhny Ershovskoye (being tested with the G#1 well) and Yuzhny Mokrousovskoye, which also contains a material intra-salt exploration target. The KLA also contains the producing Uzenskoye oil field and the small Starshinovskoye gas field. Vostochny Makarovskoye (VM) gas field development As reported in the Interim Results announcement, the two initial wells on the VM field have been connected by intra-field pipelines to the gas plant being constructed by Trans Nafta ("TN") on TN's Dobrinskoye field. Negotiations are continuing between Volga Gas and TN on transferring ownership of the gas plant, to enable the construction and commissioning of the plant to be completed and to allow full time production of the VM field to commence. Mikhail Ivanov, Chief Executive of Volga Gas commented: "The presence of hydrocarbons in the sub-salt Grafovskaya #1 well is encouraging, although there will be a substantial amount of further data to be collected and assessed with some 1,400 metres of drilling to follow. Having successfully drilled through the salt and into the dolomite sequence, the drilling operation remains ahead of schedule. "As we drill on, further tests will then be made to understand the reservoir properties, thickness and consequently commerciality of the prospect." | kiwi10 | |
20/11/2009 20:01 | Bounce straight off the bottom trend line - good support. | brancho | |
20/11/2009 18:59 | Reasonable close at 220p on the high of the day, start of the next leg up to 300p. | matt123d | |
20/11/2009 16:02 | Firming up a bit now. | matt123d | |
20/11/2009 16:02 | azalea - 20 Nov'09 - 15:48 - 988 of 988 Sells were being put through plus at that time azalea. L2 looking healthier now 4810 215 /10000 220 | coco | |
20/11/2009 15:48 | COCO Re plus What precisely is it that is not looking good on Plus at the moment? Hopefuly any update will not be issued on a Friday! The spread is quite large. | azalea | |
20/11/2009 15:41 | Just had a small top up. | hibberts | |
20/11/2009 14:36 | Think Swiss Tony is right, large buys soaking up all the small sells. I dont expect an op update until the end of next week anyway! | finalcut | |
20/11/2009 13:47 | Added some more on the bid at 211p, right on the 50dma now so should bring in a few buyers. | matt123d | |
20/11/2009 13:42 | Not looking good on plus at the moment Swiss, Im hanging on by me teeth. We really could do with an update. Anyone any thoughts on a value if this well is a duster ? | coco | |
20/11/2009 12:50 | I think this is a manufactured drop to let someone in on the cheap. Just my thoughts, am sorely tempted to topup, but will wait 'til monday. | swiss tony | |
20/11/2009 09:16 | As long as we stay above £2 we sould be ok. | hibberts |
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