Volga Gas Share Discussion Threads

[matt123d] 09/3/2010 12:47

Picked up a few more at 220p.

[gizmohican] 09/3/2010 08:11

Results where out on the 31st March Last Year! Only a few weeks to wait for a detailed update on all ops.

[gizmohican] 09/3/2010 08:08

Another day!

[gizmohican] 08/3/2010 16:40

Nice finish for Volga!

[swiss tony] 08/3/2010 10:11

All good, next leg up well under way, so few shares about that any buying sends this up so quickly....

[matt123d] 08/3/2010 09:20

Very few sellers about. 240p next stop.

[gizmohican] 08/3/2010 08:30

News cant be far away now!!

[gizmohican] 07/3/2010 21:34

Article written up by Oil Voice yesterday.

Volga Gas Buys Into Gas Processing Facilities
07 March 2010

Volga Gas Plc, the oil and gas exploration and production group operating in the Volga Region of European Russia, announces that an agreement has been signed with Trans Nafta ("TN") to purchase a 75% direct interest in gas processing facilities which will be used for the Company's Vostochny Makarovskoye ("VM") gas and condensate field.

As a result of this agreement, Gaznefteservice ("GNS"), a company 100% owned by the Volga Gas group, will have a direct 75% interest in a Gas Processing Unit ("GPU") constructed on a site approximately 7km from the VM field. The plant is to be operated by a company which is 75% owned by GNS. Under the terms of the agreement a sum of RUB 187 million (approximately US$6.2 million) has been paid. In November 2008, a sum of RUB 600 million (approximately US$20 million) was paid as an advance on the purchase of the interest in the GPU.

As reported in the 2009 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 TN on its Dobrinskoye field. Before the GPU can become fully operational, it will be necessary to transfer a sulphur treatment unit from the VM licence area to the GPU. This process, with the required regulatory approvals, is expected to take up to nine months. Meanwhile, it may be possible to commence long term test production from the VM field during 2010.

Mikhail Ivanov, Chief Executive of Volga Gas commented:
"We are pleased to conclude this transaction for the GPU which will enable Volga Gas to realise value in its VM field by bringing it into production and thereby establishing an additional stream of cash flow."

[gizmohican] 04/3/2010 16:13

Here we go!

[matt123d] 04/3/2010 15:26

Looking good here now, back up to that 215p bid.

220p just needs to go then we're off to 300p.

[gizmohican] 04/3/2010 11:38

Nice bit of really positive news....hopefully more to follow very soon!

[gizmohican] 04/3/2010 11:38

Nice bit of really positive news....hopefully more to follow very soon!

[o1lman] 04/3/2010 10:23

They must be former KGB members, don't like to let us in to what is happening.
Update for Vostochny but nothing else.

[seagreen] 03/3/2010 18:14

Bit of a roll in there today but it does seem as though we are primed for a run 8-)

[matt123d] 03/3/2010 15:31

Before this slow drift there was a buyer appearing on the bid at 215p in a size of half a million, they definitely haven't been filled so as soon as they come back it will be time for the next leg up.

[swiss tony] 03/3/2010 14:53

In fact, the volume today stands at exactly the same as yesterday, so I presume someone is stake-building.
35774 shares per day is a decent amount...

[swiss tony] 03/3/2010 14:46

Yup, more strong volume, news coming soon, watch for the spread to tighten, then the next leg up will closely follow....

[gizmohican] 03/3/2010 14:31

Someone knows something!

[gizmohican] 02/3/2010 19:02

Me too Swiss

[swiss tony] 02/3/2010 17:02

Interesting.... the share price slowly slides down day after day, very little volume, then as soon as we get higher volume (like this arvo) we get a wee leg up.
Always a good sign me thinks, happy to hold.
Think news must be soon, especially after a few shares being bought today, 36,000 ish....
:)

[gizmohican] 23/2/2010 13:49

Just a reminder of where Vgas are, ..........bored really!

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."

[swiss tony] 19/2/2010 09:54

courtesy if bobobobob5 on SEY thread...

bobobob5 - 19 Feb'10 - 09:12 - 474 of 475



Barclays and Bank of America see looming oil crunch
For oil markets, it as if the Great Recession never happened. Surging demand in China, India and the Middle East is making up for decline in the debt-crippled West, ensuring another global crunch within three or four years.


By Ambrose Evans-Pritchard, International Business Editor
Published: 9:32PM GMT 18 Feb 2010
Barclays and Bank of America see looming oil crunch
Members of the Royal Welch Fusiliers charged with protecting oil pipelines in southern Iraq Photo: JULIAN SIMMONDS

Bank of America and Barclays Capital, two leading oil traders, have told clients to brace for crude above $100 (£64) a barrel by next year, before it pushes relentlessly higher over the decade. This is a stark contrast from recessions in the 1980s and 1990s, when it took years to work off excess drilling capacity built in the boom.

"Oil has the potential to flirt with $100 this year. We forecast an average price of $137 by 2015," said Amrita Sen, an oil expert at BarCap. The price has doubled to $78 in the last year.

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"The groundwork for the next sustained step up in oil prices is now almost complete. Global spare capacity is likely to be reduced to low levels within a relatively short time. The global economic crisis has postponed, but not cancelled, a crunch which would otherwise be starting to bite now," said Barclays.

Francisco Blanch, from Bank of America Merrill Lynch, said crude may touch $105 next year, with $150 in sight by 2014. "Approximately 1.7bn consumers in emerging markets with a per capita income of $5,000 to $20,000 are eagerly waiting to buy cars, air-conditioning units, or white goods," he said.

China has overtaken the US as the world's top car market. Mr Blanch expects oil demand to rise by a further 2.8m barrels per day (bpd) in China and 2.5m bpd in India by 2015, when two giants will be absorbing the lion's share of Gulf output. Consumption in the West has already peaked and will fall each year as populations shrink and we waste less, but the West no longer sets the price. Global use will increase by 8.8m bpd to 95m bpd.

Supply is scarce. Sir Richard Branson warned this month that the world faces 'peak oil' within five years. "Don't let the oil crunch catch us out in the way that the credit crunch did," he said.

Mr Blanch said output from non-OPEC states is falling by 4.9pc each year, despite Russia's reserves. Saudi Arabia and the Emirates can plug a quarter of the gap, but global spare capacity must soon drop to wafer-thin levels – leaving us vulnerable to the sort of "super-spike" seen in 2008. The wildcard is whether Iraq can quadruple output to Saudi levels this decade, a target dismissed by most analysts as pie-in-the-sky.

Painfully high prices are needed to unlock fresh supplies as reserves are depleted in the North Sea and the Gulf of Mexico. Deep-water rigs off Brazil are costly and require drilling far below the seabed. Canadian oil sands and US biofuels have break-even costs near $70. While the US, UK, and the Far East are turning to nuclear power, it takes a decade to build reactors. "peak uranium" lurks in any case.

The oil spike brought the global economy to a shuddering halt in 2008. This time the crunch may hit before the West has fully recovered. Whatever happens, the US, Europe and Japan will soon transfer a chunk of their wealth to the petro-powers. It is a new world order.

[tradermel] 16/2/2010 20:59

Those sells certainly look suspicious after so long of almost no sells