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VGAS Volga Gas Plc

23.50
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
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 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Volga Gas Share Discussion Threads

Showing 1301 to 1322 of 2325 messages
Chat Pages: Latest  57  56  55  54  53  52  51  50  49  48  47  46  Older
DateSubjectAuthorDiscuss
14/12/2010
07:46
anyone notice 35000 shares beiung bought yesterday in 5k increments? someone seems confident that this is the bottom!
anusol
08/12/2010
07:44
well I've dipped in at 80p, i know 'falling knives' etc, but seeing as I managed to sell out at almost 300p, I guess I bought back in using the 150p a share profit i made on these last year :-)
anusol
07/12/2010
08:34
still watching... must be the bottom though
tradermel
07/12/2010
08:26
hello? echo in here......
anusol
29/11/2010
10:23
ok, I think this is the bottom..... surprised the RNS on 24th Nov didn't push this up a bit, as progress over legal wranglings is clearly being made.
anusol
22/11/2010
21:13
Still watching from the outside price seems just wrong despite GF-1
tradermel
04/11/2010
10:56
a producer with cash and potentialy still owed $20m in a law case, market cap looks pretty low

Might be a good time to accumulate despite the duster

seagreen
01/11/2010
08:19
im still sitting on the sidelines here - waiting for a bit of rise before i think about catching any knives
anusol
27/10/2010
09:28
80/81 now ..... is this the bottom?

Q

quidzinn
11/10/2010
08:39
and how tempted Baring Vostok are to take it private again
macrus
06/10/2010
07:06
Like I said earlier - it really was about 'when' this would fall below a £1, not if. Question is what is the bottom. Can't see it going below 80p level, but alos not sure about how quick any recovery might be. So going to sit and watch a bit longer.
anusol
05/10/2010
14:48
Well I have chanced a small buy. Not exactly a one trick poney and still a producer and still cash in the bank
seagreen
05/10/2010
11:56
latifs100......its all in here
npp62
05/10/2010
08:09
is it a buy at £1.00.. any ideas on cash and debt levels.. thanks
latifs100
24/9/2010
09:08
9% now

looks like the long road back up

andrbea
23/9/2010
14:26
Am holding for now, not topping up just yet.
Fortunately I reduced a little, so not too sore a loss, but staying in for now.
Once I get more time I will read up, and think about top-ups!

ST

swiss tony
23/9/2010
06:54
Ive been away for a week, and looks like a bit of a nightmare here...!

At what point are people going to add/jump back in? Guessing the question is not so much when they break the £1 barrier (this week probably), but more about whether they will hold onto that or dip back further.

anusol
21/9/2010
06:04
In for a nasty fall this morning, disappointing news from the update
sweepie2
01/9/2010
12:21
Moscow Court Backs Volga Gas As The AIM Company Resumes Work On The Stalled Vostochny Makarovskoye Project


With investors still awaiting news of testing from the companys first sub-salt well in European Russia, AIM-quoted Volga Gas was able to provide some good news on its stalled Vostochny Makarovskoye project. Readers may remember that Volga had hoped to bring this gas-condensate field, which has C1/C2 reserves of 54 million barrels of oil equivalent, onstream in late 2008. But it then ran into the kind of legal strife that has plagued so many an oil project in the FSU, as Volgas legal title to the field was challenged by a shareholder of Trans Nafta, the company which sold Volga the field prior to its 2007 IPO.
The challenge was later withdrawn as Volga and Trans Nafta agreed to form a gas processing venture to be 75 per cent owned by Volga. The Gas Processing Unit, still under construction, on the Dobrinskoye field, five kilometres from VM, was to be the main asset of the JV. Under the terms of the JV, Volga made a pre-payment of US$22 million at the end of 2008 and aimed for first production in Q1 2010.

But earlier this year it became clear the GPU wouldn't be operational until next year and, with numerous operational and commercial issues still to settle, Volga decided it would be better to dissolve the JV and build its own processing facilities. Then this month it was announced that Volga has won the first round of legal proceedings to recover the US$20 million plus interest paid to Trans Nafta in 2008. The Moscow Arbitration Court has ordered the payment of US$21 million to Volga and also put a legal restriction on the sale or disposal of the GPU.

Volga is wasting no time in moving ahead with the stalled project, having commenced test production from the VM-1 well using the processing equipment the company built in 2007 and early 2008 prior to the whole JV debacle. These installed units will provide what the company calls "an advanced starting point" for the full processing facilities and will also enable the company to evaluate the production potential of the field. What's more, this production test should help VM make some meaningful contribution to the books in 2010, with a long-term production test generating some revenue. Although all this may lead to further delays in the start-up of full production, CEO Mikhail Ivanov said the economics of the field remain "very robust".

Unlike other oil juniors that have come unstuck in the legal minefield that is the FSU, Volga has been able to withstand the protracted delays because VM is just one of a slate of projects in its portfolio. It has production from a shallow supra-salt field and is still testing its first sub-salt well, Grafovskaya-1 on the Karpenskiy Licence Area. aaaThis was a mammoth drill job, with the well spudding at the end of August 2009 and drilling to a depth of 5,379 metres to test the deep Yuzhny-Ershovskoye structure, which could hold a possible company-making resource of 400 million barrels of oil equivalent. The deep well was drilled on time and within budget, with "significant hydrocarbon shows": investors are keen for more information on the testing programme to get a handle on the scale and, importantly, the commercial deliverability of this low permeability reservoir.

Oilbarrel

o1lman
24/8/2010
09:25
A promising development this morning (i.e. RNS re legal dispute)

I am rather surprised there is not more interest in this stock.

The fundamentals look great:



(Source ShareScope screenshot)

Rolling PEG-1 = 0.27; no debt! Cash in excess of £20 million (and will that now be £40 million?).

saucepan
24/8/2010
09:20
Volga wins first round of dispute. Awarded $21m.

Test production started in VM field to evaluate production potential.



Devymaster

devymaster
06/7/2010
16:45
Well in the past I felt that 180 was a fair price if you had bad news on GF-1 and that it would only go below that for a short while perhaps on a retrace (that has proved to not be too sharp) So easy to be wise after the event but if I posted this I would have looked like I was deramping!

However the news on GF-1 was not bad and that there is definately hope for good news after acid treatment or Hydrofraturing, and still with the bottom target to be evaluated.

Cash in hand of $33mil
Cash Generative (with only part year full production in 2009)
More coming online during 2010

I understand the negative news from the VM field and now is only at a planning phase for a GPU (which delays production from the VM field) . However the wells are done, reserves proved, so the future is rosy. A court battle ensues but I gather that is only for cash recovery.

In 2011 we have the C3 prospect exploratry well to look forward to.

Swiss Tony the spread is tight and I feel its primed for a bigger rise on good news. Am I back in? Not yet; but waiting on the outside for a short while ... bet I miss it again lol


BTW why is this share so unloved?

tradermel
Chat Pages: Latest  57  56  55  54  53  52  51  50  49  48  47  46  Older

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