Volga Gas Share Discussion Threads

[flirker] 13/9/2011 14:26

So current revenues of 14m from average production of 2092 BOE. So what will we be looking at with average production increasing to above 2600 for remainder of 2011 and the plant is upgraded to enable full scale production from the VM field? And then theres any discoveries from the current drill and the pre caspian drill at the end of year. Think these results are good, you wait for next year! Self funding, no real debt and producing, If anyone knows any others on AIM with these fundamentals and not dreams and a mcap of 75m then please let me know. May not have the excitement of some others but I sure can sleep well holding these, if I forget all the doom and gloom on the overall markets that is..... GLA

[pillion] 13/9/2011 13:01

....meanwhile the price of oil is holding up quite well

[coscos] 13/9/2011 12:58

Volga Gas profits soar as output increases

Tue 13 Sep 2011


LONDON (SHARECAST) - Volga Gas, the oil and gas exploration and production group operating in the Volga Region of Russia, saw profits in the six months to 30 June soar after a sharp increase in production.

Pre-tax profits rose to $3.1m from $176,000 over the same period the previous year on revenues that climbed to $14m from $5.2m.

Average production increased to 2,092 barrels of oil equivalent per day from 920 over the same period the previous year. Average realizations for the period rose to US$46.02 a barrel from $30.12 previously.

"We have maintained continued steady production from our Uzen oil field and have a material first contribution to revenues from the Dobrinskoye gas and condensate field, which has to date performed in excess of our expectations at the time of the acquisition," the company said.

"For the remainder of 2011, production is expected to average above 2,600 boepd."

[flirker] 13/9/2011 11:18

Lol yeah should be thankful I guess, still sucks balls though. Bring back the bulls its so much more fun.GLA

[coscos] 13/9/2011 11:13

More or less 10% down on their best ever H1.... crazy. Mind you, all the Russian oilers have taken a battering over the past few months. No escape from the bear clutch.

[corrientes] 13/9/2011 11:02

Good results means down Bad results means down down.To be expected in a bear market.Same all over the place.

[flirker] 13/9/2011 10:44

Looks like we are getting that re rating.... down though! Good this in it.

[flirker] 13/9/2011 09:43

Yeah reassuring set of results. A little longer to wait which I'm happy to do. Hopefully remain off the radar until then and we can get some more bargains.

[macca42] 13/9/2011 09:26

had a glimpse, looks better further down the road,

[djalan] 13/9/2011 08:37

Hmmmm.... no mention of extra tax relief ?

[coscos] 13/9/2011 08:09

Superb progress report in interim results today...... production up, cashflow up, profits for H1 for first time..... a re-rating is surely on the cards?

[pillion] 12/9/2011 20:37

The big trade today looked like some book balancing -- mid price methinks

Still holding VGAS and planning to buy more

[wata1971] 12/9/2011 19:52

It is gearing up nicely towards results, let's get the results we all need, long overdue

[flirker] 12/9/2011 19:14

Interims were 21/9 last year so anyday. Hoping to see increased revenues,update on drill and flow rates for those vm field discoveries which are 2 years coming. The later I'm most excited about but may have it all wrong.

[wata1971] 12/9/2011 18:48

Flirker, when are results?

[flirker] 12/9/2011 18:31

And another 113k er from friday when that spread closed, which i reckon was a buy. Hoping not to bore to much with lisitng these trades but its looking good IMO and a similar pattern to earlier in the year when these went woosh....GLA

[flirker] 11/9/2011 22:37

Nice 40k trade Friday for someone. Hopefully see some more wise money in the next couple of weeks and a share price rise, 130p will do for starters... GLA

[flirker] 08/9/2011 20:29

Get em whilst you can, I will soon as I free some cash.interims within a fortnight and maybe update on vm field/yr well if not before. Think it will be good news and we know how this can move with so few shares available. still hoping for my 200p Target made at the start of the year :)

[pillion] 08/9/2011 18:38

Tight spread at the mo -- only 0.2%
Nearly bought more last week at 107, should I be greedy and wait while 95p ??

[flirker] 08/9/2011 18:33

Tradermel,looks like we may have to wait for the intrims. Slipping back now after that unexplained rise last week. Am Glad as I'm hoping for a top up before the results/news for a quick buck. Know what you mean about trading this one...

[tradermel] 04/9/2011 22:13

We must be due news prior to the interims anyway.

Junes RNS

Vostochny Makarovskoye

During July 2011, Volga Gas plans to complete the tie-in of the two wells into the Dobrinskoye gas plant. Once this operation has been completed, Volga Gas will continue test production through the gas plant facilities. Data from this will be used to determine the extent to which plant modifications and upgrades will be required to enable full scale production from the Vostochny Makarovskoye field.

and

Urozhainoye-2 licence area - exploration

Drilling is continuing on the Yuzhny Romanovskaya-1 well in the Urozhainoye-2 licence area. To date, the well has reached a depth of 1,244 metres and is drilling on to a target depth of approximately 2,800 metres to test the Bobrikovsly horizon, which is productive in the nearby fields.

So we should have reached target depth on this as well.

[the ballcock] 01/9/2011 09:46

ok, no rns, down to 96p, and i have over £600 to pile in here