Volga Gas Share Discussion Threads

[pillion] 14/1/2014 15:03

while the average production during December 2013 was over 4,500 boepd.

[tradermel] 14/1/2014 08:02

mm's not really marked this one up so ppl can get in early doors before the rise

[tradermel] 14/1/2014 07:26

Trading statement and operational update

Volga Gas plc ("Volga Gas" or the "Company"), the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to provide the following trading statement and operational update.

Production volumes and sales

Production during the year ended 31 December 2013 was approximately 8.9 million cubic feet per day (mmcfd) of gas and 1,400 barrels per day (bpd) of oil and condensate, a total of approximately 2,922 barrels of oil equivalent per day (boepd), which represents a 46% increase on 2012.

Production levels increased significantly during the second half of the year when the Company's operating subsidiary, OOO Gaznefteservice ("GNS"), received regulatory approval for the upgrade works on the Dobrinskoye Gas Processing Plant. Production between 1 July and 31 December 2013 averaged 10.2 mmcfd of gas and 1,570 bpd of oil and condensate (a total of 3,275 boepd), while the average production during December 2013 was over 4,500 boepd.

Volga Gas expects to report revenues of approximately US$34 million for 2013, a 21% increase on 2012.

[tradermel] 14/1/2014 07:18

Massive RNS today and now the market will recognise this shares potential

[malcontent] 10/1/2014 15:03

see...it was just teasing.....

[pillion] 10/1/2014 13:00

Going well now !!!

[malcontent] 12/12/2013 13:34

true enough but it certainly looks like it has formed a good chart-bottom and is now building above the 200day MA, which would be somewhat bullish.
No need to get excited, but a decent place to add (I have added a few) if you are confidant of the next 6-12 months.

[tradermel] 09/12/2013 18:49

Well malcontent it failed to hold, just when I thought at last it had settled. Impatient PI's

[tradermel] 21/11/2013 08:10

Interesting series of large 100K + buys and sells gone through this last week. The last RNS has certainly woken this share from its slumber.

[tradermel] 18/11/2013 08:05

My guess is that confirmation of the instillation of the extra equipment and increase to maximum output should seal that momentum. My only fear is that they stall too long on this expected news.

[malcontent] 14/11/2013 09:44

promising chart. VGAS needs to break out and hold above 110p to get going, chart-wise.
I will add if/when it does

[pillion] 13/11/2013 14:21

Appears to be forming a perfect Gold Cross

[tradermel] 13/11/2013 12:17

At last, the approval and now surely the re-rating in line with production rates, excellent news ..... funny time of release though

[pre] 13/11/2013 11:15

Anyone spotted this...awesome news just released:

RNS Number : 9108S

Volga Gas PLC

13 November 2013

13 November 2013

VOLGA GAS PLC

Gas plant authorisation received

Volga Gas plc ("Volga Gas" or the "Company"), the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to announce that its operating subsidiary, OOO Gaznefteservice ("GNS"), has received regulatory approval for the upgrade works on the Dobrinskoye Gas Processing Plant.

Construction of the main processing stream is complete and has been tested operationally at rates of over 400,000 cubic metres per day (14.1 million cubic feet per day) of gas and 120 tonnes per day (1050 barrels per day) of condensate. Following the installation of certain additional minor modules, as required by the state construction agency, Gosstroi, final approval of the completed upgrade will be granted, which will allow GNS to utilise the plant at full passport capacity of 1.05 million cubic metres per day (37 million cubic feet per day). Pending this, the Company will be able to operate at test rates utilising the full current well capacity.

GNS has already commenced increasing the output from wells on the Vostochny Makarovskoye ("VM") and Dobrinskoye gas fields and expects by the end of December to reach production rates of up to 500,000 cubic metres (17.7 million cubic feet per day) of gas and approximately 1,315 barrels per day of condensate, a total of over 4,200 barrels of oil equivalent per day.

Mikhail Ivanov, Chief Executive of Volga Gas, commented:

"We are delighted to have gained this approval, which will enable Volga Gas to significantly increase production by making full use of its current well production capacity. Early in 2014, further development drilling on the VM field will commence. It is our intention, with this and further new wells, to increase production capacity and fully utilise the ultimate plant capacity.

With increasing throughput, combined with the improvements we have achieved in the processing stream, we expect to see the unit costs of production for our gas and condensate fall substantially. These events are expected to lead to a period of strong growth in revenues and cash flow for Volga Gas."

For additional information please contact:


Volga Gas plc
Mikhail Ivanov, Chief Executive Officer [phone]
[phone]
Tony Alves, Chief Financial Officer 4451

Oriel Securities Limited, Nominated Adviser
and Broker
[phone]
Michael Shaw 7600

FTI Consulting
[phone]
Ed Westropp 3113
Alex Beagley


Editors' notes:

Volga Gas is an independent oil and gas exploration and production company operating in the Volga region of European Russia. The Company has 100% interests in its five licence areas.

The information contained in this announcement has been reviewed and verified by Mr. Mikhail Ivanov, Director and Chief Executive Officer of Volga Gas plc, for the purposes of the Guidance Note for Mining, Oil and Gas companies issued by the London Stock Exchange in June 2009. Mr. Mikhail Ivanov holds a M.S. Degree in Geophysics from Novosibirsk State University. He also has an MBA degree from Kellogg School of Management (Northwestern University). He is a member of the Society of Petroleum Engineers.

This information is provided by RNS

The company news service from the London Stock Exchange

END

[tradermel] 31/10/2013 17:48

That jump was the result of a single buy of 61000 shares. Imagine what could happen if they actually get Dobrinskoye approved and working at full capacity!

[tradermel] 01/10/2013 06:24

Still waiting ....

DOBRINSKOYE GAS PLANT
-- Upgrade work to increase capacity is close to completion.
-- Application to operate at the higher rates has been submitted.
-- Significant savings on chemical consumables anticipated from recent successful trials.

[tradermel] 18/9/2013 06:46

Good old Google translate :)

2 Directors swapping shares today

[pillion] 17/9/2013 15:44

Зав;трk2;, зав;трk2;, все;гдk2; это; зав;трk2;

[tradermel] 17/9/2013 07:09

Very well indeed, except the game changer is the Dobrinskoye Gas Plant at full capacity and the market is a little tired with hearing .... tomorrow.

[anusol] 17/9/2013 07:04

The results read well I thought?

[tradermel] 17/9/2013 06:25

Interim results



DOBRINSKOYE GAS PLANT

· Upgrade work to increase capacity is close to completion.

· Application to operate at the higher rates has been submitted.

The only real holding I have stayed in all summer to watch the drift sideways, but now surely the time is close to increase the share price What's not to like in this RNS, well apart from the continued Jam tomorrow .... surely tomorrow is very nearly here?

[flyingbull] 29/8/2013 17:01

Almost no reaction at all to the share price from today's RNS:
"Vostochny Makarovskoye gas field well test"


The September oil stock challenge is on.....


Good luck!!!

fb