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VGAS Volga Gas Plc

0.00 (0.00%)
Last Updated: 01:00:00
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 Shares Traded Last Trade
  0.00 0.00% 23.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
22.00 25.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 23.50 GBX

Volga Gas (VGAS) Latest News

Real-Time news about Volga Gas Plc (London Stock Exchange): 0 recent articles

Volga Gas (VGAS) Discussions and Chat

Volga Gas Forums and Chat

Date Time Title Posts
06/1/202109:41VOLGA GAS2,184

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Volga Gas (VGAS) Top Chat Posts

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Posted at 18/11/2020 19:05 by novicetrade68
Poor result for share holders, but perhaps can't rule out an improved offer in my opinion, the acquirer does not even have a position in VGAS - and actually if you look at the company I think it is worth at least 50% more.
Posted at 06/10/2020 08:29 by gfrae
Yes, as you say bad, and also gives VGAS a good reason for extending it's own deadline for talks from the 30th of September.
Posted at 06/10/2020 07:25 by bad gateway
Very nice for timing for Vgas. Could do wonders for the level the bidders are offering.

6 October 2020
Volga Gas plc



Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to announce a potentially significant discovery of a new oil field in its ongoing exploration drilling programme.

As announced on 14 August 2020 and in the Interim Report released on 30 September 2020, the Group is undertaking a programme of drilling six slim hole exploration wells within its Karpenskiy Licence Area in structures separate from its existing oil reserves in the Uzen field.

As announced in the Interim Report, a well in the North Uzen structure established the presence of oil in a Triassic aged sandstone formation. This will be subject to flow testing after undertaking a fracture stimulation operation which management considers necessary as the oil pay is inferred to be of low permeability.

More significantly, drilling on the Novo Kurilovskiy prospect reached a depth of approximately1,200 metres. While the initial target interval, the cretaceous Aptian formation at a depth of 900-1,000 metres, had no shows of hydrocarbons, in the deeper Jurassic interval between 1,144 and1,218 metres a total of 60 metres of oil bearing pay was identified with cores taken during drilling. Since the potential pay thickness is in excess of the calculated depth of the structural closure from seismic mapping, this indicates a potential stratigraphic element to the prospect, with implications of significant upside in terms of gross oil in place.

The commercial significance of this discovery will depend on the characteristics of the reservoir which are still unknown.

The immediate plan is to complete drilling down to Permian salt layer, open-hole logging and casing, which could take 10-14 days. On completion of the drilling phase, a workover rig will be moved onto location to proceed with cased hole logging, perforations and testing. This could take additional 10-20 days, depending on the number of intervals selected for testing.

Prior to drilling, management had assessed unrisked potential recoverable oil in the Novo Kurilovskiy prospect at approximately 8 million barrels of prospective resources. The thickness of the pay logged to date and the possibility of a stratigraphic element to the prospect suggests that this could be a significantly larger size. However, commercial viability of the discovery depends on cased hole testing and it will require additional wells and new seismic will be necessary to give a level of confidence to calculate reserves in accordance with SPE standards.

Further announcements will be made as results become available. The 2020 exploration drilling programme on the other four exploration targets in Karpenskiy Licence Area continues in addition to the appraisal and evaluation of the prospects already drilled.

Cautionary note regarding resource estimate

The potential indicative management resource estimates described in this release are conceptual in nature and are based on mapping and interpretation of seismic data carried out by the Group's in house geological and technical departments. There has been no independent determination of a resource to SPE standards and the Company cautions that there is a risk further exploration will not result in the delineation of a resource or reserve. The data should therefore not be relied upon until the Company can confirm such estimate to a Standard.
Posted at 22/7/2020 17:45 by russman
vgas too small.
Posted at 22/7/2020 15:42 by bad gateway
New joint venture to develop "hard-to-recover" oil reserves in the Volga–Urals region established by Tatneft, Gazprom Neft and LUKOIL
édité le 30/06/2020 - Plus de news de "TATNEFT" - Voir la fiche entreprise de "TATNEFT"

New joint venture to develop
Tatneft, Gazprom Neft and LUKOIL have closed a transaction on establishing a joint venture for the exploration and production of hard-to-recover hydrocarbon reserves in the Orenburg Oblast...

Wonder if any of these have made offers to vgas. Think its the right general area though not really checked properly. Just curious really.
Posted at 25/5/2020 21:26 by thewheeliedealer
Hi all,

My mate Peter @Conkers3 and myself did a Twin Petes Investing Podcast a few days ago and part of our discussion covers VGAS. We also talked in depth about the current situation in the Markets and how we reckon things could play out. Anyway, if you use Apple or Audioboom you can find it under the 'Conkers Corner' Channel (you want TPI Podcast 23) and you can find it on Soundcloud at the link below.

I hope you enjoy it and find it useful,

Cheers, WD
Posted at 18/5/2020 12:12 by burtond1
Russia-focused Volga Gas has had an eventful couple of weeks. Investors have been left a little puzzled and perplexed..." 23p, #VGAS are at their highest level since March, suggesting shareholders are holding out some hope for the sale process..."
Posted at 12/5/2020 08:54 by littlepuppi7
Time to move to JKX. Not ridden the oil price rally at all yet, Unlike here, no debt, p2 reserves over 100m and 10,000 boepd production. Probably the biggest bargain out there at 30m mkt cap..15m USD in the bank at last count and NO DEBT. Not many shares avaliable at the current low price so should move pretty swiftly... Also hold a 10% stake in UNB, Ukraines biggest O+G producer probably worth 30m plus....
Posted at 11/5/2020 08:50 by russman
The share price went up so it is presumed the hacker thought the info had positive value.
Posted at 05/5/2020 09:30 by russman
Valued at 3*f/cast ebitda plus net cash.
Not a good time for VGAS to be selling.
No debt.
Better for them to fish for local cheap cash cows.
Volga Gas share price data is direct from the London Stock Exchange

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