An independent oil and gas exploration and production company. Their main projects are based with in Africa and the FSU. Their biggest producing asset (as of the beginning of 2012) is Logababa which is in Cameroon.
as it needs to double just for me to break even. Nonetheless I enjoy the reading the posts from you knowledgeable chaps. My sincere thanks
it would be nice to get tthe naws that he has paid upby middle november at latest we need this sp well up before consolidation
I can't see Grimm messing around now. Not now VOG has crossed the river. He might wiggle on the amount a little, who wouldn't? He will look at the bigger picture and want this over now I would have thought. The sooner he pays and puts this all to bed, the sooner VOG's business and SP gets another boost.
JimV I dont think it will be long until we get the audit final result quote from last rns about it says Deloitte were appointed by RSM and VOG jointly under the agreement and completed their field work covering the agreed-upon procedures in September 2014. So the audit is covering the already agreed procedures, proof of cost will be supplied by vog so not much to comment about from either side imo and this was done end of September at the latest.
We are supposed to get a presentation today from VOG , I am hoping it`s one of those video`s from proactive investor relations .
Bit from Pro Active
Victoria Oil & Gas (LON:VOG) – Next Stage Complete The Company's announcement that it has completed the Wouri river link is the next step on the its journey towards reaching a point at which it becomes self-sustaining. While we are at, or near the point of break even, we consider this to be the point at which the cash generated satisfies the operational and developmental needs, with sufficient headroom to meet debt obligations and more importantly the next development well that needs to be drilled. While we haven't yet reached the point at which a new well is needed, the cost of the well, due to the high temperature and pressure if the reservoir, means that it will be significantly more expensive than a comparable well in normally pressured environment with a cooler reservoir temperature. That aside, this must be seen fir what it is, which is a significant step forwards for the Company. After what has been a tumultuous journey thus far, the Company is now starting to deliver on the valuation promise offered by the opportunity.
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