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ETF Securities experts James Butterfill and Townsend Lansing: did you know you can go long and short on ETF's?


Victoria Oil & Gas Share Chat (VOG)



Share Price: 60.875Bid: 60.25Ask: 61.50Change: 0.00 (0.00%)No Movement on Victoria Oil
Spread: 1.25Spread as %: 2.07%Open: 61.25High: 61.25Low: 61.25Yesterday’s Close: 60.875


Share Discussion for Victoria Oil & Gas


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ParanoiaBlue
Posts: 33,215
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:60.875
JRich
Today 00:28
Completely correct, if the assets are there, there will be no problem for forthcoming support. Good grief how was the North sea developed. I hold with great expectations. There are certain differences, but it is still a fairly stable area, politically, we will see when power is passed on - hopefully fairly soon.
 
JRich20020
Posts: 417
Off Topic
Opinion:No Opinion
Price:60.875
RE: JRich
Thu 17:24
The drilling costs are capital expenditure and are written off over the life of the well on a production basis.
ParanoiaBlue
Posts: 33,215
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:61.25
VOG
Thu 16:47
The potentials for a good increase in the SP are stacking up - especially if the test results are encouraging.
3cardbrag
Posts: 2,433
Off Topic
Opinion:No Opinion
Price:61.25
JRich
Thu 16:36
Re "All profits from this year onwards are now potentially distributable"
Aren't you forgetting 60 million round 2 Savannah drilling campaign. First chance he gets he'll be onto Matanda block. Why should he give a fig about shareholders. He gets his dividend come what may.
oldtimer
Posts: 4,149
Observation
Opinion:No Opinion
Price:61.25
vog
Thu 14:18
It's great that we all have different views on vog and divi's but just because a company ie vog starts making a profit
and could pay a divi doesn't mean they will. There are good uk companies that haven't paid a divi in 10 years and still people invest in them.
Which one will vog be?
JRich20020
Posts: 417
Observation
Opinion:No Opinion
Price:61.25
RE: sage
Thu 13:45
It's worth noting that the recent balance sheet cleanup (writing down 106) and subsequent capital reduction have made it possible to pay a dividend, subject to profits and cash. All profits from this year onwards are now potentially distributable. I have a hunch we will get an inaugural divi within the next 12-18 months. Not saying it will be huge but a couple of p is a start. By the end of year 4 from now if they hit those projected sales numbers maybe 30-40 p a share. Don't laugh - PAT of £100m approx., 30-40% payout. All doable imo. The pieces of the jigsaw are falling into place one by one.
keith1
Posts: 3,111
Off Topic
Opinion:No Opinion
Price:61.25
oldtimer
Thu 13:14
there is no reason at the moment for the company
to care about shareholders
their first priority must be to make a success out of the company
when that is achieved i dont have any doubt that
they will look at rewarding their foundation
and that is us
personaly despite having reservations sometimes in the past
i see that the seed that was planted years ago is finaly starting to flower
and as pb so nicely put it , i can wait,well i am the same
oldtimer
Posts: 4,149
Observation
Opinion:No Opinion
Price:61.25
sage
Thu 12:37
Well of cause Foo and Gryn have been getting their royalties / divi's already for I don't know how long and I guess that will continue, but with regards us the general shareholders I cannot see any divi's for at least another 3 years.
Why would they pay us anything, all the time we have very few Institutions on board holding the company to task they will just keep paying us nothing.
Now I may be wrong but there is nothing I have seen that tells me they really care about the shareholders at all, but that could change over the next few years.
ParanoiaBlue
Posts: 33,215
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:61.25
VOG
Thu 12:10
The recent graph has been very positive - just awaiting good well test results. If so, the SP should upgrade substantially. Either way, I have patience.
sage
Posts: 55,552
Off Topic
Opinion:No Opinion
Price:61.25
oldtimer
Thu 11:55
so when do you forecast first dividend..?




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