this BB and in some cases may have infiltrated it, however facts are facts the share price is abysmal it makes absolutely no difference what Hatfield Mick posts as everything boils down to the current share price.
3 card you are spot on with your comments about Hatfield Mick, the exposure of certain attributes are of real pain to some people nd they will do anything in their power to sweep things under the rug.... All imho
Hatfield Mick, take a look at the share price and tell me Vog are a success story I dare you!
There are Bulls. There are Bears. This BB has some very polarised bears indeed. Some used to roam ADVFM, maybe it got too hot there. Others play the mascot for Troll Daily News. All in all, heard their chat all before.
By the way, I think I've worked out your strategy with the cut and paste posts. Keep posting huge C&P posts directly following unfavourable posts by certain individuals, with the aim of pushing said posts off the first page or 2 in the hope that fewer people see them unless they trawl back through posts.
Is the reference to "nasty people" about the firingroom post? If so it seems rather short sighted to criticise in such a personal way, someone who is clearly doing the board a service by highlighting possible reasons why PIs appear to be getting shafted. The question is do you accept that the royalties stitch-up could possibly be having an adverse effect and scaring off IIs, particularly in view of other previous failures and missed deadlines. If you have no concerns whatsoever and take the criticisms so personally, then one has to wonder if AJs digs about your true identity are not too wide of the mark.
“The first half of 2016 has been a stabilising period in the Company, as we deliver on our strategy to increase production and grow our pipeline network in Douala, Cameroon. Our market assessment indicates a growing demand for our gas, for both thermal and grid power markets.
The Matanda acquisition was a major extension of our influence in the region, whilst the drilling programme is expected to unlock new reserves for sale to customers. The preparation for drilling at our existing Logbaba production site is complete, and spudding is expected shortly.
Expansion work on the Bonaberi pipeline is on track, and with Gas Sales Agreements in place, we expect to deliver to these new customers before the end of the year. As we deliver on our expansion targets we will look to increase the process plant’s capacity. The settlement of the reserve bonus and termination of the 1.2% royalty was an important matter to resolve and will mean greater revenue for the Company going forward.”
INTERIM FINANCIAL REPORT FOR THE SIX MONTHSED 30 JUNE 2016
Victoria Oil & Gas Plc, the integrated natural gas producing utility, today announces its unaudited interim results for the six months ended 30 June 2016.
In the prior year the Company changed its accounting reference date to 31 December. These interim results report on the six-month period to 30 June 2016, with the comparative period covering the six-month period ended 30 November 2015. Owing to the seasonal nature of our business, where production statistics are reported they will be compared to the equivalent six-month period to 30 June 2015, to provide a more accurate comparison.
-- $23.6 million Revenue (six months to 30 November 2015 was $18.9 million) -- $14.2 million Adjusted EBITDA (six months to 30 November 2015 was $7.9 million) -- $1.9 million Net cash position (at 31 December 2015 was $6.0 million) -- $9.0 million Net cash position at 23 September 2016 -- Cost recovery milestone reached on Logbaba Gas and Condensate Project on 31 May 2016 after which revenues will be shared in accordance with the participating interests
-- 93% average daily production rate increase to 13.1mmscf/d (six months to 30 June 2015 was 6.8mmscf/d)
-- 2,282mmscf of gas sold (six months to 30 June 2015 was 1,525mmscf) -- Phase II Bonaberi pipeline expansion well underway to connect new thermal customers -- Major drilling preparation work completed, drill rig arrived and is being commissioned
-- 75% interest in the Matanda Production Sharing Contract assigned to the Group -- $26 million debt facility secured to support Logbaba expansion -- Group CEO appointed - Ahmet D ik; Group Finance Director appointed - Andrew Diamond
Some very nasty people on this thread, always is when there is money to be made!
"Arbitration, on the other hand, involves two parties in a dispute who agree to work with a disinterested third party in an attempt to resolve the dispute. The arbitration process is private, between the two parties and informal, while litigation is a formal process conducted in a public courtroom."
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