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Michael Masterman talks on WRES potential & Tungsten market


Victoria Oil & Gas Share Chat (VOG)



Share Price: 72.00Bid: 70.75Ask: 72.75Change: -0.375 (-0.52%)Faller - Victoria Oil
Spread: 2.00Spread as %: 2.83%Open: 71.00High: 72.00Low: 70.00Yesterday’s Close: 72.375


Share Discussion for Victoria Oil & Gas


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bigsmoke
Posts: 3,293
Off Topic
Opinion:Strong Buy
Price:72.00
RE: Potential VOG Investment
Today 16:02
hah! that is the first time anyone has said that to me on this BB Rovers66. It is usually quite the opposite. All the best.
 
Rovers66
Posts: 582
Off Topic
Opinion:No Opinion
Price:72.00
RE: Potential VOG Investment
Today 15:42
Bigsmoke,
Can't thank you enough. You've saved me a whole heap of time. I'll crack on with research. Many thanks again you're really kind.
Siliv
Posts: 1,410
Observation
Opinion:Strong Buy
Price:72.00
View Thread (2)
Buys
Today 14:48
Nice buying pressure...blue finish?
bigsmoke
Posts: 3,293
Off Topic
Opinion:Strong Buy
Price:70.75
View Thread (2)
RE: Potential VOG Investment
Today 14:17
Rovers66 - on the contracts, start with: http://www.victoriaoilandgas.com/investors/news/major-gas-sales-agreement-signed-eneo-cameroon and then perhaps read up the "risks" section in teh last set of audited accounts.

In terms of the drills and the data which mitigates that risk - I have to defer to "Know Your Company" on III VOG board. I can't remember his handle here - could be Nostramo - but he goes into the Logbaba formation in great detail.
bigsmoke
Posts: 3,293
Off Topic
Opinion:Strong Buy
Price:70.75
RE: Potential
Today 14:13
afternoon maisydaisy - yes, if the flow rate from the drills is good, and long term contracts for Bassa, Logbaba (including extensions) and Dibamba are secured on same $/scuff and 'take or pay' then we are rocketing past £2K for sure, but Rovers66 etc wanted a few of the risks outlined - however low.
Rovers66
Posts: 582
Off Topic
Opinion:No Opinion
Price:70.75
RE: Potential VOG Investment
Today 14:10
Bigsmoke,
The uncertainty over the contracts is certainly worth 30% discount to NAV - hence the SP so I agree it's probably fairly priced ATM.

All growth investments are risk/reward. But if you are not in then you can't gain the upside.

Thanks again - I need more research my end but you've given me some great pointers. The contract issue is the major one here.
bigsmoke
Posts: 3,293
Off Topic
Opinion:Strong Buy
Price:70.75
RE: Potential VOG Investment
Today 14:09
all fair points, Siliv.
personally, i can not see us not getting the contract. the drill flow rate is and has been the known unknown for me - but, it is now somewhat weakly hedged by the Bomono farm-in.
the gray area is if the flow rate is not good enough to unlock third power contract then do we have enough headroom on the $27M bank facility to go process and hook up current Bomono finds?
maisydaisy
Posts: 1,583
Off Topic
Opinion:No Opinion
Price:70.75
View Thread (3)
Potential
Today 14:08
All way too nice today...!

I myself am always looking at downside factors, whcih are to my mind not too significant at present.

Upside - we have gas, we have proven fields in Matanda (seeps) etc and then 'well to burner tip'. As opposed to a O&G co. looking for say oil, spending lots on drilling with no certainty and then having to sell in the market/POO. Take HUR/Hurricane as an example - yet to make money, may be sitting on a big field, but then IMHO look at the mcap - nearly £700m as opposed to little VOG at £75m.ish.

Get it more right than wrong (drills, ENEO, Dibmaba etc) and we look sooooo substantially undervalued.
Siliv
Posts: 1,410
Observation
Opinion:Strong Buy
Price:70.75
View Thread (2)
RE: Potential VOG Investment
Today 14:01
Yeah Biggy, but for me if there was bad news on the horizon Malcy would be the last person I would drag over to Cameroon, would be easier to spin it without his first hand opinion. Malcy doesn't work for VOG and has tipped us big this year, IMO if there was trouble he would probably be the first to talk it down and out of his bucket list.
Anyway, surely we do not have that long to wait to find out one way or the other.
Exciting times to be a Voggie....GLA!
bigsmoke
Posts: 3,293
Off Topic
Opinion:Strong Buy
Price:70.75
RE: Potential VOG Investment
Today 13:59
thanks Rovers66.
i think everyone knows i am positive and long on VOG but, all things considered, we may be relatively fairly priced until we hear certain, verifiable, factual news.
The only draw back of not holding shares now, is that if the news is good, the SP may fly and the reward of the present risk will be msised. but that is what equity investment is all about - allegedly.
AIMHO and GLA.




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