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Victoria Oil & Gas Share Chat (VOG)



Share Price: 55.00Bid: 54.50Ask: 55.00Change: 0.00 (0.00%)No Movement on Victoria Oil
Spread: 0.50Spread as %: 0.92%Open: 54.25High: 55.50Low: 54.00Yesterday’s Close: 55.00


Share Discussion for Victoria Oil & Gas


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JRich20020
Posts: 413
Answer
Opinion:No Opinion
Price:55.00
View Thread (3)
RE: Bomono
Sat 18:05
The three sites are all separate JV's and are operated through 3 subsidiaries. Bowleven is the JV partner for Bomono, Afex for Matanda and RSM for Logbaba. RSM have no interest in B or M other than their share of the tolling fee which will be charged for using the GDC pipeline where applicable. This has been mentioned in the notes on Bomono. It is possible the gas from Matanda will be piped directly to power plants after processing. Who pays for the pipelines I guess will be subject to negotiation. Dibamba is, according to Globelec, 20 km from Douala so a substantial investment in pipelaying.
 
oldtimer
Posts: 4,019
Observation
Opinion:No Opinion
Price:55.00
Bomono
Sat 14:47
It would be interesting to have some confirmation regarding the agreement with RSM ,we all know about the tie up with the current wells , but will they / do they have any legal share of bomono or Matanda in revenue or costs.
maestro1
Posts: 3,224
Off Topic
Opinion:Strong Buy
Price:55.00
RE: Morning diluters...
Sat 13:02
Yes in the past vog screwed up big time in russia, everyone thought they would go bankrupt but they didn't they packed up and moved to Cameroon.

They found gas, built the infrastructure from scratch, here we are...

Foo has said they expect this well to produce at 20mmcfd this will add significantly to current production, now they have the large supply the buyers can be confident vog can supply. Big buyers will definitely sign the contracts for gas..
maisydaisy
Posts: 1,680
Off Topic
Opinion:No Opinion
Price:55.00
Morning diluters...
Sat 11:46
Can't see the worries with dilution if it is for the 'right' reason. E&O cos face massive barriers to entry - primarily drilling to extract.

See many E&Os sp increasing massively with the first sign of carbon with the then thorny issue of how to extract sidelined. With little of no cash flow, the only cap raise will be by issuing shares - possiobly several times and then the consol . There are then the cos that have done this several times and have no money, cashflow or real market for their shares that are raising cash to purely just survive and often they don't. One duster and the lights are out too. VOG were in the above categories some years ago - not now

VOG have I would think and good credit line with Cam Bank, have RSM paying its way at Bomono (and SNH) and Matanda is a JV too.

They have cash flow for debt, could issue a line of Bonds possibly and may well have to dilute - raising say $20m to open up a $100m reserve is good business, and economies of scale may make all 3 paths necessary to use and at the same time if warranted - so not the 'how' but 'why' imho.
Bordersman
Posts: 3,988
Answer
Opinion:No Opinion
Price:55.00
View Thread (2)
No equity fundraise
Sat 10:02
3 card

Well VOG already covers its fixed costs so the VOG share of free cash flow will contribute. Kevin also noted JV partners for future exploration. (Matanda and Bomono and possibly Etinde) ..so it would be high risk for VOG to undertake new exploration wthout JV partners.

VOG can obviously work spreadsheets and do leverage sensitivity analysuis... and so are unlikely to blow their cash generative position by undertaking excess risk.

So dilution just isnt inevitable. It is likely if there is a huge low hung fruit to pick by takeover. Bowl probably has $70M sitting idle,

Mel
3cardbrag
Posts: 2,364
Off Topic
Opinion:No Opinion
Price:55.00
Fundraise
Sat 09:30
Inevitable within next 2 or3 years. We're just not making enough profit to fund from cash flow, especially given Savannah performance.
Victoryv
Posts: 186
Off Topic
Opinion:No Opinion
Price:55.00
No questions
Sat 00:38
On how matanda and boroneo will be funded ,there will be a fund raise !!!
Victoryv
Posts: 186
Off Topic
Opinion:No Opinion
Price:55.00
Just watched video
Sat 00:37
Kevin sounded really up beat 2018 starting with a boom lol , I've noticed these interviews never seem to question or put Kev on the spot reguarding lack of customers
maestro1
Posts: 3,224
Off Topic
Opinion:No Opinion
Price:55.00
foo video
Fri 23:47
https://www.centralcharts.com/en/news/907003-victoria-oil-gas-expecting-la-107-to-be-a-substantial-producer

whats interesting he says after the wet season he expect gas production to return to 15mmcfd and in beginning of 2018 start with a big bang.

Foo is expecting the well to flow at 20mmcfd, thats very good just need the new contracts
undertheraydar
Posts: 70
Off Topic
Opinion:No Opinion
Price:55.00
hottrader
Fri 19:20
We ALL want up up and the fact there was no retrace today and with flow test by only 1st week in sept I'm positive we will see up up.
How's that?




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