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Victoria Oil & Gas Share Chat (VOG)



Share Price: 32.325Bid: 31.80Ask: 32.85Change: -0.025 (-0.08%)Faller - Victoria Oil
Spread: 1.05Spread as %: 3.30%Open: 32.05High: 32.90Low: 31.75Yesterday’s Close: 32.35


Share Discussion for Victoria Oil & Gas


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ParanoiaBlue
Posts: 33,807
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:31.75
Sick
Today 16:42
....and how many have been stabbed or shot in London, so far, this year?
 
slicklee
Posts: 219
Off Topic
Opinion:No Opinion
Price:31.75
Unsteady
Today 16:29
Cameroonian authorities have summoned the United States£ ambassador to the Foreign Ministry to have him explain his earlier anti-government comments.

US Ambassador Peter Barlerin was called in to the Cameroonian Foreign Ministry on Wednesday.

Earlier, on May 18, Barlerin had accused government forces of the £targeted killing£ of separatists in the autonomy-seeking English-speaking regions of the country.

£On the side of the government, there have been targeted killings, detentions without access to legal support, family, or the Red Cross, and burning and looting of villages,£ he had alleged in a statement. He had also accused the separatists of £murders of gendarmes, kidnapping of government officials, and burning of schools.£

In related news on Tuesday, the United Nation£s Office for the Coordination of Humanitarian Affairs (OCHA) said around 160,000 people had been internally displaced by the fighting between government forces and separatists in Cameroon. Some 20,000 have sought refuge in neighboring Nigeria, according to OCHA.

Soldiers of the 21st Motorized Infantry Brigade patrol in the streets of Buea, Southwest Region of Cameroon, April 26, 2018. (Photo by AFP)
In 2016, separatists from the Anglophone community in the country stepped up a campaign for greater autonomy.

The minority accounts for about a fifth of the country£s population of 22 million.

Cameroon£s President Paul Biya has rejected the Anglophones£ autonomy demands, prompting radicals to issue a full-blown but symbolic declaration of independence last October.

Armed clashes then ensued between government forces and the separatists.

Many Anglophones in the northwest and southwest regions of Cameroon complain of marginalization in education, the judiciary, and the economy.

Since the end of 2016, at least 120 civilians and at least 43 security forces have been killed in the fighting, according to the International Crisis Group (ICG) think tank.
ParanoiaBlue
Posts: 33,807
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:32.90
VOG
Today 16:22
Steady as she goes - invest elsewhere, if you wish - plenty sinking ships.
Looneylooser
Posts: 9
Off Topic
Opinion:No Opinion
Price:32.90
View Thread (2)
Slicklee
Today 15:26
Thanks for the reminder bones of 300 million up in smoke! My guess is we are running on no more than average 7 million scuffs. Heading for administration imho another one for the aim graveyard. I really hope for everybody£s sake DIK can turn it around but it£s going to be difficult without first cutting off the head of the Hydra.
slicklee
Posts: 219
Off Topic
Opinion:No Opinion
Price:32.90
A reminder. ..
Today 15:19
Hunting for customers
Cameroon-focused gas producer Victoria Oil & Gas (LSE: VOG) received a big blow in January when the company£s largest customer, utility group ENEO, declined to renew its supply contract. The firm£s shares have fallen 32% since this news was announced.

Although a new deal may yet be signed, figures released by the firm today suggest that the outlook for the year ahead is now quite uncertain.

Gas sales to ENEO accounted for 53% of related revenue from the Logbaba project last year. With this source of revenue lost £ temporarily at least £ the group£s finances have been weakened.

Management has been forced to set more modest operational goals for this year. It£s now targeting daily production of 9 million standard cubic feet (mmscf/d) by the end of 2018 if the ENEO contract isn£t renewed.

To put this in context, average daily gas production in 2017 was 10.98mmscf/d, so this guidance represents a cut of at least 18%.

Weaker financial situation
The group£s financial situation has also weakened. Revenue fell from $32.8m to $23.9m last year. Despite raising $23m in a share placing in October, net debt was $14m at the end of 2017, compared to a net cash position of $1.8m at the end of 2016.

As a result of this worsening financial situation, £the company£s previously announced capital expenditure programme for 2018 will be deferred until further clarity is obtained on the ENEO situation£.

The board has maintained its ambitious production target of 100mscf/d by 2021. I£m not convinced that this is realistic. Indeed, if the ENEO contract isn£t renewed very soon, I think shareholders could face further losses.....
rodlin
Posts: 3,410
Off Topic
Opinion:No Opinion
Price:32.90
RE: I think at this stage of the ga..
Today 14:24
He may have hoodwinked you, which speaks volumes, but I don't at all feel hoodwinked.
Looneylooser
Posts: 9
Off Topic
Opinion:No Opinion
Price:32.05
View Thread (2)
I think at this stage of the game
Today 12:05
FOO would prefer VOG to go into bankruptcy and get rid of all the small investors. Then get a mate to pick it up for peanuts. Makes no odds to him whatever happens he is set for life with royalties.
Very sad state of affairs, he really has hoodwinked us all!
bigsmoke
Posts: 6,632
Off Topic
Opinion:No Opinion
Price:32.05
RE: hope
Today 11:42
re big buys - probably malcy. despite being in the bucket list, he has said nothing since feb. overdue a classic malcy ramp to all his minions (if any are left).

worth 240p+ at least! lol
bigsmoke
Posts: 6,632
Off Topic
Opinion:No Opinion
Price:32.05
RE: hope
Today 11:39
RR - markettimer has a model letter for Edenville that can be augmented for VOG to address proper concerns at the BOD and establish a shareholders activist group.
rouseranger
Posts: 213
Observation
Opinion:No Opinion
Price:32.05
hope
Today 11:21
having suffered with you for so long I am in so deep that loss is so much it seems my only chance is he attitude in for a penny in for a pound, have noticed two very large buys including the one very recent and it seems odd that some one should make such a large outlay without a reason , after all a hundred grand is a big buy , we can only grasp the slight hope that some one is showing confidence or knowledge , and to all my fellow sufferers may I with good intent point out that continual moaning on here achieves nothing , and will not alter what our board are doing (IF ANYTHING ) and only continual E.Ms to them or letters might get a response , it is very difficult for most of us to attend a meeting such as an A.G.M and they will take advantage of that fact , lets hope the future beckons well for all of us , we must accept all we have left now is that hope , my regards and best wishes to you all




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