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Is the Bull Market over? Andre Minassian says no! Watch here

Is the Bull Market over? Andre Minassian says no!


Victoria Oil & Gas Share Chat (VOG)



Share Price: 34.75Bid: 34.50Ask: 35.00Change: -0.25 (-0.71%)Faller - Victoria Oil
Spread: 0.50Spread as %: 1.45%Open: 34.50High: 34.75Low: 34.25Yesterday’s Close: 35.00


Share Discussion for Victoria Oil & Gas


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SpaceHoppa
Posts: 2,242
Off Topic
Opinion:No Opinion
Price:34.50
RE: Call this progress
Today 14:07
''I would be surprised if we hit 16-18nnscf/d, more like 8-9 at best ''

You confusing peak daily
with year average
 
keith1
Posts: 2,760
Off Topic
Opinion:No Opinion
Price:34.50
oldtimer
Today 13:59
13,2 scuffs Ave quarter i2016
let us wait and see what the same quarter update brings
this year,will be interesting,i think
oldtimer
Posts: 3,551
Observation
Opinion:No Opinion
Price:34.50
Call this progress
Today 13:53
Here are some of last years rns’s
Jan 2015 trading up-date
The 14 days to 17 January 2016 produced an average production of 15.3mmscf/d with a peak of 16mmscf/d
April 2016 Trading up-date
13.2mmscf/d Q1 2016 average gas production
The key corporate and operational objectives for the Group for 2016 are to:
Increase gas supply to customers by 30% over 2015 levels
· Successfully complete a two well drilling program for expansion of gas reserves
· Complete designs for increasing the gas treatment plant capacity to 40mmscf/d
Expansion of gas reserves to feed expanding market
GDC will be drilling two new wells on the Logbaba concession in 2016, with spudding of the first well anticipated by mid-year. Both wells will be drilled on the current Logbaba site with well LA107 a twin of well LA104 (previously drilled in the 1950's) and well LA108 a step out well adjacent to known formations

I would be surprised if we hit 16-18nnscf/d, more like 8-9 at best but we should be much more than that after adding more customers, something is just not panning out as they should be are.
SpaceHoppa
Posts: 2,242
Off Topic
Opinion:No Opinion
Price:34.50
RE: Space
Today 13:42
Nobody knows the longer term, but going of past form
the price all but doubled when the Eneo deal was afoot
Visability of earnings, coupled with extra thermal customers
& drill results, & processor expansion
''could'' finally re-rate Vog
3cardbrag
Posts: 1,869
Off Topic
Opinion:No Opinion
Price:34.50
Space
Today 13:26
I absolutely agree with you that the contract will be renewed in some form to prevent the lights going out. Just not sure how things will pan out longer term
SpaceHoppa
Posts: 2,242
Off Topic
Opinion:No Opinion
Price:34.50
Trading opportunity
Today 13:20
As we are due the 4th quarter update on Monday week
which will also say Q1 now selling 14 or 15mmscf/day etc
& will mention the latest drill depth, I feel
& may mention extra connections
& may mention that Eneo deal is still being negotiate
I bought another 4500, to add to my 39pence punt
SpaceHoppa
Posts: 2,242
Off Topic
Opinion:No Opinion
Price:34.50
RE: Re: OT re 08.43
Today 13:10
I know that Brag
however it prompted my thoughts to what would Eneo do if not renewing the contract
& I can not see gas gensets being removed
& diesel gensets being bought, or rented
So Eneo have a choice I feel
of re-newing, or decommisioning 2 power supply plants in Douala
I can not see the latter choice being popular
when the lights go out!
3cardbrag
Posts: 1,869
Off Topic
Opinion:No Opinion
Price:34.50
Re: OT re 08.43
Today 12:53
Space - I was joking Bud. I'll add a LOL next time
keith1
Posts: 2,760
Off Topic
Opinion:No Opinion
Price:34.50
banjo
Today 11:55
click on vog share News
regulatory
and it goes back through all rns,s vog ever made
number five second from bottom
and if you care to see fromthe beggining of vog
just Keep going
the complete history is there
but i shouldn,t Need to tell you that
SpaceHoppa
Posts: 2,242
Off Topic
Opinion:No Opinion
Price:34.50
RE: OT re 08.43
Today 11:50
''convert the power plants back to oil fired''

That is the crux of the matter
These plants, Logbaba & Bassa, are basically for back up & dry season use
I can not see Eneo removing the new gas gensets, & refitting with new fuel oil gensets
Why would they?? Gas is cheaper, cleaner, & no Hfo storage requirements
So Eneo, as I see it, either continue with gas gensets
or scrap having Logbaba & Bassa power stations!!




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