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Victoria Oil & Gas Share Chat (VOG)



Share Price: 1.77Bid: 1.75Ask: 1.78Change: 0.005 (+0.28%)Riser - Victoria Oil
Spread: 0.03Spread as %: 1.71%Open: 1.78High: 1.78Low: 1.77Yesterday’s Close: 1.765


Share Discussion for Victoria Oil (VOG)


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voger
Posts: 6,181
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Opinion:No Opinion
Price:1.60
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RE: game changer when announced
21 Aug '14
i also feel another top up coming.
 
voger
Posts: 6,181
Off Topic
Opinion:No Opinion
Price:1.60
View Thread (25)
game changer when announced
21 Aug '14
we were told that the power station that was going to be supplying 20 MW would be taking 4.3 scuffs,
so 50MW should be taking over 10 scuffs.
so we will be near or at full capacity very soon.
just need to know at what price we will be selling the gas to them.

i feel a BOOM coming.
voger
Posts: 6,181
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Opinion:No Opinion
Price:1.59
inthepot
21 Aug '14
yes i was told about this a few weeks ago, but was told it was going to be announced in the next few days.
so better late than never.
naks
Posts: 1,681
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Price:1.59
View Thread (3)
RE: looking promising
21 Aug '14
twojays

that is the problem we here our info from other parties before VOG get round to it, take the delay from Dangote we heard it direct from them before VOG mentioned it in the RNS.
twojays
Posts: 305
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:1.58
View Thread (3)
RE: looking promising
21 Aug '14
need vog to confirm , great news
inthepot
Posts: 10
Research
Opinion:Buy
Price:1.58
View Thread (3)
looking promising
21 Aug '14
hxxp://www.agenceecofin.com/electricite/2108-22223-aes-sonel-produira-50-mw-d-electricite-a-douala-grace-au-champ-gazier-de-logbabaAES Sonel will produce 50 MW of electricity through Douala gas field Logbaba
AES Sonel will produce 50 MW of electricity through Douala gas field Logbaba
Comments - Thursday, August 21, 2014 7:52
Tags: Gas Cameroon AES Sonel VOG Songloulou Cameroon
inShare

(Agence Ecofin) - The concessionaire of public electricity service in Cameroon, AES Sonel, will present in the coming days to the Cameroonian government, a project to produce 50 MW of power in the economic capital of the country, thanks to gas Gas supplied by the Cameroon subsidiary of Victoria Oil & Gas, British company that operates the gas field Logbaba.

According to the new CEO of AES Sonel, Joel Nana Kontchou, this project will not only "face the accused delay in the commissioning of the extension of the Central Kribi gas (to get its production capacity from 216 to 330 MW), originally scheduled for 2015, "but also" to start the rehabilitation of the central Songloulou with stop two groups over a period of nearly six months. "

Built on the dam Songloulou, the eponymous hydropower plant is one of the largest in the country. On a production capacity of 385 MW, this infrastructure built in 1976 provides power to the entire southern part of Cameroon, with the exception of the three northern regions, which are supplied with electricity from the Lagdo dam.
LOGGYBOG
Posts: 143
Premium Chat Member
Observation
Opinion:No Opinion
Price:1.60
View Thread (2)
RE: Ha ha
21 Aug '14
Please do not make fun of Brock, he has enough to put up with!, without bad jokes about Badgers. :-((
forest4032
Posts: 3,289
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Opinion:No Opinion
Price:1.60
View Thread (5)
RE: Kemerkol
21 Aug '14
4/ contd
Alhambra Resources Ltd RNS Nov 18 2008 – the court hearing was adjourned to a second hearing scheduled for November 24, 2008

Alhambra Resources Ltd RNS Nov 26 2008 – The Economic Court has ruled in favour of Marsa and Teragol, the claimants

Alhambra Resources Ltd RNS Dec 29 2008 – The Eastern-Kazakhstan Oblast Court ("Oblast Court") rejected Alhambra's appeal

Alhambra Resources Ltd RNS Feb 12 2009 – The ownership of Saga Creek Gold Company LLP ("Saga Creek") re-registered in the names of Marsa Aktiengesellschaft

Alhambra Resources Ltd RNS Mar 12 2009 – The Supervisory Chamber of the Eastern-Kazakhstan Oblast Court ("Supervisory Chamber") upheld the claim filed in Kazakhstan by Marsa Aktiengesellschaft

Alhambra Resources Ltd RNS Apr 14 2009 – The International Arbitration Court (the "IUS") in Kazakhstan has ruled in favor of Alhambra's lawsuit filed against Saga Creek Gold Company LLP ("Saga Creek") in the amount of approximately US$21.5 million. This amount represents the capital Alhambra has advanced to Saga Creek

Alhambra Resources Ltd RNS Aug 12 2009 – The five member panel of judges representing the Supreme Court of the Republic of Kazakhstan (the "Supreme Court") heard the Corporation's appeal to overturn the decisions of the lower courts of Kazakhstan which invalidated the original agreement whereby Alhambra purchased Saga Creek Gold Company LLP ("Saga Creek"). As a result of this hearing, the Supreme Court issued a verbal ruling reversing the decisions of the lower courts and dismissed the plaintiffs' claim. The formal written decision will be forthcoming

Alhambra Resources Ltd RNS Sep 22 2009 – received official ministerial approval from the Republic of Kazakhstan notifying the Corporation that the shares of Saga Creek were successfully re-registered back into Alhambra's name effective September 15, 2009. As a result, Alhambra has regained ownership and full control of Saga Creek

I’d recommend having a read through some of KYC’s well researched posts to get the full story. http://www.iii.co.uk/profile/public/?threshold=0&nick=KNOW%20YOUR%20COMPANY&pageno=9&subtype=listposts&cd=5065a03b0c842c84f9a43e97f8f8782f&user_id=4392949

William Kelleher was the VOG’s MD until his resignation in 2007 see this RNS for details of the Kemerkol acquisition: http://investegate.co.uk/Article.aspx?id=200502210751308120I

thanks to everyone concerned collecting this info ATB F
forest4032
Posts: 3,289
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Price:1.60
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RE: Kemerkol
21 Aug '14
3/ contd
Alhambra does not believe the Courts of Alberta should have intervened in the dispute over the Kemerkol License, denies all allegations in the Statement of Claim and intends to vigorously defend the action commenced by the Plaintiffs, even though no compensatory damages are being sought from Alhambra. Alhambra will continue to monitor the dispute regarding the Kemerkol License and take whatever actions the board of directors deem necessary in the best interests of Alhambra, subject to the terms of the temporary injunction while it subsists

Victoria Oil & Gas RNS Oct 1 2008 –
Update – further to its announcement of 25 April 2008, [VOG] announces an update on the claim brought against its Kazakh subsidiary Victoria Energy Central Asia LLP, ("VECA") the holder of the Kemerkol licence in Kazakhstan ("the Asset"). The Company maintains that the claim has no merit.

VOG has been successful in gaining a judgement in default in the High Court of Justice in London against Ms Olga Elefteriadi for breach of warranties under the sale and purchase agreement signed between her and the Company. Damages for the breach will be established in due course and VOG expects the amount to be at least £8.5 million, the consideration paid for the Asset.

VOG has also been granted an injunction by the Court of the Queen's Bench in Alberta, Canada against Ms Elefteriadi, Saga Creek Gold Company LLP ("Saga Creek") the previous licensee of Kemerkol and its parent company, Alhambra Resources Ltd (listed on the Toronto Venture and Frankfurt Stock Exchanges). This injunction prohibits the sale or transfer of the Asset to any third party until further notice.

This injunction was obtained following the Company receiving confirmation that Saga Creek had applied to the Kazakh Ministry of Energy and Mineral Resources for permission to sell the Asset to a third party.

The Company is continuing to prepare its appeal to the Supreme Court of the Republic of Kazakhstan and further information will be given in due course

Alhambra Resources Ltd RNS Oct 06 2008 – announces that on October 3, 2008 it was served with a legal claim filed in Kazakhstan that seeks to invalidate the original Partnership Unit Purchase and Exchange Agreement dated March 21, 2002 whereby Alhambra purchased Saga Creek Gold Company LLP. Alhambra disagrees with the claim, believes that the 2002 agreement is valid, and intends to take all possible measures to defend its position. A court hearing is scheduled for October 15, 2008 in Kazakhstan.

Alhambra Resources Ltd RNS Oct 16 2008 – motion to dismiss the litigation for lack of jurisdiction in favor of arbitration was dismissed by Kazakhstan court

Alhambra Resources Ltd RNS Oct 30 2008 – the court hearing was adjourned to November 17, and transferred to the Civil Case Review Board of the East Kazakhstan Oblast Court (the "Review Board")

Alhambra Resource
forest4032
Posts: 3,289
Off Topic
Opinion:No Opinion
Price:1.60
View Thread (5)
RE: Kemerkol
21 Aug '14
contd
Alhambra Resources Ltd RNS Sept 30 2008 – as a result of litigation in the Republic of Kazakhstan to which Alhambra was not a party, legal title to the Kemerkol subsoil oil and natural gas contract no. 1580 (“Kemerkol License”) has been recently reinstated to Saga Creek Gold Company LLP (“Saga Creek”), Alhambra’s wholly owned subsidiary in the Republic of Kazakhstan

Full RNS:
CALGARY, Alberta - Alhambra Resources Ltd. ("Alhambra" or the "Corporation") announces that as a result of litigation in the Republic of Kazakhstan to which Alhambra was not a party, legal title to the Kemerkol subsoil oil and natural gas contract no. 1580 ("Kemerkol License") has been recently reinstated to Saga Creek Gold Company LLP ("Saga Creek"), Alhambra's wholly owned subsidiary in the Republic of Kazakhstan.

By way of background, in 2003 Alhambra directly and indirectly purchased all of the issued and outstanding units of Saga Creek. In connection with negotiations related to this transaction, it was agreed that the vendor ("Vendor") of the Saga Creek units would retain beneficial ownership of the right to receive the Kemerkol License, once it was issued. In keeping with that agreement, the Kemerkol License was transferred to the Vendor when the Kemerkol License was issued by the Republic of Kazakhstan in 2005. After a series of subsequent transactions and court decisions in the Republic of Kazakhstan not involving Alhambra, title to the Kemerkol License has been recently reinstated to Saga Creek.

Victoria Oil & Gas PLC, Feax Investment Co. Ltd. and Victoria Energy Central Asia LLP, (collectively the "Plaintiffs") claim entitlement to the Kemerkol License but were unsuccessful before the courts in the Republic of Kazakhstan. Consequently, they commenced legal proceedings in the Court of Queen's Bench of Alberta on September 26, 2008 against Alhambra and others to prevent Alhambra and Saga Creek from disposing of the Kemerkol License until entitlement thereto has been determined by the courts. The Court granted a temporary injunction in that regard on September 26, 2008. The action alleges that the Vendor acted fraudulently regarding the Kemerkol License and along with restoration of the Kemerkol License claims for punitive damages of $5,000,000 from all the defendants. Alhambra believes there is no prospect that it could be found liable for such damages.

As for the entitlement to the Kemerkol License, Alhambra does not now and has never claimed a beneficial interest in the Kemerkol License nor has it ever been material to its gold mining business and operations in the Republic of Kazakhstan, and views itself as being unfortunately involved in third party litigation regarding the disputed ownership of the license.
Alhambra does not believe the Courts of Alberta should have intervened in the dispute over the Kemerkol License, denies all allegations i



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