Sharecare care , Vog is not underperforming , britannica put a pilot hole through no problem , they were reaming out and hit hard rock and burnt out the bit , they have connected a reinforced bit now and will ream out which will take the time as it is a slower process but will be completed in the next few weeks , if you dont like drilling then you should invest in a different type of stock ,
So, nothing has changed. Really?? I first invested when there were only two newly completed wells. Since that time I have witnessed a processing plant being built, kilometres of pipe being laid, customers coming on stream. Yes, things are way behind schedule but I'm happy to wait as long as it takes.
I suppose you could argue (glass half full and all') that at least Britanica have brought in a second team to begin laying the pipework to the new customers.
Whether they were brought in a long time ago or just now, either way, I'm sure they want to complete as much as we do.
" In addition to the river crossing, a second Britanica team, using a smaller horizontal directional drilling machine, will be laying 400m of pipe into the Magzi Estate and finalising the connection from the main line to the river crossing entry point. These ancillary works are expected to be completed around the same time as the river crossing and accordingly, once the river crossing is complete, the first 3 customers at Magzi Estate are expected to commence consumption of gas. "
Like many on here we have been patiently waiting some 3-4 years for the truth and profit, we do get rns’s from time to time just like today but any reasonable company would off set some delays / bad news with some snippets of good news ie, more customer connection or increased scuffs etc etc. BUT NOT vog. Many on here have / do say nothing has changed the fundamentals are still good the profit will come and we just need to sit tight a bit longer. Well they are correct nothing has yet changed, after 3-4 years we still haven’t started making a profit for vog in total, we still haven’t connected enough customers ,we still haven’t delivered enough scuffs as planned. For all those new comers just invested will you be saying the same things in 2-3 years time.?
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