Register
Login:
Share:
Email Facebook Twitter

VOG Share Chat - RSS Feed

Victoria Oil & Gas Share Chat (VOG)



Share Price: 1.30Bid: 1.27Ask: 1.30Change: 0.08 (+6.56%)Riser - Victoria Oil
Spread: 0.03Spread as %: 2.36%Open: 1.24High: 1.30Low: 1.22Yesterday’s Close: 1.22



Share Discussion for Victoria Oil (VOG)


Thread ViewThread View
Please Login or Register to post messages
Posts per page:


MagneticMan
Posts: 77
Research
Opinion:No Opinion
Price:1.47
Actis and seven energy
10 Jul '14
Morning all...Does anyone think Actis could invest/takeover GDC...some really interesting info on the Actis website..

At the forefront of the nation’s embryonic gas market, Seven Energy, an upstream oil and gas company, has become a champion domestic gas producer, transporter and supplier. Founded in 2004, it focuses on two core areas of operation, the South East Niger Delta (Akwa Ibom) and Kwale.

Since Actis invested in Seven Energy in 2008, it has worked with the company to maximise its existing assets and will also help it to explore acquisition, partnership and investment opportunities as the Nigerian government and big oil and gas multinationals divest some of their marginal assets. Minimising the social and environmental impact of all projects is vital to Actis and its Environmental, Social and Governance team have worked alongside Seven Energy to ensure it meets with all IFC Performance Standards. International consultants, Environmental Resources Management (‘ERM’), have also been engaged to accelerate the achievement of these objectives in 2011. The aim is to turn Seven Energy into Nigeria’s leading gas development and production company targeting 300 MMboe (Million Barrels of Oil Equivalents) reserves and 100,000 boepd (Barrels of Oil Equivalent Per Day) production by 2014.
 
maisydaisy
Posts: 879
Off Topic
Opinion:No Opinion
Price:1.51
View Thread (6)
RE: Morning market...thats us
10 Jul '14
To answer your question - processing plant on itself is a cost saving but should lead to maiden profit. So on that front - very positive news.

I suspect that nothing is priced in until 'the day' and then it is down to sentiment and momentum. Don't know a lot about them, but a few days ago, ROSE were up, issued dilution RNS and stayed up. Yest dropped on no news. No rhyme nor reason.
maisydaisy
Posts: 879
Off Topic
Opinion:No Opinion
Price:1.51
View Thread (6)
RE: Morning market...thats us
10 Jul '14
I don't think 'the market' has a clue!

On ADVF a poster saying Times has VOG dropping yest as investors ran due to late river crossing....no mention of 40% price rise beforehand.

My point is that we all make assumptions, me included and the Times, that are majorly flawed, and always will be. As is the 'market' or us!
im-_-useless
Posts: 4,054
Off Topic
Opinion:No Opinion
Price:1.51
View Thread (6)
RE: Morning market...thats us
10 Jul '14
Maisy

Thanks for your comments , what event is breached when we purchase the processing plant?
if the market has already priced this in then would you say that the market has priced in group cashflow positive?
Bate
Posts: 934
Off Topic
Opinion:No Opinion
Price:1.51
View Thread (3)
RE: I don't think news will come th..
10 Jul '14
Buzz,

I'm expecting the share price to slowly climb every day now.

Yesterday lots of the sellers were buyers on the climb hoping for take over news in my opinion.

By August I would expect us to be in the 2p's. Let's wait and see.....
buzzlightyear4
Posts: 5,308
Off Topic
Opinion:No Opinion
Price:1.51
View Thread (3)
I don't think news will come this..
10 Jul '14
week,any news they had would of been in the RNS......

Now fidelity have gone,I feel a range from 1.40-1.60 till news....

Good luck all...
maisydaisy
Posts: 879
Off Topic
Opinion:No Opinion
Price:1.51
View Thread (6)
Morning market...thats us
10 Jul '14
Good to see what the market has priced in and hasn't.

Processing plant purchase is priced in, any value for WM and Kem isn't.

Deffo not L&G posting since e didn't know hat a P/E ratio is and not sure why Chris is doing P/E calcs when they are applicable t AIM apparently. LOL
eddypinder
Posts: 71
Off Topic
Opinion:No Opinion
Price:1.51
ACTIS
9 Jul '14
I have no doubt there has been negotiations going on for sometime between Vog and Actis, in an earlier statement Vog was to supply gas for thermal and electricity to Dangote, now just thermal, so there must have been some incentive for Vog to allow this to happen, secondly gas is cheaper than heavy fuel, cleaner and less transportation costs, plus Actis get a reduction on loan. There is only 1 gas pipe network in Douala Vog's, there is no other competition, so I have no doubt Vog will supply the gas that Actis needs! the negotiations will obviously consider cost per scuff, term of contract, cost of gensets, reliability, Actis could potentially require 20 scuffs for all plus maybe additional future mini power plants for industrial estates etc so time scales will come into factor as well and finally, i think dry season starts in September/October so things will have to be sorted soon, or more blackouts would give Actis bad reputation.
buzzlightyear4
Posts: 5,308
Off Topic
Opinion:No Opinion
Price:1.51
Logg drop
9 Jul '14
Lol.....

Binned!!
im-_-useless
Posts: 4,054
Observation
Opinion:No Opinion
Price:1.51
RE: Chris211
9 Jul '14
L&g
How can you think plant purchase is priced in?
With the plant purchase VOG become group cash flow positive.
That is not priced in
However that is my opinion & you are entitled to yours.
We will only tell if the price goes up or stays the same when that news is announced



Share Trading BrochureRequest your Free brochures on share dealing, spread betting and CFDs

Sign up for Live Prices
Home  |  Contact Us  |  About Us  |  Careers  |  Advertise with Us  |  Sitemap  |  Terms & Conditions  |  Cookies  |  Privacy


Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.