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Victoria Oil & Gas Share Chat (VOG)



Share Price: 0.96Bid: 0.00Ask: 0.00Change: 0.00 (0.00%)No Movement on Victoria Oil
Spread: 0.00Spread as %: 0.00%Open: 1.09High: 1.09Low: 0.96Yesterday’s Close: 0.96


Share Discussion for Victoria Oil (VOG)


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rodlin
Posts: 2,179
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Opinion:No Opinion
Price:1.01
Fair Do's
4 Apr '14
I give up. Enjoy the rest of your day.
 
im-_-useless
Posts: 3,918
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View Thread (5)
RE: Why would anyone
4 Apr '14
What is positive about the RNS?
nothing that we didn't know already? why would you order more gens which we may or may not be paying rent on when you can only install half of them.
"Extensive surveying of customer sites and power transition planning must take place before engineering work starts" how extensive? how long have the gensets been out of customs? has this "Extensive surveying" already been performed?
maisydaisy
Posts: 571
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Opinion:No Opinion
Price:1.01
Thoughts.
4 Apr '14
Not a rocket powered RNS - but steady.

If you taek whjat SHOULD happened by 2014 year end -

5 Gensets, Dangote, Bonaberi, Buetec and Home', then should be approaching probably 6-7 scuffs. And we are in April now. That would give group profitability and some.

Thought buying CNG plant interesting but even more so the buying of leased gas processing plant. Seems VOG confident in cashflow. Will also reduce the scuff b/even.

Nothing on WM - purely a Logoba RNS.

So hold, may add.
chris211
Posts: 653
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Price:1.01
Rodlin,
4 Apr '14
Can you show me a good RNS? I believe in 2013 VOG were forcasting double figre Scuffs?

Here we are a short while after the last update and we are doing 0% more. Lots of nice words and lots of forward visions but at the end of the day where are the results?

Not a bad RNS as I said below. But it is still lower than they were predicting just this time last year.
rodlin
Posts: 2,179
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Price:1.01
View Thread (5)
RE: Why would anyone
4 Apr '14
lutonnews. I appreciate all the smoke and mirrors we have witnessed over the years, and on many occassions, been gutted when things were going truly pearshaped and we were stung by a massive dillution. But times have changed, and the company is now going in the right direction. I just wish some posters would change the record. No matter how good an RNS is, there will be some that will dissect it, purely looking for something negative to say.
The RNS today was in no way negative. IMO. Things continue to move along, abeit slowly.
im-_-useless
Posts: 3,918
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Price:1.01
View Thread (2)
RE: chris
4 Apr '14
Sage - do you really believe VOG have the foresight to prepare the pipeline on the other side of the river?
chris211
Posts: 653
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Price:1.01
Sage
4 Apr '14
I would be very interested to know the cost of the pipe line.

If I were going to the event on Saturday I think my questions would be,

How much do we currently have in the bank?
How much will this pipeline cost us?
How much are operations costing on a month by month basis?

VOG miss targets, its as simple as that. They must not allow this network to overun even if it is fixed costs. All the time precious resources are diverted to this pipeline directors and workers wages are getting paid out and the group are burning through a back log.

I still maintain that they would hae been better to focus on the cronic underperformance at Logbaba operations, esure the scuffs etc are up and once the company is cash positive frankly they can spend the money how they wish without risk to shareholders.

What must not happen here is a RI in 18 months time. Once the next one comes, and I think that mid term there is a good chance of that, it will pretty much be game over.

I shall continue to sit on the sidelines with my banked profits for the time being. I am still awaiting a gamechanger and at the moment one is not in the pipeline.
oldtimer
Posts: 1,939
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Price:1.01
RNS
4 Apr '14
So the river crossing is at this stage only scheduled to start drilling in May, so that could be near the end of May and take approx 40 days, so we are talking about end of July for pipeline completion, then customer connection could be August.
First genset ready for connection in May, the other 2 who knows. I think we will be very lucky to get to 5 scuffs by year end.
shareking1
Posts: 28
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Opinion:No Opinion
Price:1.01
invester show
4 Apr '14
kf will say anything to keep his good wages coming in he has thick skin
lutonnews
Posts: 2,558
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Price:1.01
View Thread (5)
RE: Why would anyone
4 Apr '14
Hi rodlin
Two sides to the coin here.
Self defeating yes , but some of the tosh that KF has spouted deserves an explanation.
Probably only way to get a decent response by conversing directly with the man.
From my experience re vog presentations / agm etc. Shareholders who attend usually return home with a positive feeling as they would have been told exactly what they wanted to hear, not unfortunately how it is.
The RNS was more or less what I expected with one nice surprise, although imo far too brief for an operational update.
I am with you regarding being at ease with my investment here and happy to hold for the longer term .
Bit of the rabbit and the tortoise syndrome with vog .
I hope the ruddy tortoise at some stage decides to sprout wings.
ATB



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