The share price is unknown but it stands a better chance of improving when there is more confidence in the company to which it belongs, and the company in question is verging on profitability with better sales to come!.
The heading of Fridays RNS below states that VOG has reached a level of gas sales that the GDC operations are at break even but the the final paragraph states that at 3.2mmscf/d GDC is actually above breakeven.
On reading the RNS on Friday I had not noticed the key part in the final paragraph.
Victoria Oil & Gas PLC 21 February 2014 (AIM: VOG) Victoria Oil & Gas Plc Operational Break-even Achieved, Cameroon
Highlights • Gaz du Cameroun operational break-even on a cash flow basis achieved Average 3.2mmscf/d rate achieved to date during February 2014
Victoria Oil & Gas Plc ("VOG" or "the Company"), the emerging African energy utility company, today announces that gas supplied to customers by the Company's operating subsidiary, Gaz du Cameroun ("GDC"), has averaged 3.2mmscf/d for February production to date. At this supply rate the Company is pleased to confirm that GDC is now above break-even on a cash flow basis.
It is about time the market started to revaluate VOG
I hope you are right but I have seen AIM Companies with little to offer do well when the investors are supportive. This company is turning a corner and there is no reason why it should not grow. How much will depend on investor confidence.
I have been in this share for about three years. I have been confident of the potential but as someone said on here recently, sentiment is important and when the investors are ****ging off the company, there is not a lot going for it. For this reason, I have kept my investment below a million shares and averaged down to 2.2p. For the first time, I now feel confident in growing my investment. I feel this way because not only has the company got potential but, I now think the investors have too. I think Kev has done a good job to date and the investors are beginning to lose their death wish.
Datafeed and UK data supplied by NETbuilder and Interactive Data.
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.