Login:
Share:
Email Facebook Twitter

VOG Share Chat - RSS Feed

Victoria Oil & Gas Share Chat (VOG)



Share Price: 0.96Bid: 0.95Ask: 1.00Change: -0.025 (-2.54%)Faller - Victoria Oil
Spread: 0.05Spread as %: 5.26%Open: 0.95High: 0.97Low: 0.95Yesterday’s Close: 0.985


Share Discussion for Victoria Oil (VOG)


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


Bordersman
Posts: 2,255
Answer
Opinion:No Opinion
Price:1.03
View Thread (4)
RE: Old Macquarie reports Fag packe..
5 Apr '14
Newgame

yes :- http://www.victoriaoilandgas.com/sites/default/files/VOG-2012-10-08-MacquarieNote.pdf

It only goes up to 28.8 m scufs. As far as I know Macq shows the Logbaba cake ( misleadingly) all at top price for thermal sales.not how its cut up....but does usefuly seem to include Royalties , Fixed costs, and
( U than have to adjust down for- 40% to JG after a couple of years.. aand .Foxes' Dilution ... aaaaand lower net prices after genset hire for gas to genset use......aaaaaaaaand much lower expected price for gas to power station and substation.

Nevertheless evenafter 1 yr with 1.5 m scuf advance......and voglike danglement of 100mmscufs .....it is still possible
to believe a lot more gas may be sold in future.

I am still trying to work out if Condensed gas is the next huge smokescreen or not......but if they can only move forward at 1.5 m scofs pa ...think of the number of gas bottles....tankered cng trips u need to get volume. The business case isnt yet disproven One large cable from Kribi power station ( with its own gas) might get reliable grid supply to Douala.
However it is difficult to believe Actis money is going to fix the grid quickly. Gas at 25% of GdeC thermal price in Nigeria is a sobering thought.

That said 100 m scufs leaked....or was that leached, into our foodchain will keep our interest for a bit.

Mel
 
bornagain
Posts: 82
Off Topic
Opinion:No Opinion
Price:1.03
Morning get together
5 Apr '14
Thought someone from this board was going , anything new?
captcash
Posts: 5,741
Off Topic
Opinion:No Opinion
Price:1.03
View Thread (3)
RE: capt
5 Apr '14
jim...I agree ref Lloyds
its my biggest holding also
should start smoking fairly soon...
watch for nuclear activity,,,the seatbelt light is flashing
some of the bashed banks are were the big money is in the next few years as the economy picks up
bnc a super div payer...a mother of a share imho
im surprised voger has not filled his boots tbh
get_rich_quick
Posts: 2,389
Off Topic
Opinion:No Opinion
Price:1.03
Jinxed.
5 Apr '14
I think almost every time me I've bought in this Sp has dropped.

I pay 1.04. And then the sucker pulls back.

1.43 average. I really can't average down anymore.

'Averaging down' should be re phrased to 'dumbing down'.

Have a pleasant weekend vog'sters.
voger
Posts: 5,152
Off Topic
Opinion:No Opinion
Price:1.03
View Thread (3)
RE: capt
5 Apr '14
jim
the thing with those prices 2-3p.
well look at the scuff forecast at the time.
over time those targets have been missed by a country mile.
bit like doing a drill and saying they will hit x amount of oil a day, and find they are getting nowhere near that.
result drop in value of company. if you dont hit your targets this is what happens,

as for being cash positive after the processing plant is bought.
has it come to relying on cost cutting to scrap too overall cash positive,?
any way, dont think the cost saving will get them to overall profit.
newgame
Posts: 32
Off Topic
Opinion:No Opinion
Price:1.03
View Thread (4)
RE: Old Macquarie reports Fag packe..
5 Apr '14
Thank you for the correction. In my defense it was very late and I assumed as both liquids and gas were displayed in the chart that it was referring to mmscfs/d. 2 years behind schedule sounds about right. For reference, and to easy my mind about my current position, do you still have a link to the larger Macquarie forecasting report getting VOG up to the holy grail of 100 scuffs as adjusting that would be easier for me than these reports. Regards newgame
Bordersman
Posts: 2,255
Answer
Opinion:No Opinion
Price:1.03
View Thread (4)
RE: Old Macquarie
5 Apr '14
Having said that, eventually Nigeria will rue the day it failed to come up with early coherent plans fro gas use , flares most of it and underprices what is used. Cameroon on the other hand is sensibly trying to ensure gas is used for the development of country .

mel
voger
Posts: 5,152
Off Topic
Opinion:No Opinion
Price:1.03
View Thread (4)
RE: Old Macquarie
5 Apr '14
border
it been miss truth after miss truth from the day they started this project.

people can put as much spin on it as they like, but its a fact.

its a wonder they can get through the door with the size of there noses.
bet foos nose grows a few more inches today.
mrJimV
Posts: 7,137
Off Topic
Opinion:No Opinion
Price:1.03
View Thread (3)
capt
5 Apr '14
I dont bet on horses ,lol. but I bet lloyds will be £3.00 in 2016 , that is why I have my biggest pot in it by far , many reasons why , as for VOG being a tip , well at the current SP it is a very strong buy , , i have come to the conculsion that the earlier targets wont get meet though the SP was 2 - 3p then when those targets were out , get the scuffs up now the SP will rise , i believe once the processing plant is bought the current 3.2 scuffs will make VOG cash positive not just GDC.
Bordersman
Posts: 2,255
Answer
Opinion:No Opinion
Price:1.03
View Thread (4)
RE: Old Macquarie
5 Apr '14
Gozo Mike

It is also true that the macq plan shows Logbaba possibilities.

Since it came out Vog Shareholders will lose 40 % of income eventually now that JG has his % ownership back.
Vog has also faced the mother of all dilutions

so at 32 mmcfd/ methinks you would have to adjust first for JG 40% ..then 35%(? to lazy to remember %) for the dilution

Mel



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

Sign up for Live Prices


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.