This share does begger belief , with an ave of £1.90 and watching this drift down from 84p ish down to 70p over the last few weeks I thought dam it and bought more to top up and bring my ave down a little, so I bought more at 70p. Great I thought it can now only go one way, but NO it’s down again, It make one want to just give up doesn’t it.
Though it is written off financially, it's still something that could eventually attract a buyer, not Lukoil though. They are big time multi-national players and seemed to be positioning themselves to bid for Russian/ Norwegian blocks in the Arctic last time I looked at them.
I would sooner West Med stay on a back burner for the time being though as any offer would most likely totally undervalue the potential.
I agree with all of that JTD. This BB is well informed and going on about the same old stuff day in day out just isn't needed. I suspect that VOG will issue odd RNS with smaller thermal customers coming on-line with cash now available to assist in the connection process.
But every 'green day' is another day closer to drills and larger fish - CNG for one. Once drills done and I hope successful, the march (underground plastic piping!) to Dibamba will start.
bigsmoke., don't be so negative, VOG are looking to be in a very strong position to prosper and a little dip in share price is par for the course.
VOG is one of my largest shareholdings and has been for a long time, and I'm more likely to buy more than sell, it is my belief that is the case for many other shareholders. But we are all cautious through past experience and buy on the dips. We need new unscarred investors to push the share price up.
Don't worry about the bb being quiet it will liven up as soon as there is news.
Some of you will know that I have been very critical of blvn in the past, mainly in response to comments about then hurting VOG. Events have moved on, blvn have received their cash and now have Lukoil as a partner. Lukoil are not your normal inefficient Russian oily that relies of their government to prop them up with advantageous arrangements they are a very Savvy private operator. In light of that and the comments from KF recently about the possibility of a future deal with blvn I took a small shareholding yesterday.
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