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Victoria Oil & Gas Share Chat (VOG)



Share Price: 60.00Bid: 50.00Ask: 75.00Change: -1.00 (-1.64%)Faller - Victoria Oil
Spread: 25.00Spread as %: 50.00%Open: 61.50High: 62.00Low: 60.00Yesterday’s Close: 61.00


Share Discussion for Victoria Oil (VOG)


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mon3y
Posts: 161
Off Topic
Opinion:No Opinion
Price:60.25
borders
9 Jan '15
Crazy to assume anything in this company , you should know that by now.
How much of that assumed £20m in the bank will be there when they get round to drilling anything ?

Consolidation was done by Foo because he knows he can dilute more and its a certainty its coming at some point this year .
 
voger
Posts: 7,210
Off Topic
Opinion:No Opinion
Price:60.25
View Thread (7)
RE: Missed the boat mate,
9 Jan '15
borders
so foo bought that plant of himself for?
Bordersman
Posts: 2,970
Observation
Opinion:No Opinion
Price:60.25
View Thread (3)
RE: Vog
9 Jan '15
Well they may not have $20M in the kitty now....but by the time they start drilling they probably will.

Mel
Bordersman
Posts: 2,970
Answer
Opinion:No Opinion
Price:60.25
View Thread (3)
RE: Vog
9 Jan '15
Mony3

1 Assume they have $20 m in the kitty
2.Assume Drill cost has reduced from $40M to $35M because of reduced demand
3.Assume Dangote takes us past group breakeven and all sub power station sales = 85% contribution to net cash
4.Assume....on back of 3 above that borrowing of some kind ($15M ) is possible ( Well Soc Gen is!)
.................means they dont need dilutory finance.

Work out what the net cash and profits contribution will be if Dimbambe is hooked up and consuming VOG gas.

It isnt all in the bag but does seem likely......and the big question is ..the speed of achievement. If Vog candoitquickerthanbefore it is great. I certainly like the sound of $100m cash flow surpluses - dont you?

Its all in the relative numbers.

Mel
voger
Posts: 7,210
Off Topic
Opinion:No Opinion
Price:60.25
View Thread (10)
RE: Voger
9 Jan '15
orapaboy
so are you saying the accounts are wrong?
and the fact is they had more money than they stated.?
some of you do have wonderful imaginations.
no wonder the sp is still on its knee's.
according to some of you they has loads of money, gas pipe that they have done and never told anyone about, companies using gas that we have not been told about.
gee talk about the blind leading the blind.
Whitesman
Posts: 53
Off Topic
Opinion:No Opinion
Price:60.25
Any week we're up.
9 Jan '15
It doesn't matter too much about West Med as long as we still have the licence to drill. We can consider itan asset for the future. Any day now we could have an update on whether they have purchased the processing plant and whether Dangote is up and running. It doesn't matter how much gas they are using at first just that they using vog gas because this as like or not will increase.
keith1
Posts: 2,201
Off Topic
Opinion:No Opinion
Price:60.25
maisy
9 Jan '15
when i got up this morning
asphelt as sick as a pig seeing vog
in the red again
Bordersman
Posts: 2,970
Answer
Opinion:No Opinion
Price:60.25
View Thread (7)
RE: Missed the boat mate,
9 Jan '15
Naks
Yup. In the 1980's when here were 100's of idle rigs parked off Aberdeen & the Cromarty and Moray Firth...the day hire rate for rigs declined by over 50%. Same may apply to Cameroon drilling. One concern is to ensure there is a competitive tender for VOG's drilling. I imagine JG in the picture probably helps.
Mel
mon3y
Posts: 161
Off Topic
Opinion:No Opinion
Price:60.25
View Thread (3)
Vog
9 Jan '15
They need a lot more cash for drills than they are ever making from gas sales.
I said before consolidation at some point this year there will be a new round of dilutions , i see nothing after all this , "great news " to suggest otherwise.

Buzzclown , give it a rest
Voger , why are you here if you have sold up ?
buzzlightyear4
Posts: 6,146
Off Topic
Opinion:No Opinion
Price:60.25
Off out now
9 Jan '15
Wouldn't want to be out of this over the weekend and all that...

Think positive and positive things will happen,think negative and you'll end up like Voger!!





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