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Somebody must've heard me. I felt I was talking to my self for a while. Gla
Rates vgas buy and price it at 150p. Finally I can say I agree with a blockers recommendation.
Bod is looking to introduce divi. Sentiment aside,vgas is well profitable business with all of the loans paid of, increasing ebitba. I feel vgas will eater continue motoring away on its own or be gobbled up ,with big premium,by some big Russian oily.top company,cheap as chips,mcap just 10%ish above NAV, operating margin over 28%, growing capacity ...
Greetings, as I thought vgas smashed it. IMO vgas will follow exi.FINANCIALHIGHLIGHTS · Revenues up 22% to US$34.6 million (2012: US$28.3 million) · EBITDA up 85% to US$14.8 million (2012: US$8.0 million) · EBITDA per barrel of oil equivalent ("boe") up 26% to US$13.80/boe (2012: US$10.96/boe) · Profit before tax of US$9.1 million (2012: loss of US$6.3 million) · Net operating cash flow up 202% to US$15.4 million (2012: US$5.4 million) · Bank debt fully repaid at 31 December 2013 (31 December 2012: bank debt of US$ 8.0 million). · US$8.1 million in cash at 31 December 2013 (31 December 2012: US$7.0 million) PRODUCTION & DEVELOPMENT · Group average production up 48% to 2,958 boepd (2012: 1,995 boepd) · Successful workover of well #1 on VM field during H1 2013 more than doubled the estimated productive capacity of that well to over 10 mmcf/d · New production stream from the Sobolevskoye field from June 2013. · After five years of production, output from the Uzenskoye field has been reduced pending future installation of water separation equipment · Two new wells on the VM field VM#3 and VM#5 being drilled during 2014 DOBRINSKOYE GAS PLANT UPGRADE · Key phases of the upgrade to the Dobrinskoye gas plant were completed in October 2013 and regulatory approval of the upgrade work was obtained in November 2013 · Since November 2013 the plant has been operating at a capacity of 500,000 cubic metres per day (approximately 17.7 mmcf/d) · Continuing upgrade to expand capacity to 1 million cubic metres per day (35 mmcf/d) during 2014 CURRENT TRADING AND OUTLOOK · During January and February 2014 production averaged 4,563 boepd, 54% above the full year 2013 average production rate · Increases in oil and condensate selling prices have partly offset weakness of the Rouble against the US dollar · With continued improvements in cost efficiency, unit EBITDA in US dollars per boe has been maintained at above the average rate for 2013 · Proposal to create distributable reserves to enable cash distributions to shareholders Mikhail Ivanov, Chief Executive of Volga Gas, commented: "2013 was a pivotal year for Volga Gas with a significant increase in production achieved in the final quarter of the year and sustained in the subsequent period. Completion of the current development drilling programme on VM in 2014 should enable additional production from our gas and condensate fields to maximise utilisation of anticipated gas processing capacity which we estimate would lift Group production to over 8,000 boepd. This will continue to drive growth in revenues and cash flow for Volga Gas and provide a basis for the Company to provide tangible financial returns to shareholders. "We remain positive about the potential for growth, both in reserves and productio
Can someone translate that RNS?
This share will be rated a BUY in next Friday's investors chronicle, above today's price of 97p.
Bought on very good final year results. Have noticed not much trade in this stock, I suppose if the ratio of buys /sells is 2:1 and the share falls 2p, I guess you can see why. Nice one mm's
Peaty, I just bought while sp depressed, Putin discount time. As we ,OldF , calculated vgas transformed production - finances 180* I wouldn't be surprised to se vgas sp passing 150p in a near future.the valuation is well below any objective thinking , not to say things will continue in same direction. But as I mentioned earlier, with totally different position vgas is in at the mo, it might follow EXI path and get offer(to). Aether way, divi might start trickling and that will move sp nort. Atb
Sold a while ago as Putins plans weigh too heavy.
All buys today. News coming? Some chunky stuff as well
price unavalable,then ut buy 10k shares @ 110p ?hnnnn ,was that you OldF?
no debt,incresed production masively,$7m cash but nav;mcap 1?now amigos did i sumarised this well or am i suffering from heat exostion?gla
maybe the markets not convinced yet. looks very good to me though.
This has plenty more to go as this RNS underlines how good 2014 will be .... comeonvog a large % are held by Institutions / Directors
and only 81million shares, this has to be worth £2 .
re oldfool13 . looks very good to me, just need some buying now. and with them finishing the payments to the bank of 0.5 million every month and a balance of 7 mill, nice position to be in ATB
If everyone will miss the importance of this RNS?
Production during the year ended 31 December 2013 was approximately 8.9 million cubic feet per day (mmcfd) of gas and 1,400 barrels per day (bpd) of oil and condensate, a total of approximately 2,922 barrels of oil equivalent per day (boepd), which represents a 46% increase on 2012.
Todays RNS will be picked up by the market
Forecasts Year Ending Profit (£m) EPS P/E PEG EPS Grth. Div Yield 31-Dec-13 6.47 7.98p 12.5 n/a n/a n/a 0.0% 31-Dec-14 14.31 17.67p 5.6 0.0 +121% n/a 0.0% 31-Dec-15 32.76 40.44p 2.5 0.0 +129% n/a 0.0%
The buys today should be just PI's getting in ahead of the expected news this month
yes ,very strange.but then again strange is the name of the game .UT made me almost wett my self .happy xmas and New Year all
So my buy does not register, but UT at 96 does? lol sometimes the games played with the prices would drive the FSA mad if they had any interest.
My buy is not shown up today @99.07
odlf,i wasn't trying to be to pedantic with historik sp,just couldn't remember sp much higher than 200p and a bit.thank you for sharing your views on my points.it is possible that none of those will happen ,just cannot get numbers to addup with vgas nav;mcap.