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Well okay 275 not 300 :-). Your points concerns me a bit but I am not too concerned atm, a worthy point all the same. One thing that is different is the amount of xx.xxK buys and sells that have been going through of late. Interesting times.
oldf,forgot about going private bit.if they do Enrc they would save -made lot of money.rusians have pover of prosvasion and they have own way of doing business sometimes.
thanke for that.i also rember200p+ not quite 300p.i menaged to pop in and out only twice few years back @ around 150p and risently sub 90s.logic behined to -going private-delisted,comes from enormas cost of being listed on aim relative to vgas loss.now that vgas might turn profit or next year they might become enough iritation to big rusian oilies to be to.they survived one scruper olredy as in legal battle with anather rusian oily,if i can remember.it was about exploration rights in sertan fields, but now being so close to making money,,,,,would what i 'm saying make sence to you?
Well I have traded Vgas very successfully for near on 4 years now. I was hear when the deep well was spudded and the rise to 300 on speculation of it being a company maker. Shame it was a duster! I bought and held for near on 18 months in my latest trade and up 25%, but never intended to hold that long. From what I see the Dobrinskoye Gas Processing Plant has to be cleared and operational soon now which will enable much more cash flow and profits. I see that accomplishment as a company maker and should enable the re-rating. Please don't think I am insinuating that the SP will be getting to 300 again, but I do expect it higher than it has been for a while and I also expect it to hold there. The frustration is that this Plant has taken so long to get up to full capacity. I do see this as inevitable however. If the SP does not hold at higher levels I could see your theory of it going private come to fruition. I have zero experience of that, but surely it would cost them mega-bucks to do so? If you know more I'd be happy to listen.
thank you,just trying to have a conversation.not many in here.appinion.do you think vgas could be to or delisted-gone private.very fin trade ,no point being listed on aim and paying fees.vgas has some disent shareholders+ might swing into profit.Director Shareholdings Notifier Holding Value* Mikhail Ivanov 1,000,000 £1,000,000 Vladimir Koshcheev 469,210 £469,210 Steven Ogden 205,000 £205,000 Ronald Freeman 55,000 £55,000 Tony Maria Alves 25,000 £25,000 Major Shareholders Notifier** Holding Value* Cavendish Nominees Ltd (Baring Vostok PEF III) 39,620,000 £39,620,000 Dehus Dolmen Nominees Ltd(Baring Vostok PEF IV) 7,906,889 £7,906,889 BNP Paribas Investment Partners SA 4,797,542 £4,797,542 HQ Rysslandsfond 4,499,633 £4,499,633 JP Morgan Asset Management Holdings Inc. 4,404,600 £4,404,600
Private Investors = PI's .... although its a guess going by trade size.
Old,pardon my ignorance, who are PI's?
PI's selling out again
strange sp ....Year Ending Profit (£m) EPS P/E PEG EPS Grth. Div Yield 31-Dec-13 6.40 7.91p 13.4 n/a n/a n/a 0.0% 31-Dec-14 13.94 17.21p 6.2 0.1 +118% n/a 0.0% Trends & Recommendations Current 1 week ago 1 month ago 3 months ago 6 months ago 1 year ago Revenue (£m) 31-Dec-2013 27 27 27 30 31 41 31-Dec-2014 44 45 45 60 73 n/a Earnings 31-Dec-2013 7.91p 7.96p 8.12p 9.19p 8.59p 19.33p 31-Dec-2014 17.21p 17.34p 17.49p 32.83p 44.29p n/a Dividend 31-Dec-2013 n/a n/a n/a n/a n/a n/a 31-Dec-2014 n/a n/a n/a n/a n/a n/a Recommendations Strong Buy 2 2 2 2 1 2 Buy 0 0 0 0 0 0 Neutral 0 0 0 0 0 0 Sell 0 0 0 0 0 0 Strong Sell 0 0 0 0 0 0 No. of Brokers 2 2 2 2 1 2 Average Rec 10.00 10.00 10.00 10.00 10.00 10.00
Guinniss moment
The long awaited upgrade completed, now for the re-rating
was a 25K buy @ 10:58
from a prev rns.. "We are close to completing the latter stages of the upgrade to our gas processing plant and hope to achieve permitting for running the plant at a planned maximum capacity of up to one million cubic metres per day" wow there only on half of that at the moment!!
.
RNS Number : 9108S Volga Gas PLC 13 November 2013 ? 13 November 2013 VOLGA GAS PLC Gas plant authorisation received Volga Gas plc ("Volga Gas" or the "Company"), the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to announce that its operating subsidiary, OOO Gaznefteservice ("GNS"), has received regulatory approval for the upgrade works on the Dobrinskoye Gas Processing Plant. Construction of the main processing stream is complete and has been tested operationally at rates of over 400,000 cubic metres per day (14.1 million cubic feet per day) of gas and 120 tonnes per day (1050 barrels per day) of condensate. Following the installation of certain additional minor modules, as required by the state construction agency, Gosstroi, final approval of the completed upgrade will be granted, which will allow GNS to utilise the plant at full passport capacity of 1.05 million cubic metres per day (37 million cubic feet per day). Pending this, the Company will be able to operate at test rates utilising the full current well capacity. GNS has already commenced increasing the output from wells on the Vostochny Makarovskoye ("VM") and Dobrinskoye gas fields and expects by the end of December to reach production rates of up to 500,000 cubic metres (17.7 million cubic feet per day) of gas and approximately 1,315 barrels per day of condensate, a total of over 4,200 barrels of oil equivalent per day. Mikhail Ivanov, Chief Executive of Volga Gas, commented: "We are delighted to have gained this approval, which will enable Volga Gas to significantly increase production by making full use of its current well production capacity. Early in 2014, further development drilling on the VM field will commence. It is our intention, with this and further new wells, to increase production capacity and fully utilise the ultimate plant capacity. With increasing throughput, combined with the improvements we have achieved in the processing stream, we expect to see the unit costs of production for our gas and condensate fall substantially. These events are expected to lead to a period of strong growth in revenues and cash flow for Volga Gas."
I must be missing something as I understand why this won't fly on this news but why it actually goes down is beyond me.
OldFool13,hard to believe this opening on what looks like a very positive set of results?
Start of trading with an uncrossing Trade how bizarre to force the price down?
Jam tomorrow RNs, but surely tomorrow is so nearly here and the lid won't be kept on for too much longer
big big trade....
Oil and gas production group Volga Gas has completed an independent evaluation of the its oil, gas and condensate reserves by Miller and Lents. The independent assessment focused on the reserves and net present value of future net revenue attributable to the Company's three principal fields in Russia; Dobrinskoye, Vostochny Makarovskoye and Uzenskoye, as at August 1st 2012. The reserve report attributed proved and probable reserves of 16.1m barrels of oil and condensate and 167.5bn cubic feet of gas, for a total of 44.0m barrels of oil equivalent to the company's principal fields, and a net present value of $301.2m with a 10% per annum discount rate. Mikhail Ivanov, Chief Executive of Volga Gas commented:"This report is a welcome third party validation of our reserves and the NPV [net present value] attributed to them, which highlights the potential value contained within our acreage. We look forward to delivering this value as well as further exploration and appraisal opportunities."
"The group is now poised to benefit from the efforts expended and investment made in the Vostochny Makarovskoye field which should start contributing to revenues and cash flow imminently. This lays a foundation for sustainable production and cash flow which provides a strong platform for future growth. A key priority for the group now is to secure opportunities to grow the group's asset base by selective value-accretive acquisition."
On the Karpenskiy licence area average production during the period was 932 bopd (H1 2011: 1,147 bopd) with some weather and market related disruption during March and April 2012. Production during July and August averaged 1,300 bopd. The Yuzhno Romanovskaya-1 exploration well in the Urozhainoye 2 licence area was plugged and abandoned and the costs associated with the prospect written off. In a statement Volga Gas said: "During July and August 2012, production averaged 1,966 boepd with strong performance from the Uzen oil field offset by intermittent gas production at Dobrinskoye while the gas plant upgrade was reaching its final stages. The group anticipates that when the plant recommences full time operation by the end of September, oil, gas and condensate production capacity will remain stable at rates of between 2,700 and 2,800 bopd for the remainder of 2012. "For the second half of 2012, the group's capital expenditure is expected to be between $5.0m and $7.0m. The key projects include further stages of the gas plant upgrade, the sidetrack of well #26 on Dobrinskoye and a shallow exploration well on the pre-Caspian licence area.
Shares Volga Gas, the oil and gas exploration and production group operating in the Volga Region of Russia, rose on the promise of significantly higher production when it puts the Vostochny Makarovskoye (VM) field into full-time production. Three of the wells on the field are ready to begin full-time production imminently, which is expected to build up production to over 3,000 barrels of oil equivalent per day. This is expected to further increase towards 6,000 boepd in 2013. The news has help cushion the firm's half year results, which showed a decline in revenues to $13.3m from $14.0m the same period the previous year and delivered a net loss of $5.6m (2011 H1: profit of $3.0m) after exploration write-offs of $7.4m. The cost of sales rose from $6.6m to $7.1m year-on-year, while general and admin expenses were also higher at $3.4m compared to $2.9m in the first half of 2011. Group production averaged 2,406 boepd, an improvement on the 2,092 averaged during the same period in 2011. Regionally, continued production was seen on the Dobrinskoye field, averaging 3.5m cubic feet per day of gas (H1 2011: 3.8 mcf/d) and 327 barrels per day of condensate (H1 2011: 313 bcpd). A successful sidetrack on shut-in well 22 was recently completed and will be put on production shortly.
RNS, Eastern European Investment Trust acquiring shares, gone above 3%