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if you are a VOG shareholder you should have got a letter even if your shares are held in nominee form.
You need to contact:
kristine.lapa@babr.co.uk
(Who is the administrator)
I didn't get a letter. My shares are held in a Barclays account.
Do we need to take any action at this time or was it just a letter telling us to wait?
Could someone please post here if there is any further news such as a final dividend.
Thanks
Same as 3 card,....I don't see this doing a phoenix, Only option that looks good to me is a dividend to offset our losses.
Yes. Can't say it makes much sense to me though, other than the main focus is on how much the administrators can screw out of this mess
Did anyone else receive the letter in the post today from babr.co.uk ?
Here the same.
I got out when they stagnated around 30 local customers for the third year in a row, even lost the only major customer ENEO, and were not able to make any profit with their 57% ownership.
I sold out just before Ahmet Dik said farewell to be replaced by Roy Kelly.
Lost less on VOG than on other high risk investments later.
Learned my lesson that money can be made quicker and especially safer with big established companies than with small high risk potential ten-baggers.
Does this mean I can now claim a capital loss for VOG in my TY2223 return? Thank you
Was clear years ago that VOG was run by a bunch of charlatans with Foo at wheel. Commiserations to anyone who was tied up in this. I got out and took a small hit a while back as clear they were heading nowhere.
Thanks for the info. Yes, important to clarify that VOG is in "trading administration" which does not necessarily mean that all is lost (though I am not banking on getting any of my investment back). Let's see.
Well, what did we expect. This was long overdue
and who benefits from this, no other than Foo Young himself. The company that carried out the original drilling before vog sold it on for a reason.
Simply to many negatives for success.
But as much as we hate him, our friend Foo has had the last laugh.
In recent days a creditor of VOG has forced the company into liquidation. This creditor was none other than Cameroon Holdings Ltd who Mr Foo is a shareholder in. This action by CHL came out of the blue. We will all be getting a letter off the administrators soon. They are https://babr.co.uk/ Meanwhile gas flows and GDC carries on as normal. All VOG Directors now don't control the company. Any questions email: kristine.lapa@babr.co.uk
Also give Mr Foo a call and email him.
His number is 07768238847
kevinafoo@gmail.com
Where can you get detail of the administration, the web site seems to have gone and there appears to be no information anywhere .
All shareholders need to email Tom Winnifrith and ask him to investigate VOG
tomat49@gmail.com
Spoke to TOM W earlier and he is investigating the VOG situation.
Kevin Foo (shareholder in Cameroon Holdings Ltd) has put VOG into administration. I have just called Mr Foo and after asking him some questions he hung up on me. Everyone who owns shares in VOG needs to be ringing him. His number is 07768238847 Let me know how you get on. Or email him: kevinafoo@gmail.com
Thanks for the detail K. So screwed by dodgy accounting on the RSM split, a payoff and now a hungry creditor. Hollywood blockbuster somewhere there.
The issue wasn't with RSM in the end. It was with Cameroon Holdings Ltd (Foo owns shares in this entity) that forced VOG to go down the administration path. There is a clear asset in Cameroon and debts to be sorted. Who knows what the future holds.
In recent days a creditor of VOG has forced the company into liquidation. This creditor was none other than Cameroon Holdings Ltd who Mr Foo is a shareholder in. This action by CHL came out of the blue. We will all be getting a letter off the administrators soon. They are https://babr.co.uk/ Meanwhile gas flows and GDC carries on as normal. All VOG Directors now don't control the company. Any questions email: kristine.lapa@babr.co.uk
I have also emailed Foo to tell him what I think of him. Others should do the same: kevinafoo@gmail.com
There maybe life after administration with improvements etc being made...but can't believe dear old VOG based on history to date will be the lucky one.
Dreadful. Couldn't even tell us shareholders. Checked company house and administrators appointed. A real shame. Run into the ground through a series of bad decisions, from Siberia, kazak and finally cam not paying the bills.
Website suspended and in administration apparently. Looks like curtains. Thanks Roy. You played a blinder, not!
https://twitter.com/gorgeous_boris/status/1628678859756634115?s=01
We must be due an operational update on gas sales soon.
Last year Q4 Operational Update
Wed Feb 2nd
We must be due an operational update on gas sales soon.
If they are still fairly flat with all that's going on in the energy world, then there is no hope we will ever see our money back.
Shares delisted but the company is apparently still in business selling gas. We're all hoping for some kind of deal with RSM so that the company can continue as a going concern and maybe relist! There are still potential opportunities in Cameroon such as the Matanda field, which RSM could be brought in on. If this proved possible it might convince them to forgo the monies owed to them by VOG, post arbitration decision to get a slice of the Matanda pie. The long silence is worrying though!
Has Vog ceased trading? Have we all lost our money?