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Thanks, Maisy. Will continue to keep an eye on here, and post now and again.
Good luck HS - hope you find a spike somewhere! Always liked your research - even on the Cameroonian leopards!
Some good trades earlier more tomorrow ? News soon
Delayed trade s ?
https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/GB00BRWR3752GBGBXAMSM.html?lang=en
Yep, 3CB. Sold my last 4K at 2.9p to buy TXP at 110p in December. - Seemed a bargain beyond belief. You've got to laugh.
Would like to be back here at some stage (Q3 onward based on TXP news), and hope I don't miss the main VOG boat between now and then - Roy seems to be a good CEO to follow.
GLA
Good finish looking good for 6 tomorrow?
well on the way.............
Are you out then Spaz?
'Still can't get my head around Mr SPARROW selling up his VOG to buy Touchstone.'
-
Nor can I, Jay!
There was logic to it - but not the luck. Ever the way for me, it seems.
That's my take 6 this this week
6.5p this week?......
5+nailed to day
Gas shares should do well today. Just proves what's out there.
Adonis Pouroulis, Acting CEO of Chariot, commented:
"I am pleased to announce the completion of our very successful Anchois gas appraisal and exploration campaign, offshore Morocco. In addition to having now two confirmed gas discovery wells, we have directly de-risked a material portfolio of prospects on the Lixus licence area.
Our ambition is to bring the Anchois gas development online as quickly as possible, to fuel Morocco's economic growth, but also to deliver near-term cash flows to the Company. We will now look to conduct further analysis on our findings, to optimise our development plan for the field, with both wells earmarked to become potential production wells, as part of an accelerated field development plan for the benefit of all stakeholders.
I would again like to thank ONHYM, our partners on the licence and all the Moroccan authorities involved, for their invaluable support, as well as the Chariot drilling team, Stena, Halliburton and other contractors who have enabled us to conduct these drilling operations safely, efficiently and successfully.
As a team, we are very excited about these positive results and the commercial potential of the expanded Anchois field along with the material upsides in the wider Lixus licence area and we will look to update the market in more detail on the findings of our further analysis in due course."
Thanks
Yes we all waiting for news just have the feeling things are moving ,Roy can't hold it back much longer.
Wouldn't worry about it! MMs are middle men. Buying and selling. No position held and none needed. Match the buys and sells and take a nip out. Maybe a larger sell in place being worked, or more likely just the matching process in play. The main event will be news driven, for good or for bad. Sure we all know that though!! Been long enough to get some decent ducks lined up.
?
Games played yet again.
See lrg trade from Friday!
How long can it be held back?
Be nice - just bought another c.150k - not showing yet.
Seems all buy's today will we see 5s today?
ROCE is based on a positive pre tax profit 12m to June 2021 - stated here as $3m - was this the case?? Aren't ratios fun.
Victoria Oil & Gas (LON:VOG) Shareholders Will Want The ROCE Trajectory To Continue
Simply Wall St
Tue, 11 January 2022, 1:02 pm
Read more on this topic
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. With that in mind, we've noticed some promising trends at Victoria Oil & Gas (LON:VOG) so let's look a bit deeper.
Return On Capital Employed (ROCE): What is it?
If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Victoria Oil & Gas, this is the formula:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
0.17 = US$3.0m ÷ (US$47m - US$30m) (Based on the trailing twelve months to June 2021).
Thus, Victoria Oil & Gas has an ROCE of 17%. On its own, that's a standard return, however it's much better than the 3.8% generated by the Oil and Gas industry.
View our latest analysis for Victoria Oil & Gas
https://uk.finance.yahoo.com/news/victoria-oil-gas-lon-vog-130244118.html
All sounds good !
But who's going to buy the gas?
Vog still unable to sell what they have already.
The government/SNH need to get moved on the New power plants !!!
Roy has being doing a good job on the historical issues but we need to sell more gas .
Great post
Logbaba District Hospital’s new emergency ward is taking shape with GDC’s community project support. The walls are completed, roof is up, plumbing and electrical installation is in progress and ceiling too #ESG
https://pbs.twimg.com/media/FI0wEckXoAoCJ4-?format=jpg&name=small
https://pbs.twimg.com/media/FI0wEcjXoAo17qI?format=jpg&name=small
Victoria Oil and Gas liked
Hydrocarbons: 2nd extension of the exploration license of the British VOG on the Matanda block in Cameroon
(Invest in Cameroon) - The British junior oil and gas company, Victoria Oil & Gas (VOG), parent company of Gaz du Cameroun (GDC), announced on December 23, 2021 that it has obtained a new one-year extension on its Matanda exploration license. This oil and gas block is adjacent to the Logbaba gas fields, which the operator already operates in the Littoral region of Cameroon for the production of natural gas.
The new extension, which took effect on December 17, 2021, is 2 December 2021.e obtained by this operator, after that of November 2020. The additional period granted to VOG and its subsidiary GDC should allow this junior oil and gas company to finally complete the drilling of an exploration and appreciation well announced since 2020.
For the realization of this drilling, we remember that VOG had announced, in June 2021, to have raised 7.5 million US dollars (more than 4 billion FCFA) following an agreement with Meridian Capital. "We are delighted and grateful that our largest shareholder is supporting our efforts to address existing issues and increase our working capital. In particular, the use of these funds will help us advance our very promising Matanda license,"said Roy Kelly, CEO of VOG.
As a reminder, the Matanda block, whose gas potential increased to 1,196 billion cubic feet in July 2020 (from 903 billion initially), covers an area of 1,235 km2. This license is 75% owned by GDC and 25% by Afex Global Limited. According to the production sharing agreement, the National Hydrocarbons Company (SNH), Cameroon's state-owned oil company, will have a 25% right to return assets after an operating license is granted.
https://t.co/6Q6tuaU594
Yes, I know!
'Others on the subs bench are very close to admission, Pharos has real scope in Vietnam and presses Jadestone which needs to keep its strength going in that geography and I am expecting exciting things from Afentra in Africa before long. Sound keeps making moves in Morocco, VOG in Cameroon and back to high beta will Empyrean come in at the Jade prospect?..'
https://www.malcysblog.com/2022/01/2022-bucket-list/
Where is that answer, as I can't see it. Perhaps we should consult with Kevin Foo, I'm sure he'll enlighten us. It isn't Rocket science to fathom this company out.
We don't have sufficient sales and the country/ govt is corrupt and don't pay their bills. Ask Eneo what they think lol