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Roy Kelly, CEO of VOG said:
“I am absolutely delighted with this result, delivered safely and efficiently by our excellent team of staff and contractors, which included a local oilfield services company providing the wireline services. We saved time, money and any environmental risks by omitting any testing to flare, and the well was handed over to the production department straight after the perforating phase.
Only now do we have all sands in the development wells perforated, which will eventually allow us to gain a clearer understanding of deliverability and reserves from the current well stock. This takes time but is necessary to ensure we get supply-side forecasts right going forward; as we have seen, there is huge variability in the performance of the wells.”
VOG has been working towards this positive news with a great deal of work being done behind the scenes. It looks to have been a monumental effort by the new team and they have been careful not to over promise and under deliver, indeed this is the first time the market has translated news in the market into serious share price growth.
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A REFRESHING WELCOME CHANGE
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Readers know that I have followed VOG for a very long time and it has tested the patience of investors and myself alike but now it looks like a more positive stance on the company is justified, maybe even that interview with CEO Kelly…
iNTERVIEW WELL OVERDUE
https://www.malcysblog.com/2021/11/blog-from-houston-oil-price-kistos-vog-far-coro/
Can't argue about a scintilla of positivity at the moment forest but we are by no means out of the woods yet and any one of a few things could still finish VOG . Long time since we saw 6 x PMEs in one day though
3cardbrag, I agree lot of debris to be sorted out yet but under budget not a term us LTH are used to VOG so a welcome change heres to more of same
Victoria Oil & Gas has updated on Logbaba well La-108 where perforations have been successfully added to well La-108 safely and under budget. As a result, an additional 42m of net pay has been added
There is no doubt we can produce a lot more than we can sell.
All ways been the problem .
Rise seems short lived!
Chunky buy before close 700k @ 4.05
Not unusual for large trades to be delayed