Less Ads, More Data, More Tools Register for FREE

Pin to quick picksVGAS.L Share News (VGAS)

  • There is currently no data for VGAS

Volga Gas Shares Fall Amid Decrease In January Production

Tue, 04th Feb 2020 11:13

(Alliance News) - Volga Gas PLC on Tuesday said its average daily production from Russian assets declined in January compared to the prior month.

The stock was trading 9.0% lower on Tuesday in London at 27.30 pence each.

The exploration and production company said average output of gas, oil and condensate in January totalled 4,330 barrels of oil equivalent daily, down 3.9% from 4,505 barrels in December.

Volga Gas said the gas plant unit was working without disruption during the month and total output was in line with forecasts.

Gas production and condensate output were 6.7% and 4.3% lower at 11.1 million cubic feet per day and 1,718 barrels per day, respectively, while oil output rose by 9.9% to 487 barrels per day in January.

Liquefied petroleum gas production, meanwhile, slipped by 2.5% to 278 barrels from 285 barrels the prior month.

As at the end of January, the AIM-listed company said it has held cash balances of USD13.8 million, and had no debt.

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

Related News

IN BRIEF: Volga Gas shares cancelled from AIM trading
14 Apr 2021

IN BRIEF: Volga Gas shares cancelled from AIM trading

IN BRIEF: Volga Gas shares cancelled from AIM trading

IN BRIEF: Volga Gas shares to be delisted from AIM on April 8
8 Mar 2021

IN BRIEF: Volga Gas shares to be delisted from AIM on April 8

IN BRIEF: Volga Gas shares to be delisted from AIM on April 8

TRADING UPDATES: AMTE prices IPO; Tritax ups placing to GBP198 million
5 Mar 2021

TRADING UPDATES: AMTE prices IPO; Tritax ups placing to GBP198 million

TRADING UPDATES: AMTE prices IPO; Tritax ups placing to GBP198 million

VGAS.L News

Volga Gas Output Drops In July As Uzen 4 Sidetrack Misses Expectations
5 Aug 2019

Volga Gas Output Drops In July As Uzen 4 Sidetrack Misses Expectations

(Alliance News) - Volga Gas PLC on Monday said its average daily production from Russian assets was lower in July compared to the prior month.The expl...

Volga Gas Lowers Production Guidance On Disappointing Well Results
17 Jul 2019

Volga Gas Lowers Production Guidance On Disappointing Well Results

(Alliance News) - Volga Gas PLC on Wednesday said it will lower its production rate guidance due to high rates of water influx in VM Number 2 well and...

Volga Gas Production Back To Normal After May's Pipeline Work
2 Jul 2019

Volga Gas Production Back To Normal After May's Pipeline Work

(Alliance News) - Russia-focused Volga Gas PLC on Tuesday reported a near 50% rise in monthly production, though this was in part due to maintenance i...

Volga Gas Production Drops In May Due To Pipeline Maintenance
4 Jun 2019

Volga Gas Production Drops In May Due To Pipeline Maintenance

LONDON (Alliance News) - Volga Gas PLC on Tuesday reported a fall in average production from its Russian assets in May compared to the month before.Th...

Volga Gas Revenue Up In 2019 As Production Rises At Russian Plant
20 May 2019

Volga Gas Revenue Up In 2019 As Production Rises At Russian Plant

LONDON (Alliance News) - Volga Gas PLC on Monday said its production increased in the first third of 2019, causing revenue to rise despite a reduced a...

Lower prices put dent in higher production numbers for Volga Gas
20 May 2019

Lower prices put dent in higher production numbers for Volga Gas

(Sharecast News) - Oil and gas exploration and production company Volga Gas updated the market on its activities and operations on Monday, reporting t...

Volga Gas Output Drops In April On Plant Maintenance, Reduced Capacity
3 May 2019

Volga Gas Output Drops In April On Plant Maintenance, Reduced Capacity

LONDON (Alliance News) - Volga Gas PLC on Friday said its average daily production from Russian assets was lower in April compared to the prior month....

Volga Gas Trades In Line With Forecasts, Shares Jump Sharply
23 Apr 2019

Volga Gas Trades In Line With Forecasts, Shares Jump Sharply

LONDON (Alliance News) - Volga Gas PLC on Tuesday noted the recent movement in its share price and confirmed that it continues to trade in line with m...