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Volgas gas rises 3% following trading update

Fri, 17th Jun 2011 11:56

The Russia based oil and gas exploration and production group Volgas gas has today provided an update on current activities. First of all, the acquisition of the Dobrinskoye gas field and plant was completed during April 2011 and began contributing to revenues as of 1 April 2011.Secondly, it points out, total production in May 2011 averaged 3,485 boepd, providing revenues of US$3.9m for the month. At its Uzenskoye field average production for the year to the 31 May 2011 was reduced to 1,109 bopd, due to weather conditions, whereas in May its average production reached 1,329 bopd. A new well, Uzen #11, is expected to be drilled and completed later in 2011 or early 2012.Thirdly, the company calls attention to the fact that test production continues at its Vostochny Makarovskoye field and that the wells are to be connected to the gas plant during the summer of 2011.Lastly, the outfit has indicated that at 31 May 2011 the Company had US$14.4m in cash and debt of US$9.0m. According to the firm's executives, "The inclusion of the Dobrinskoye field and the rising revenues from Uzenskoye oil sales has significantly increased the Group's net operating cash generation."As of 14:02PM shares of Volgas are rising by 2.6%, to 129.5p, in London trading. AB
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6 Aug 2018 11:28

Volga Gas Average Production Down By Third In July On Pipeline Repairs

LONDON (Alliance News) - Volga Gas PLC on Monday said it average daily production was lower in July due to pipeline maintenance.The exploration company said the average production of gas,

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4 Jul 2018 11:10

Volga Gas Average Production Hits Records In June Following 18% Rise

LONDON (Alliance News) - Volga Gas PLC on Wednesday maintained its guidance despite average production in June significantly exceeding management expectations.The exploration company said

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18 May 2018 11:44

Volga Gas Commences Production At Russian Dobrinskoye Plant

LONDON (Alliance News) - Volga Gas PLC said on Friday liquid petroleum gas production has begun at its Dobrinskoye gas processing plant in Russia's Volga region.The company conducted on

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4 May 2018 12:36

Volga Gas Average April Production Falls By 9% From March Levels

LONDON (Alliance News) - Oil and gas exploration company Volga Gas PLC said on Friday that its average production for the month of April fell by 9% compared to March.Average oil production

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4 Apr 2018 11:22

Volga Gas Processing Capacity Usage Up, LPG Project Nears Completion

LONDON (Alliance News) - Volga Gas PLC said on Wednesday average gas processing capacity utilisation increased by 31% in March compared to February, while test production the

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2 Feb 2017 10:29

Volga Gas Keeps Momentum Going To Hit New Production Record In January

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19 Dec 2016 11:22

Volga Gas reports difficulties on Uzen #4 sidetrack drilling

(ShareCast News) - Volga Gas has reported difficulties while drilling a sidetrack to its Uzen #4 oil well with the intention of accessing a potentially unproduced zone of the Aptian reservoir of the Uzen oil field. "During the drilling of a deviated section from the existing vertical well mechanical

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4 Oct 2016 11:47

Volga Gas achieves highest monthly production rate for 2016

(ShareCast News) - September saw oil and gas explorer Volga Gas generate its highest monthly production rate in the year so far. The AIM-listed company, which operates in the Volga region in Russia, reported average September production of 7,927 barrels of oil equivalent per day (boepd), which wa

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28 Sep 2016 09:59

Volga Gas Turns Profit After Consistent Production In First Half

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10 Jun 2016 09:12

Volga Gas Sees Production Rise Since January As Oil Prices Improve

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3 Jun 2016 15:03

UK Shareholder Meetings Calendar - Next 7 Days

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13 Apr 2016 16:33

Financial chief change at Volga Gas

(ShareCast News) - Volga Gas announced a management and directorate change on Wednesday, with the departure of Tony Alves as chief financial officer. The AIM-traded oil and gas exploration and production company, operating in Russia's Volga region, said the position will be assumed on Alves's depart

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13 Apr 2016 08:26

Volga Gas Finance Chief To Step Down And Vadim Son To Step Up

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1 Apr 2016 09:33

Volga Gas Enters The Red And Scraps Dividend After Tough 2015

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18 Dec 2015 11:14

Volga Gas Hits Short-Term Production Target At Russian Gas Fields

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