Malcy: Victoria Oil & Gas9 Jul 2019 13:45
On Friday afternoon, usually a graveyard for putting out announcements, VOG decided to update the market on 2Q numbers which unless I am mistaken only added five days of trading to the last statement. Anyway, final Q2 numbers show gas production of 9.66 mmscf after Q1’s 10.10 mmscfd with gas sales of 882 mmscfd (903).
Maybe more importantly the company announced that ENEO invoices had now been settled for January and February and are confident that they will from now on be paid in line with their binding agreement…Finally CHL has commenced proceedings against GDC and VOG for royalties it believes it is entitled to under the Royalty Agreement which VOG vigorously defends.