Member Info for bigsmoke

HRN. should have stuck with it.
40% spike. nice.

are we up the duff?

had your coffee yet, mal?

my point (probably made badly) was (a) that the award of shares to employees is a year on year occurrence. it is not cashflow related. we do not know what employees were awarded shares. is it Sam Metcalf - who had oversight of the drill debacle?, and (b) the clear statement under annual bonuses is "the Committee has concluded that whilst certain of the objectives were achieved, in light of the current financial position of the Company no bonus awards for the year ended 31 December 2017 should be granted.". That statement was not limited to directors. therefore, to come out less than two weeks later with "a total of 571,914 Ordinary Shares for bonus awards made to certain employees of the Group for the year ended 31 December 2017." is a really poor show.

"...the Committee has concluded that whilst certain of the objectives were achieved, in light of the current financial position of the Company no bonus awards for the year ended 31 December 2017 should be granted. This recommendation from the Committee was approved by the Board"

- there does not appear to be any mention at all about employee bonuses. i am not so sure the reference only to exec directors is enough to explain why investors have been apparently mislead again.

21.06.18
"In this respect the Board have decided that no bonuses will be awarded to Executive Directors for the year ended 31 December 2017." (page 5)

"Based on review of performance against the above listed targets, the Committee has concluded that whilst certain of the objectives were achieved, in light of the current financial position of the Company no bonus awards for the year ended 31 December 2017 should be granted. This recommendation from the Committee was approved by the Board" (page 34)

"On 7 June 2017, the Company issued 378,664 Ordinary Shares to employees for performance bonuses for 2016. The shares were issued at 41.50 pence per share. Shares issued are translated at the exchange rate prevailing at the date of issue." (*page 76)

http://www.victoriaoilandgas.com/sites/default/files/VOGAR17_Web.pdf

05.07.18
"a total of 571,914 Ordinary Shares for bonus awards made to certain employees of the Group for the year ended 31 December 2017. The bonus awards are subscribed at 29.97 pence per share, being the volume weighted average share price five working days preceding 6 June 2018. Directors were not granted bonus awards."

http://www.victoriaoilandgas.com/investors/news/issue-shares

Sleep well? Lol

any the disdain from Justin ... ' for those listeners who still hold VOG '
so we have been left with the hot potato

LL - remember the Board had authority to allot the shares from last year's AGM. thye have waited until the share is around all time lows to decide to issue to supplier. and what supplier you may ask? and who has an interest you may ask?

I thought at the AGM the decision was made to forego bonuses?

Issue of Shares in Lieu of cash payment to a supplier and bonus awards to employeesVictoria Oil & Gas Plc announces that
a total of
5,386,729
new
Ordinary Shares
of 0.5p
have been
issued
by the
Company
in
respect
of
the following
:
•
a total of
4,814,815
Ordinary
S
hares
to a supplier in lieu of cash payment to be subscribed at
29.97
pence per share, being the volume weighted average share price for
five working days preceding
6
June 2018,
the date of
the
settlement offer from the Group
.
•
a total of
571,914
Ordinary
S
hares for
b
onus
awards mad
e
to certain employees
of
the
Group for
the year ended 31 December 201
7
. The
bonus awards are
subscrib
ed
at
29.97
pence
per share,
being the volume weighted average share price
five working days preceding
6 June 2018.
Directors
were not granted bonus awards.
An
a
pp
lication has been made to the
London Stock Exchange for t
he
a
dmission
of
the new Ordinar
y
S
hares
to trading on AIM (
“
Admission”)
. Admission
is expected to become effective and dealings in the new
Ordinary Shares are expected to commence at 8.00 a.m. on
10
July
2018
.Following Admission, the Company will have 150,446,457 Ordinary Shares in issue.

reason to join together !

http://www.victoriaoilandgas.com/sites/default/files/180703%20Share%20issuance%20FINAL.pdf

'tricky year' ... 'probably worth sticking with' .... 'patience will be a virtue'

too much sun, malcy.?

what happened to 'the market has not worked this one out'? and this should be 240p+?

https://www.malcysblog.com/2018/07/vox-markets-podcast-sound-energy-echo-energy-victoria-oil-gas-faroe-petroleum-diversified-gas-oil-and-rockrose-energy/

at 8mins.

"It’s going to be fine, mark my words ......"

There will be, eventually- but come on jimmy, we have to start somewhere. No? Always happy to give way to better ideas.

ok, started with a small holding.
we will see where we go from here.

it is very slow. for sure. and to be honest - and this is by no means good - but my love for Africa and Africans has been impacted by VOG's experience with the CamGov.

joining the group is not mandatory. everyone has an equal say. if someone has held a small holding for years then they have all the right to gripe as much as larger holders. however, an effort will be made to distill the complaints into searching questions before any formal item is issued (at least by me or on my behalf).

Mars is probably made of Red Leicester....

Q from your onshore neighbour.