Victoria Oil & Gas - VOG Stream Log

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16:40 28/11/2019

I have finally given up on this share, I have been invested here since 2011 and have just had enough. The share had potential, but the corruption in both the company and country has seen my holding drop in value for £10k to £1k and I might as well take that out before I lose the lot. This was by far the worst performing share in my portfolio.

16:27 26/12/2018

Good post Francis. In the past the price range was $7.50 to $16. Now the range is $6.65 (ENEO) to $16. Most thermal will be paying $16 apart from Dangote/SABC who i would image would pay a bit less as large users. Industrial power is set at $13.

11:55 25/12/2018

The_Marin in response to your post yesterday i have some info for you. The new ENEO deal is at $6.75 mmbtu rising to $6.95 mmbtu. Before ENEO came back online the company was doing about 5 mmscf/d for thermal and industrial power. VOG have said many many times that thermal commands up to $16 mmbtu and Ind power is $13 fixed. Way more than ENEO. I haven't a clue as to why you say "So how much is 4.9mmscf/d in cash terms? I guess they are selling the rest of the gas to other customers even cheaper otherwise they would have given us an expected daily revenue rather than expect us to calculate it ourselves." It is very easy to work out revenue figures. Nothing suspicious at all. VOG will only give actual rev figures in interim and annual reports. Nothing corrupt at all about his company. They sell gas to customers. It couldn't be clearer. I have reported your post mentioning corruption as this is defamation. You are talking nonsense.

15:30 13/11/2017

I find it strange why anyone would want to take up the open offer when you could have purchased as many as you wanted for less on the open market

10:20 26/10/2017

No point in buying more unless you can get them at a sufficient discount to sell them again at a profit, I have been in VOG for years and there is no way I would add to my holding other than a straight buy and sell. Jam today seems the company's policy, with current cash burn there will probably be another placing next year to keep the directors in the salaries they have become accustomed too.

07:41 31/07/2017

I don't think the share price will do anything positive today after the RNS, increase in borrowing from $10million to £20million, reduction in cash from $10million to $7million, lower sales than last quarter. We have all been told how well the company is going to do, but the only thing that really makes a difference is how profitable you are today, not what might be in years to come.

08:06 08/06/2017

I dont think they should be paying any bonuses until the company makes a net profit, they already earn too much for a loss making company

07:58 15/03/2017

BWLN share holders have managed to get rid of their board 'As a consequence of the business conducted at the General Meeting, Kevin Hart, Kerry Crawford, John Martin, Tim Sullivan and Philip Tracy ceased office as Directors with immediate effect.' This means that the deal for Bomono is up for renegotiation. it will be interesting to see how this plays out.

08:05 06/03/2017

Interestingly if you look at this link you can see why COC are unhappy. [link]

07:53 06/03/2017

We will find out how the market view the deal at the end of the day, depending on increase/decrease on either company is usually a good indication on how the deal is viewed.