General Discussion on VOGL

21st Dec '09 by monkeynuts

2 comments 3957 reads

Victoria is an independent oil and gas exploration and production company with projects in Africa and the FSU.
The Company’s principal assets are 60% of the Logbaba gas and condensate project in Cameroon and 100% of the West Medvezhye gas field in Siberia, Russia.
Logbaba is located in Douala, the economic capital of Cameroon. The field was discovered in the 1950s and all four exploration wells flowed gas at rates of up to 62Mmcf/d.
West Medvezhye is situated in the prolific Yamal-Nenetsk hydrocarbon region in Siberia. An independent reserve audit estimated prospective resources for West Med of over 1.1 BnBOE.

http://www.victoriaoilandgas.com/investors/presentationsReports.html

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monkeynuts

21st Dec '09

I wrote up some thoughts earlier here: http://www.stockopedia.com/article/view/33712/victoria-oil-gas-three-buses-at-once

Just noting today's update at Logbaba: http://www.stockopedia.com/news/announcement/VOG/091218vog001448.htm

At Well La-105, following side-tracking of the 12-&£188; inch hole section, 9-5/8 inch casing has been set to a depth of 5,965 feet measured depth and drilling has reached a depth of 6,330 feet measured depth. A top-drive and third mud pump have been fitted to the rig to increase drilling efficiency and the equipment for mud-cooling is being constructed on-site. Total depth of 10,300 feet is expected to be reached before the end of the year.

General Discussion on VOGL

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Monkeynuts

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