Victoria Oil and Gas (VOG) has had a rather turbulent recent few years, with changes of management combining with very material changes to the operating business. The company raised $17 million gross in April last year to refinance the business and set it on a positive route forward with a re-freshed board. It appears to me this was good money thrown after bad. I see little to like in this investment case.
I previously covered AIM-listed Victoria Oil and Gas (VOG) with reference to an after-hours warning issued after market close, but during the auction. It looked terrible, but there were mitigating factors which looked to have combined in an unfortunate fashion. This morning Victoria has issued a Q1 trading update. It is not pretty, but I have to take my hat off to the company this morning, for it gives full numbers and investors can make a rational decision.
Sadly it was not my friend the Foo Man ( Kevin Foo) presenting but a very able stand in, Ahmet Dik, batted for Victoria Oil & Gas (VOG). Enjoy.
Following my questions about the RNS released last Friday at 4.31pm by AIM-listed Victoria Oil & Gas (VOG) which saw a 20% share price drop during the auction, I have had confirmation of what actually happened from a reliable source. It makes a mockery of AIM Rules and MAR.
I can’t say I know an awful lot about AIM-listed Victoria Oil and Gas (VOG), beyond its (still) pending farm-out deal with fellow AIM-listed Bowleven (BLVN) which continues to await approval from the Cameroon authorities. But I do know is a 20% share price fall and an unfortunate after-hours RNS looks pretty bad – both for the company and for AIM in general. The question is what went on and whether the company and its Nomad behaved badly, or whether it was simply the effect of the blind application of AIM Rules.
In this video from the storming success that was the 2017 UK Investor Show, Laurence Read of Victoria Oil & Gas (VOG) is at the podium. And make sure that you keep April 21 2018 free for next year's UK Investor Show.
In this video from the storming success that was the 2017 UK Investor Show, David Lenigas of Anglo African (AAAP) discusses making money on African investments with Chris Bailey of Financial Orbit and Laurence Read of Victoria Oil & Gas (VOG), compered by Nigel Somerville. And make sure that you keep April 21 2018 free for next year's UK Investor Show.









