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VOG 2005 New Thread
chopsy - Sun, 18 Dec 05 :
We all hope for:-
RNS 1): placing complete and oversubscribed. (price less relevant but might be 75p, 78p or 95p)
RNS 2): flowrates from 104, confirmation of associated condensate liquids, estimate of resource in condensate (this in itself could dwarf the gas in value/earnings for the company - the gas may have to be sold relatively cheaply, but the condensates are a premium product which are sold to others to mix with heavy oils to achieve a more valuable blend for the market)
Later RNS:
Spud 103/106
Kermekol production
Tamdykol drilling
Acquisition of the other 25% of WestMed (Is this still a fixed price option?)
Other acquisitions, etc, etc, so plenty of newsflow in the next few months.
PS 104 was a slimline exploration hole, for low cost, which can be easily redrilled at wider bore to convert to production. Anyone know when this will be done? Presumably after the gas sales contract has been signed and the production facilities and spur pipeline have been designed and comissioned.
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