VOG 2005 New Thread

Sogoesit - 22 Dec'05 - 17:15 - 16116 of 16163

Yep fair enough Sogoesit, I can appreciate what you are saying.

I posted a while back that the SP of VOG would take off exponentially as the risks started to be removed.

This last week two of those so called risks have been removed and the SP is responding accordingly but still is very fair value.
Funding is in place in all but the wording and the production from Kermekol should ensure that further raisings are less likely to be required.

Vog have now 100% holding of WestMed so that is not hanging over us.

Of course there are many potential pitfalls that lie ahead but as each one is negated the SP should respond accordingly as further risk is removed.

As I see it in the short term:-

Production starts at Kermekol - trading 130-145p

Testing of well 104 successful - trading 180-200p

Successful drill of well 106 gas\condensate - trading 250-300p

Deal with Gazprom for sale of gas - 500p+

AIMO of course!!