VOG 2005 New Thread

Late but under the circumstances who cares...............

Dear Mr xxxxxx

I am sorry for the late reply to your email, but I hope that you had a very merry Christmas

Further to our announcement of 19th December, you may have seen today that the Company has been successful in raising around £13.1m with institutions and other investors through the placement of 16.85 million shares at a price of 78p. The placing was 2.5x oversubscribed and the company will use the proceeds to finance the operations at its exciting West Medvezhye gas and condensate project in West Siberia and the Kemerkol oil field in Kazakhstan.

I hope that this information has been useful. If you have any further questions, please do not hesitate to get in touch and have a very happy New Year

Best regards

George Donne
General Manager