VOG 2005 New Thread

Happy New Year to all. Can't wait to see how high she goes tomorrow!

I've been looking back ay some of VOG's RNS's and came across the following from the RNS released when they first aquired the West Medz site...

"Victoria has obtained a 31 December, 2001 feasibility study completed by
DeGolyer and MacNaughton on the West Medvezhye licence area. Based on this study
and other acquired data, the Company has made an initial resources estimate
under Russian standards of 135 billion cubic metres of gas and 201 million
barrels of recoverable gas condensate (as set out further in Appendix I to this
announcement). An internal technical review in early 2005 is expected to refine
these estimates as part of the 2005 SGI development plan (as set out further in
Appendix I). The Victoria technical team has recommended that drilling be
restarted at the site of the existing well (SGI #104) begun in May, 2004 prior
to SGI's acquisition by Victoria."

I believe I am right in saying that the above 201 million barrels of recoverable gas condensate are not included in any of the valuations posted to date?

If this is the case, what do you think this would be worth to the sp?

Also as the above states 135 billion cm of Gas which later was proved to be some 130 times more than that amount, is it not therefore possible the condensate estimate could also be dramitically increased after this spate of new drilling?

I would be keen to hear your thoughts on this and its implications on the sp.

I do hold VOG and have done since Nov 2004 - so very pleased with their progress to date.