Victoria Oil And Gas (LON:VOG) - Proving the concept
Oct 08th 2012 - Edison Investment Research today published a report on Victoria Oil and Gas (VOG.L, LSE:VOG, LON:VOG) entitled "Proving The Concept". In summary, the report says:
The recent company update highlighted the first production and cashflows from the Logbaba project and pointed to a revision of 2012 production guidance. Year-end targets have been revised from 8 to 5mmscfd. However,itstill expects to approach 20mmscfd by the end of 2013 and the recently-announced confirmation of reserves should allow debt financing in Q412. The current share price represents a discount to our reduced core NAV of 9.2p.
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