Companies: VOG   

When I last updated readers on Victoria Oil & Gas three weeks ago I said the shares were a hold ‘on the near certainty that its luck must change’. On Monday this week VOG announced its latest drilling on the big Kemerkol licence area in Kazakhstan was a dry hole. VOG’s luck remains firmly unchanged.

A new well will be spudded in the next few weeks. This is to the south of the licence area which is deemed to be highly promising. With the shares down from the 162.5p at which I recommended them in January last year to 37.5p now, it seems worth persevering a while longer.

Victoria Oil & Gas	AIM	£13.54m	4.76p	0.26p
Click here for interactive charting
Other company articles:
Victoria gets go-ahead			31/03/2008
VOG turning the corner?			11/01/2008
VOG hits a dry hole			10/08/2007
VOG still finds the going hard			20/07/2007
Victoria switches attention to Kemerkol			05/04/2007