Victoria Oil & Gas - Re: VOG Stream Log - The recent rise in SP...

The recent rise in SP to about 50 p could very easily be unwound if VOG wanders off the "straight and narrow." Specifically, CEO Foo has a responsibility to the company's long suffering shareholders to boost SP. We need accountability both in month-to-month progress and for forward projects, and they need to be timely. Shareholders need to be pro-actively advised of Board remunerations including options packages, and there should be a link between remuneration and share price. These are issues that need to be thrashed out at the next AGM, with of without the Board's blessing. There has been some talk recently on these pages about "stranded gas." For VOG to initiate new ventures in different countries would be a financial disaster, as it has still to iron out its property in Cameroon and resuscitate its SP. Shareholders should not allow CEO Foo to destroy VOG in this way without a vote from shareholders. This needs to be on the agenda at the next AGM. What I find hard to fathom is that as soon as VOG makes some money, it is spent on plant each and every time. Why can't shareholders insist on a war chest, which is off limits as a honey pot for the Board, to boost SP. Perhaps this should be forced on to a meaningful and shareholder friendly agenda at the next AGM. If the Board are allowed to select an agenda at the next AGM, without censure, then we are sunk, or our progress stifled for several more years.