Victoria Oil & Gas - Re: VOG Stream Log - I left VOG a few...

I left VOG a few months ago for greener pastures elsewhere, but still keep a tab on VOG from time-to-time. Now that the Q2 2016 results are out, Kevin Foo says that we should be rejoicing. But his jubilation has fallen on deaf ears in the Market, which has greeted the news with a drop in SP. I don't wish to decry the good work that VOG has carried out in the Cameroon, but there are still those 2 wells to spud and 6 months drilling to a depth of 3 km at a cost of US$ 40 million. If one or both wells fail to provide economically viable amounts of hydrocarbons, then investors should run for cover. Press the panic button. Before the drilling phase is completed, investors are more than likely to feel the chill winds of a serious economic meltdown in the US and may be forced sellers for reasons nothing to do with VOG. Finally, Chairman Foo should be able to rationalise Board Remuneration with SP, so his position is robust.