West Med has to be drilled this year I think or they lose the licence isn’t that right? If there are billions of barrels of oil there that will be a game changer
VOG is undervalued and that can only because of the state of play between VOG and RSM. If RSM get removed from the picture the SP will rise sharply
I think you are too pessimistic. The company is well on the way to showing some real profit. The drilling under the river is likely to have started or at least getting there. RSM may well lose any court action if they get taken to court and may get the previous decision giving them shares in the gas field revoked.
I think there is an attempt by Kevin Too to deliberately keep the VOG sp in order to try and make a take over bid of RSM
Surely if they did the company would be worth several billion pounds instead of just 70 million
It would be great to see VOG drilling there and producing oil.
Is it true that the other great asset of VOG in Russia, West Med, is the biggest shale oil field in the world?
I spoke too soon about buckets full of cash obviously. It does seem like there is some attempt to keep the share price as low as possible.