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Last 36.50 GBp
Change Today 0.00 / 0.00%
Volume 3.5K
VGAS On Other Exchanges
As of 11:35 AM 11/27/15 All times are local (Market data is delayed by at least 15 minutes).

volga gas plc (VGAS) Snapshot

36.50 GBp
Previous Close
36.50 GBp
Day High
36.50 GBp
Day Low
36.50 GBp
52 Week High
12/1/14 - 94.00 GBp
52 Week Low
11/19/15 - 34.00 GBp
Market Cap
Average Volume 10 Days
0.07 GBp
Shares Outstanding
0.01 GBp
Dividend Yield
Current Stock Chart for VOLGA GAS PLC (VGAS)

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volga gas plc (VGAS) Details

Volga Gas plc, together with its subsidiaries, explores for, develops, and produces gas, condensate, and oil fields in the Saratov and Volgograd regions of European Russia. It owns 100% interests in the Karpenskiy license covering 4,180 square kilometers located in the Saratov region; the Vostochny Makarovskoye (VM) license, which covers 17.8 square kilometers located in the Volgograd region; the Dobrinskoye license located near to its VM license; and the Urozhainoye-2 license that covers 354 square kilometers located to the north of its Karpenskiy License Area. As of December 31, 2014, the company had proven and probable reserves of 41 million barrels of oil equivalent comprising 14.7 million barrels of oil and condensate, as well as 158 billion cubic feet of natural gas. Volga Gas plc was incorporated in 2006 and is based in London, the United Kingdom.

164 Employees
Last Reported Date: 04/24/15
Founded in 2006

volga gas plc (VGAS) Top Compensated Officers

Chief Financial Officer, Company Secretary an...
Total Annual Compensation: $289.0K
Compensation as of Fiscal Year 2014.

volga gas plc (VGAS) Key Developments

Volga Gas plc Reports Consolidated Unaudited Earnings and Production Results for the Six Months Ended June 30, 2015; Provides Production and Capital Expenditure Guidance for Second Half 2015

Volga Gas plc reported consolidated unaudited earnings and production results for the six months ended June 30, 2015. For the period, the company reported revenue of $7,851,000 compared with $23,156,000 for the same period last year. Operating loss was $1,236,000 compared with operating profit of $8,493,000 for the same period last year. Interest income was $109,000 compared with $95,000 for the same period last year. Loss before tax was $1,573,000 compared with profit before tax $8,037,000 for the same period last year. Loss attributable to equity holders was $1,573,000 or $0.19 basic and diluted per share compared with profit attributable to equity holders $6,155,000 or $0.19 basic and diluted per share for the same period last year. Net cash from operating activities was $1,014,000 compared with $11,044,000 for the same period last year. Purchase of property, plant and equipment was $2,131,000 compared with $2,426,000 for the same period last year. EBITDA of negative $0.3 million compared with positive EBITDA of $11.2 million. The capital expenditure was mainly incurred on the drilling of VM#4 well and other additions to the VM field and the gas plant. During first half 2015, the combined gas and condensate production derived from both fields averaged 9.7 mmcf/d of gas and 543 bpd of condensate against 15.9 mmcf/d of gas and 1,025 bpd of condensate in the first half of 2014. The major cause of this reduction in output was extended periods of disruption to the market for condensate during which the fields had to be shut in for lack of sales. These market effects had major impacts during H1 2015. During March and April 2015 production averaged 17.0 mmcf/d of gas and 908 bpd of condensate, which more accurately reflect the actual capabilities of the fields. Oil production averaged 471 bopd (H1 2014: 738 bopd). There was some market-related disruption to oil sales during the period, but the main cause for the drop in oil production was natural decline in the existing wells on the Uzenskoye field and the cessation of production from the Sobolevskoye field. The Group's capital expenditure in second half 2015 is expected to be approximately $8.6 million, making a total for the full year 2015 of $11.0 million. The current cash resources combined with cash generated from operations are expected to be sufficient to meet these expenditures. The company expected to be sustained, subject to domestic market conditions. Having successfully completed drilling and testing of VM#3 and VM#4, these new wells are planned to be brought on stream during fourth quarter of 2015 and first quarter of 2016. During this period, gas production is planned to be increased from 500 to 750 mcm/d, which would take Group production capacity to a level of approximately 6,000 boepd.

Volga Gas plc Approves Dividend for the Year 2014

Volga Gas plc announced at AGM held on June 5, 2015, the shareholders of the company approved the proposal to declare a dividend of $0.0125 per ordinary share for the year ended 31 December 2014.

Volga Gas plc to Report First Half, 2015 Results on Sep 14, 2015

Volga Gas plc announced that they will report first half, 2015 results on Sep 14, 2015


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Price/Earnings 8.3x
Price/Sales 1.8x
Price/Book 0.6x
Price/Cash Flow 8.3x
TEV/Sales 1.8x

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