Last 72.00 GBp
Change Today +1.00 / 1.41%
Volume 10.5K
VGAS On Other Exchanges
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As of 11:38 AM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

volga gas plc (VGAS) Snapshot

Open
71.00 GBp
Previous Close
71.00 GBp
Day High
73.50 GBp
Day Low
71.00 GBp
52 Week High
06/6/14 - 143.00 GBp
52 Week Low
01/27/15 - 54.00 GBp
Market Cap
58.3M
Average Volume 10 Days
31.7K
EPS TTM
0.14 GBp
Shares Outstanding
81.0M
EX-Date
09/24/14
P/E TM
7.6x
Dividend
0.04 GBp
Dividend Yield
3.54%
Current Stock Chart for VOLGA GAS PLC (VGAS)

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volga gas plc (VGAS) Details

Volga Gas plc, together with its subsidiaries, acquires, explores, develops, and produces gas, condensate, and oil in the Volga Region of European Russia. It owns 100% interests in the Karpenskiy license covering 4,180 square kilometers located in the northwest part of the Caspian Petroleum Province; the Urozhainoye-2 license that covers 354 square kilometers located to the north of its Karpenskiy License Area; the Vostochny Makarovskoye (VM) license, which covers 17.8 square kilometers in the Volgograd region; and the Dobrinskoye license located near to its VM license. The company was incorporated in 2006 and is based in London, the United Kingdom.

151 Employees
Last Reported Date: 04/17/14
Founded in 2006

volga gas plc (VGAS) Top Compensated Officers

Chief Executive Officer and Executive Directo...
Total Annual Compensation: $398.0K
Chief Financial Officer, Company Secretary an...
Total Annual Compensation: $232.0K
Compensation as of Fiscal Year 2013.

volga gas plc (VGAS) Key Developments

Volga Gas plc Reports Production Results for the Year 2014; Provides Operational Updates

Volga Gas plc reported production results for the year 2014. Group production during 2014 was 4,244 boepd reflecting continued steady production from the Vostochny Makarovskoye (VM) field offset by declines in oil production in the second half and some plant maintenance downtime during October and December 2014. Volga Gas agreed with the drilling contractor a cost effective means of completing the VM#3 production well. Operations have recommenced with the aim of completing it in time to commence production during the first half of 2015. In addition, a rig is being mobilized to drill a sidetrack to the VM#4 well which is currently not producing. Since the drilling contracts are in Roubles, the cost to the company of these wells in US Dollars will be significantly lower than previously budgeted. The existing wells on the VM field continue to produce strongly and maintain current group production capacity at a level of approximately 4,500 boepd. LPG Project: The Group in undertaking front end engineering and design work on a further enhancement to the Dobrinskoye Gas Plant to enable it to extract propane and butane (LPG) as a separate product stream. Initial studies suggest that the estimated $30 million capital cost could be recovered within 2 to 3 years from the incremental profits from this project.

Volga Gas Not Up For Sale

Volga Gas plc (AIM:VGAS) received a number of proposals from interested parties, but Board deemed that none of the proposals represented a fair value. As a result Volga Gas announced that the formal sale process has been concluded with immediate effect and Volga is no longer in an offer period for the purposes of the City Code on Takeovers and Mergers.

Volga Gas plc Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2014; Announces Production Results for the Six Months Ended June 30, 2014; Provides Capital Expenditure Guidance for the Years 2014 and 2015

Volga Gas plc announced unaudited consolidated earnings results for the six months ended June 30, 2014. For the period, the company reported revenue of USD 23,156,000 against USD 15,388,000 a year ago. Operating profit was USD 8,493,000 against USD 4,237,000 a year ago. Profit before tax was USD 8,037,000 against USD 4,271,000 a year ago. Profit attributable to equity holders was USD 6,155,000 or 0.076 per basic and diluted share against USD 3,364,000 or 0.042 per basic and diluted share a year ago. Net cash from operating activities was USD 11,044,000 against USD 4,602,000 a year ago. Purchase of property, plant and equipment was USD 2,426,000 against USD 3,087,000 a year ago. EBITDA up 97% to USD 11.2 million against USD 5.7 million a year ago. Group production increased 72% to average 4,419 barrels of oil equivalent per day (boepd) in the first half of 2014 against 2,569 boepd in the first half of 2013. Based on the full year 2014 budget and the actual spend in the first half of 2014, in the second half of 2014 the Group's capital expenditure would be approximately USD 10.0 million. However, it is likely that some of the planned expenditure, primarily on development drilling on the VM field, may actually be incurred in 2015.

 

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VGAS

Industry Average

Valuation VGAS Industry Range
Price/Earnings 7.8x
Price/Sales 2.1x
Price/Book 0.7x
Price/Cash Flow 6.4x
TEV/Sales 2.1x
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