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Last 62.50 GBp
Change Today 0.00 / 0.00%
Volume 0.0
As of 11:35 AM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

volga gas plc (VGAS) Snapshot

Open
62.50 GBp
Previous Close
62.50 GBp
Day High
62.50 GBp
Day Low
62.50 GBp
52 Week High
06/6/14 - 143.00 GBp
52 Week Low
01/27/15 - 54.00 GBp
Market Cap
50.6M
Average Volume 10 Days
5.6K
EPS TTM
0.16 GBp
Shares Outstanding
81.0M
EX-Date
05/14/15
P/E TM
6.0x
Dividend
0.03 GBp
Dividend Yield
2.82%
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 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 to Report Fiscal Year 2014 Results on Apr 24, 2015

Volga Gas plc announced that they will report fiscal year 2014 results on Apr 24, 2015

Volga Gas plc Announces Executive Changes

Volga Gas plc announced new Board appointment and further directorate changes. Mikhail Ivanov has advised the Board of the company that after 9 years of service as Chief Executive Officer of Volga Gas he relinquish his current position for personal reasons. However, at the request of the Board, Mr. Ivanov is to remain a director of the company and will become non-executive Chairman of Volga Gas at the conclusion of the next Annual General Meeting on June 5, 2015. Aleksey Kalinin, the current Chairman of Volga Gas, will move to become a non-executive director of the company. To succeed Mr. Ivanov, after a careful search process and interviews with several highly qualified individuals, the Board announced the appointment of Mr. Andrey Zozulya as new Chief Executive Officer of Volga Gas. Mr. Zozulya will join the Board of Volga Gas on May 5, 2015 and after a brief transition period will assume the role of Chief Executive Officer.

Volga Gas plc Announces Preliminary Unaudited Group Earnings and Production Results for the Year Ended December 31, 2014; Provides Production and Capital Expenditure Guidance for the Year 2015

Volga Gas plc announced preliminary unaudited group earnings and production results for the year ended December 31, 2014. For the year, the company reported revenue of $39,423,000, operating profit of $12,752,000, EBITDA of $17,408,000, profit before tax of $16,287,000 and profit attributable to owners of the parent company of $13,058,000 or $0.16 per basic and diluted share compared with revenue of $34,621,000, operating profit of $8,183,000, EBITDA of $14,752,000, profit before tax of $9,595,000 and profit attributable to owners of the parent company of $8,559,000 or $0.11 per basic and diluted share a year ago. Net cash flow generated from operating activities was $16,246,000 against $15,363,000 a year ago. Purchase of property, plant and equipment was $5,520,000 against $6,229,000 a year ago. During 2014 the Group benefitted from a full year's operation at increased throughput at the Dobrinskoye gas plant which enabled sustained production from the Group's field, Vostochny Makarovskoye (VM). This higher rate of production has resulted in record Group revenues, EBITDA and profits for 2014 and enabled the Group to increase its net cash position after paying a maiden interim dividend. Capital expenditure in 2014 was less than originally planned mainly because the operational difficulties experienced on drilling the VM#3 well led to a delay in the completion of that well and deferral of further drilling into 2015.  During 2014 capital expenditure of $5.9 million was incurred compared to $5.9 million a year ago. In both 2014 and 2013 all of the capital expenditure was on development and producing assets. For the year, the Group produced at an average rate of 4,244 barrels of oil equivalent per day (boepd) compared to 2,958 boepd, an increase of 45% over the average rate for 2013.  This was driven by increased gas and condensate production from the VM and Dobrinskoye fields partly offset by declines in total oil production. Average Oil production was lower in 2014 than in 2013, averaging 689 bopd in 2014 compared to 826 bopd in 2013.  For 2015, assuming successful drilling of the new wells, management expects to increase production to above 5,000 boepd by the end of 2015. The total capital expenditure budgeted for 2015 is approximately $14 million.

 

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VGAS

Industry Average

Valuation VGAS Industry Range
Price/Earnings 6.0x
Price/Sales 2.0x
Price/Book 1.0x
Price/Cash Flow 6.0x
TEV/Sales 2.0x
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