New project makes up for Victoria’s slip

VOG

Published date:
Thursday, April 3, 2008

Russian authorities are expected to give Aim-listed Victoria Oil & Gas (VOG:AIM) the green light to move their Siberian gas project at West Medvezhye, into production. After retreating from a high of £2 to 10p there are signs that the company has reached a turning point. The stock made a recovery in January on stake building by a Middle Eastern consortium and while it has slipped since, it rose to 29p, up nearly 17%, in response to the positive update from Russia.

Shares says: A good start but still work to do. TS

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