Australian (ASX) Stock Market Forum

VPE - Victoria Petroleum

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VPE is a great CSG company with a strong cash backing and this trading halt could signal the start of the end as ive been elluding to a takeover, and this could be it....
maybe Sentient coming in for the spoils...
Future 2 TCF gas stock... growing oil portfolio...
:cool:
.^sc
 
vic p has been on a strong march as its CSG assets become realised by the market, with QGC ---> BG taking a stake...
Looks like a double top on the chart so maybe not a good time to buy just yet...
looking for a further breakout for buy signal to be confirmed...
great stock... solid chart.... cash backing... conventional and non conventional assets.... ....
:cool:
.^sc
 
:) Went a few cents highter again on Friday. QGC is working on certifying reserves in other areas in which VPE has an interest isn't it? How long until the QGC led process certifies further reserves? Havning seen a 10 cents per share increase or so on the back of this relatively small certification, can we expect a bigger increase for the upcoming ones (assuming they happen)? Note:- I own stock in this company.
 
Share price has been creeping up over the last week. Up 2c today to $0.35.

Disclosure-I am a shareholder.
 
Shrewd Crude said:
vic p has been on a strong march as its CSG assets become realised by the market, with QGC ---> BG taking a stake...
Looks like a double top on the chart so maybe not a good time to buy just yet...
looking for a further breakout for buy signal to be confirmed...
great stock... solid chart.... cash backing... conventional and non conventional assets.... ....
:cool:
.^sc
Click to expand...

Yeah was just looking at a list of stocks that have made or are at 52week highs in the last week or so and VPE showed up

Interesting, shows there's life still alot left in the CSG/CBM sector as BOW and ESG have also been up strongly of late

Not holding any just watching with excitement :)
 
The option (which i bought) is a winner - VPEO.

Exercise in 2010 at 25c. I bought it for 13c - a 0.5c premium - astounding!
 
Yeah and a 23 percent increase in value today for your option. You aren't doing too bad. About 200% increase from a few weeks ago. Could nearly get me really into options.:banghead:
 
Knucle said:
Yeah and a 23 percent increase in value today for your option. You aren't doing too bad. About 200% increase from a few weeks ago. Could nearly get me really into options.:banghead:
Click to expand...

Yeah should have got it a few weeks ago... first looked when it was 7c.

A mate put order in at 7c that should have gone off and commsec rang him not processing it for some reason and he had to buy it for 9c.... was not happy.
 
This success story is still unfolding just look who's jumped on board in the last couple months. These guys know VPE's true potential.:D
 
Yes...interesting people getting into company...Dale Elphinstone with large holding.. he was involved in QGC from the start ...very astute businessman..


I hold VPE..
 
VPE released firstQ 2009 report today. Looks like it will be busy for the rest of the year looking for both oil and gas in the Cooper Basin and CSG in the Surat Basin. IMO big things ahead as it holds good acreage in both basins and any discovery will boost the SP. I hold VPE and I am very excited:D Please DYOR
 
Just seeing if anyone has any thoughts as its been a quiet on this stock for a bit, both in discussion terms (0 hits in hot copper lol) and stock movements.

All sideways with little momentum and announcements over the last month.

Today's sale news didn't seem to be noticed either unless you count a ~2% slide to be action (which in this market?). There are no prices quoted in the announcement so is it safe to assume that VPE knows what its doing and got a good deal out of it? (as there is no need to sell due to no debt). Presume they want to focus on their cooper and qld CSG assets?
 
Sorry correction, there are threads in HC for some reason my earlier search got nothing.

Anyhow looking forwards to the drilling results
 
maverick11 said:
VPE is going to be a stock to watch IMO. Plenty on the cards to look forward to at the moment IMO :)
Click to expand...

VPE has suffered IMO on the back of lower oil prices, the CSG play will rally as more results follow but we've all got to remember this is a stock which has the goods from an oil perspective.

The CSG play is a bonus.
 
Pallen said:
VPE has suffered IMO on the back of lower oil prices, the CSG play will rally as more results follow but we've all got to remember this is a stock which has the goods from an oil perspective.

The CSG play is a bonus.
Click to expand...

I don't think the potential upside to this stock is about the oil, but rather the gas ;) Any big find and they will be a target for the larger companies imo
 
Yes isn't the big playoff the stake w/ BG? ie if those gas fields take off BG will buy them out at a pittance for BG but big dollars for VPE.
 

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