Last 91.00 GBp
Change Today +0.50 / 0.55%
Volume 0.0
VGAS On Other Exchanges
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As of 11:35 AM 11/27/14 All times are local (Market data is delayed by at least 15 minutes).

volga gas plc (VGAS) Snapshot

Open
90.50 GBp
Previous Close
90.50 GBp
Day High
91.00 GBp
Day Low
90.50 GBp
52 Week High
06/6/14 - 143.00 GBp
52 Week Low
11/12/14 - 89.50 GBp
Market Cap
73.7M
Average Volume 10 Days
20.1K
EPS TTM
0.14 GBp
Shares Outstanding
81.0M
EX-Date
09/24/14
P/E TM
9.9x
Dividend
0.04 GBp
Dividend Yield
2.80%
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 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.

Volga Gas plc Recommends Maiden Interim Dividend, Payable on October 24, 2014

Given the strong financial position of the Group and the expected future ongoing cash generation, the Board of Volga Gas has decided that this is an appropriate time to commence payment of cash dividends. On 10 July, the Company announced the Board's dividend policy, which is to pay out up to 50% of net income as cash dividends - a level which the Board considers to be sustainable and that can be increased as the profitability grows. In line with this policy, the Board has recommended a maiden interim dividend of USD 0.0375 per Ordinary Share. The dividend will be paid on 24 October 2014 to shareholders on the register on 26 September 2014. Shareholders will receive the dividends in US dollars unless they elect to be paid in Sterling.

Volga Gas plc, Special/Extraordinary Shareholders Meeting, Oct 03, 2014

Volga Gas plc, Special/Extraordinary Shareholders Meeting, Oct 03, 2014.

 

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VGAS

Industry Average

Valuation VGAS Industry Range
Price/Earnings 10.1x
Price/Sales 2.7x
Price/Book 1.0x
Price/Cash Flow 8.3x
TEV/Sales 2.7x
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