Last 120.50 GBp
Change Today 0.00 / 0.00%
Volume 0.0
As of 11:35 AM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

volga gas plc (VGAS) Snapshot

Open
120.50 GBp
Previous Close
120.50 GBp
Day High
120.50 GBp
Day Low
120.50 GBp
52 Week High
06/6/14 - 143.00 GBp
52 Week Low
09/20/13 - 82.00 GBp
Market Cap
97.6M
Average Volume 10 Days
68.0K
EPS TTM
0.11 GBp
Shares Outstanding
81.0M
EX-Date
--
P/E TM
18.2x
Dividend
--
Dividend Yield
--
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 Adoption of Dividend Policy

The Board of Volga Gas plc has decided to adopt a policy to distribute approximately 50% of consolidated net profit after tax as a cash dividend. It is the intention that this should be a progressive dividend which can be sustained and increased in line with the future growth in the profits of the group. Subject to all legal and regulatory requirements and approvals, the Board anticipates announcing an interim dividend together with the publication of the group's financial results for the six months to 30 June 2014, currently expected to be on or around 18 September 2014.

Volga Gas plc Announces Operating and Revenue Results for the First Quarter Ended March 31, 2014

Volga Gas plc announced operating results for the first quarter ended March 31, 2014. For the quarter, the company reported 4,512 barrels of oil equivalent per day (boepd), which represents a 52.5% increase on the average production rate for 2013. For the first quarter, the company's revenues for the three months to 31 March 2014 were approximately $11.6 million. Volga Gas continues to operate profitably and to generate positive cash flow in line with management expectations.

Volga Gas Seeking Buyer

The Board of Volga Gas plc (AIM:VGAS) has been exploring strategic options for the business, including seeking potential offerors for Volga by means of a "formal sale process". Consequently, Volga announced that it will conduct a formal sale process through Otkritie Financial Corporation. Interested parties will be required to enter into a non-disclosure agreement with Volga. Volga then intends to provide participants who have entered into such non-disclosure agreements with access to information with which to evaluate whether to make, and the terms of, any offer.

 

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Industry Analysis

VGAS

Industry Average

Valuation VGAS Industry Range
Price/Earnings 19.0x
Price/Sales 4.7x
Price/Book 1.4x
Price/Cash Flow 14.6x
TEV/Sales 4.7x
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