Last 127.00 GBp
Change Today -1.62 / -1.26%
Volume 12.5K
VGAS On Other Exchanges
Symbol
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As of 11:35 AM 07/9/14 All times are local (Market data is delayed by at least 15 minutes).

volga gas plc (VGAS) Snapshot

Open
128.50 GBp
Previous Close
128.63 GBp
Day High
128.50 GBp
Day Low
127.00 GBp
52 Week High
06/6/14 - 143.00 GBp
52 Week Low
07/16/13 - 80.00 GBp
Market Cap
102.9M
Average Volume 10 Days
8.1K
EPS TTM
0.11 GBp
Shares Outstanding
81.0M
EX-Date
--
P/E TM
19.9x
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 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.

Volga Gas plc Announces Unaudited Group Earnings and Production Results for the Year Ended December 31, 2013; Provides Production and Capital Expenditure Guidance for 2014

Volga Gas plc announced unaudited group earnings and production results for the year ended December 31, 2013. For the period, the company reported 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 compared with revenue of $28,295,000, operating loss of $5,906,000, EBITDA of $7,982,000, loss before tax of $6,308,000 and loss attributable to owners of the parent company of $7,421,000 or $0.09 per basic and diluted share a year ago. Net cash flow generated from operating activities was $15,363,000 against $5,445,000 a year ago. Purchase of property, plant and equipment was $6,229,000 against $10,319,000 a year ago. The company reported in aggregate, production in 2013 was 2,958 barrels of oil equivalent per day (boepd), which represents a 48% increase on 2012. For 2014, the company expected to achieve full operation at a capacity of up to 1 million cubic metres per day (35.3 million cubic feet per day). The total capital expenditure budgeted for 2014 is $13.8 million and is expected to be funded entirely from existing cash resources and cash generated from operations.

 

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VGAS

Industry Average

Valuation VGAS Industry Range
Price/Earnings 20.9x
Price/Sales 5.2x
Price/Book 1.6x
Price/Cash Flow 16.1x
TEV/Sales 5.2x
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