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NEWSFLOW ARTICLE

Volga Gas – formal sale process confidential information to be exchanged only securely, surely?!...

2020-05-11 11:32:19

A week ago AIM-listed Volga Gas (VGAS) updated investors with news including “average production in April 20 20 was 2,316 barrels of oil equivalent per day ( 43 % lower than March 2020)… gas price is fixed in RUR but still impacted with local currency devaluation against USD… cash balances of US$10.6 million” (31st March: $12.3 million) and noted currently “low demand for gas condensate & LPG”. The shares, which started the year near 40p, remained down at around 20p, a market cap of circa £16 million… until a rise on Thursday to 26.5p on no news… until today – a “Statement Re Share Price Movement and FSP”...

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