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VNGRF Vangold Resources Ltd featured news, full reports, and detailed charts

Vangold Resources Ltd (VNGRF/VNGRF.PK) Wrap Up:

Vangold Resources Ltd. engages in the exploration and production of oil and gas properties. It owns interests in various oil and gas projects located in Alberta, Armenia, Kenya, and Rwanda. The company also involves in the identification, acquisition, evaluation, exploration, and development of mineral properties located in Canada, Papua New Guinea, Brazil, and Uganda. It primarily explores for gold, silver, copper, nickel, cobalt, and platinum ores. Vangold Resources Ltd. was founded in 1978 and is headquartered in Vancouver, Canada.
www.vangold.ca
Founded in 1978

Vangold Resources Ltd (VNGRF:Pink OTC Markets Inc)

LAST $0.18 USD
CHANGE TODAY 0.00 0.00%
VOLUME 0.0
As of November 19, 2009 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of Vangold Resources Ltd (VNGRF)

OPEN
--
PREVIOUS CLOSE
$0.18
DAY HIGH
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DAY LOW
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52 WEEK HIGH
10/14/09 - $0.25
52 WEEK LOW
12/24/08 - $0.03
MARKET CAP
15.6M
AVERAGE VOLUME 3 mo
4.6K
DILUTED EPS TTM
--
SHARES OUTSTANDING
85.7M
VNGRF Does Not Pay Dividends
P/E TTM
NM
K = Thousands  M = Millions  B = Billions

VNGRF Top Compensated Officers

Mr. Dal Brynelsen
Chief Executive Officer, President, Director ...
Age: 62
Total Annual Compensation: C$300.0K
Mr. Stanley Huntingford
Chief Financial Officer
Age: 61
Total Annual Compensation: C$138.0K

Executives, Board Directors

Compensation as of Fiscal Year 2008.

Key developments for Vangold Resources Ltd (VNGRF)

Vangold Resources Announces Drilling Updates

Vangold Resources Ltd. announced that the co-owners of Block 9 in Kenya have commenced drilling of the Bogal-1-1 well. The Bogal-1-1 well is located less than 60 kilometers away from the first of 11 targets on Vangold's Block 3A and 3B all located within the Anza Basin. The co-owners of Block 9 are China National Offshore Oil Corporation (CNOOC), The Taiwanese National Oil Company and Africa Oil Company. The Bogal-1-1 well will target the Jurassic reefal limestone carbonates and cretaceous sandstones as the main objectives and be drilled to a projected depth of 5,500 meters. Numerous other prospects have also been identified in Block 9. Vangold's Kenya Oil 100% owned concessions Block 3A and Block 3B cover an area of over 24,000 square kilometres which lie partly along the proven hydrocarbon fairway of the Central Africa Rift System (CARS). The Company has 11 indicated targets and leads with similar potential to Block 9.

Vangold Resources Ltd., Special/Extraordinary Shareholders Meeting, Nov 17, 2009

Vangold Resources Ltd., Special/Extraordinary Shareholders Meeting, Nov 17, 2009 Agenda: To approve the plan arrangement under which company's shareholders will receive shares of newly formed Vanoil Energy Ltd.

Vangold Resources Ltd. Increases Ownership in Sarcee Gas Prospect

Vangold Resources Ltd. announced that it has acquired an additional 8.5% in the Sarcee 12-13-23-4W5M ('Sarcee 12-13') gas well and the surrounding 2,560 gross acres from the minority partners. This acquisition increases Vangold’s ownership in the Sarcee project from 33.5% to a 42% working interest. The Sarcee 12-13 well is located on the Tsuu T'ina First Nation (Sarcee Reserve) immediately west of the city of Calgary, Alberta. In 2005, C1 Energy Ltd. ('C1'), the then operator, reported that the Sarcee 12-13 well was drilled to a depth of 3,254 meters subsurface and intermediate casing was set to 3,160 meters subsurface. Immediately below that depth the Sarcee 12-13 well encountered a fully dolomitized 70 meter gross (48 meter net) pay interval with a 5% average porosity in the primary target zone being the Turner Valley formation. The well preflowed in an open hole condition to verify the presence of natural gas.

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VNGRF Competitors

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Industry Analysis

Valuation VNGRF Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 234.1x
Price/Book 0.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales 189.1x

VNGRF

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VNGRF transactions

Type
Date
Target
Private Placement
October 21, 2009
--
Merger/Acquisition
August 31, 2009
The Sarcee Mississippian Gas Well
Spin-Off/Split-Off
August 20, 2009
Vangold Resources Ltd., Oil and Gas Property in Alberta, Kenya, Rwanda and Stake in IBC Advanced

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