check out presentation

ok guys did a bit of digging and went back to VPE's PESA presentation / update from the 15 march 2006.

i think thats where the 800 bopd originated from.
On page 14 of the presentation reffering to the mirage field it states ;

' 3 developement wells drilling in early 2006 to increase production to 800 - 1000 BOPD '


it wasnt until 21 march in their daily drill update that they included the 800 barrel figure.and thats when paytrade bought it to our attention. ( well done )

i dont know their reason for quoting this figure now, if it was something material it would have been flagged, and explained to the market.

as i posted yesterday, i think they are being overly cautious and dont want to over promise and under deliver.



do the math mirage1 started life as 250-300 free flow and is now 400 on pump.

mirage3 over a two hour flow period equated to 324 barrels. on pump that would be a little over 400.

thats already 800 bopd.

mirage2 will be swabbed to initiate a flow.
and mirage4 is being drilled.


i dont see what the problem is people!

is there something i've missed?
would apreciate some feedback.




cheers