another possible oil discovery, page-17

Just spoke to JK.At a Gold Coast Presentation.Plenty of interest in VPE from ex QGC shareholders. In fact, quite big interest. Still have a chance at lower levels at Tigershark but not holding much hope. But you never know.Probably a bit too far west.Could even be 800 metres too far west. Such is this game. He was really pleased with progress so far. Will be doing 3D seismic on the area next year.

An interesting comment from JK. "There are 100 junior aussie oilers with less than $1m cash." VPE will have about $20m by year end, positive cash flow, an exciting oil inventory and some real grunt ( via BG/QGC ) on the CSG side . Plus of course the news is shortly coming out from the IEA that the worlds oil fields are in a natural 9.1% decline. That's why the big boys want Aussies CSG.

You cant win them all, but Tigershark was useful. Onwards to Stormbird.