price reversal, page-44

The first rule of share trading is to remove your emotions and look at the facts, not one bad announcement, three good ones regarding gas and a mention of oil, so far no data which will come later in the form of wireline logs which should give column lengths, in 4 weeks flow rates which will confirm what is there.

Scalping and accumulating, profit taking, bots, day traders moving on etc is part of the daily market and especially in volitile low price shares that are easily manipulated, if you can't get used to the simple fact that your shares will not go up everyday when they are expected to you will find life hard as a trader.

I will hold for flow rates and possibly a second well announcement before that. They have said it will be tested as a production well, no surprises there, compare some of the other finds going around recently that are in production and look at the zones found by GGP in this well.

The fact that VIL have not had to rewrite and hype up most of the announcements like most investment companies do to put the best possible spin on things is a good sign.

They did a cap raising before drilling so I assume even with the blown out cost of this well they have the cash to do the next one, if the SP hits .10c before then and options start to be executed they will be cashed up further at a premium price rather than having to dillute further at a mates rates cap raising price to instos.

Today is a minor setback, nothing more.