poor announcement from ggp, page-52

Guys I agree it was poor that VIL did not get an update under their code and yes I am still holding VILO.

I thought I may draw your attention to some other bits and pieces.

Firstly I am not defending GGP although I hold. GGP's recent merger update did mention gaining greater control of prospects. Oilman you may be right with a falling out.

"Increase the GGP working interest position for a minimal cost exposure in both existing production
and development projects at Bullseye and the recent discovery at Fausse Point where GGP can
capture greater control and cost savings."

Now also interesting comments regarding the Louisiana area from AUJ.

"Recent publicised events in respect of the oil spill off shore Gulf of Mexico have resulted in some major changes to the exploration landscape in the Gulf Coast area. Offshore exploration activities are slowing down and the industry is moving on shore, particularly in Louisiana where the Silverwood prospect is located. This is positive news for companies holding prospects onshore, however it has resulted in higher costs for exploration activities as demand for oil services has increased."

Now I take from this section, onshore prospects may have greater value but there will be greater demand on resources for drilling. Fausse Point falls within this area.

I remain with the opinion that since BP explosion, resources and manpower may have been diverted away from current projects in past few weeks, causing delays.