Ann: Change of Director's Interest Notice, page-10

I bought some VEN today .
Even though they have some assets in common I think they are very different businesses .
They have a different business plan , different management capabilities and BOD's.

VEN has only had a short history as a listed company and it has been active and very successful in its exploration efforts .
However it listed at a very unfortunate time for an Oil and Gas company and is well down on its early year share prices .
They have very ambitious plans and the Market sees the same problem ahead that overhangs MEL .
Where will the money come from and how much dilution will it bring and how many short term Carpet Baggers will a placement bring onto the register.

Both MEL and VEN look to be bargains to me but fossil fuel companies are out of favour in todays Market .

In a nutshell VEN has a Market Cap almost 3 times as big as MEL so everything else being equal you should expect almost 3 times the value of shares to turn over each day on average .