more gas than gobblins ass, page-8

===========>>> Major Gas Find <<<===========

Vpe moves from explorer to producer at a time when global demand is hitting the highs not seen since the 1970's.

We need twelve months to see how much income the comapny gets from Cooper and now Flour Bluff - gas and oil revenues.

We HC members estimated that the oil being pumped from the Cooper is worth about 2.5 million PA to VPE and now with 150 BCF of gas in the US as well as the Coal Seam methaine in Wyoming, we are starting to see real value developing.

VPE - needs to SERIOUSLY consider a 25 - 1 consolidation - that way when it next needs to do a placement it wont dilute our capital as fast as the last 120,000,000.

Its been hovering around the SPP price of 0.04c and needs a kick along.

Whilst the announcements to the ASX are great - perhaps when their is ACTUAL news then VPE should inform the market - not just at what depth the frikin drill is at.

singas