8m strong oil shows in primary, page-16

Just one thing with regard to VPE's value per share statements, I can remember them having these sorts of figures BEFORE the 1 for 10 consolidation... What I ended up deciding was that it was a value of say 40c per share over the life of the well, ie 40c/share of potential revenue.... Not sure if this is right or not, but certainly when I did some numbers I could not see how it could possibly add 40c to the sp!!

The figures are very vaugue in that respect and easily open to mis-interpretaion...

only a luke warm reaction so far, I guess telowie had oil shows and was abandoned, so market might be a bit wary.

Tony.