ann due!, page-3

Worth noticing on GGP's recent qtrly, that they plan to spend ~ A$1.8 mil on explorn & development activity in Q1-2010 & had cash worth $2.946 mil.

The tie-in to the nearby production facility is surely on the cards once they have commercial flow & the company had already announced that paperwork for site access agreements to lay the pipeline was already in place.

Should b an interesting week for VIL:
1) Qtrly update & cash situation/burnout etc
2) Update on the workover rig on-location &
3) Commencement of perforation activity for the lower sands.

Good to see them increase their acreage to 360 acres now (i.e, 280+80) to maximise draining the sands accordingly in future wells across the tenement.

As per VIL's 15th Sept mkt release, they plan to drill 3-6 additional wells at FP pending a successful discovery at FP#1. A cap raise can't b ruled out either, mayb at 4c(?), IMHO.