bargain time prior to spud

I couldn't resist and grabbed a huge chunk of shares at 1 c on thursday.

Imho this company has a lot going for it in the next couple of months.

- A highly prospective oil / gas play in Tunisia where a success could re-rate VIL up to a level of 33c/ share. VIL will run on speculation alone imho so the current shareprice level is an awesome level to enter the play. Drilling will take place in the next couple of weeks.

- Fausse Point 2 appraisal drilling taking place in a couple of weeks which could send VIL's shareprice even higher due to the huge interest of 74 % in the project. Even if they farm-out to around 50% any success in the project will still mean a huge rerating.

- Potential revenue streams coming from their other discoveries ( Bongo , Silverwood )

Remember, VIL's shareprice has seen highs of 7.5c / share during the drilling of Fausse Point 1#... History tends to repeat itself.

Cheers