Just a look back at the past VPE ann's buried in their Annual...

Just a look back at the past VPE ann's buried in their Annual Report....... 18 drill targets.
All current production is behind the 8 ball or is severely constained on initial production test's despite the water cut as seen in Impress Charts at a very low percentage.
Plot ...What Plot...247
Begins
The addition of a new oil discovery to your Company’s assets, the
Snatcher Oil Field, is also significant, as not only does it add to
Victoria Petroleum’s oil reserves within the Western Margin Oil trend
of South Australia, it also extends by some 50 kilometres the proven
oil fields within the Victoria Petroleum permit interests PEL 104/111.
The potential proved and probable reserves (P10) for both the
Growler and Snatcher oil field now stand at a level of close to a
gross 4 million barrels of recoverable oil with 1.6 million barrels of oil
net to your Company.
With the further development drilling planned for the Growler Oil and
Snatcher Oil Field plus the bringing onto production the Snatcher Oil
Field in the fourth quarter 2009, I am confident that your Company
over the next 12 months will achieve gross oil production in excess
of two thousand barrels per day, thus doubling net operating cash
flow from oil sales.
A major technical achievement has been the acquisition of a 3D
seismic survey over the area extending from the Growler Oil Field to
the Snatcher Oil Field.
This 3D seismic data is important as the successful drilling results
within the Snatcher Oil Field confirm 3D seismic data offers the
technological breakthrough for the successful delineation of further
oil bearing Birkhead channel sands.
I am confident that the 3D seismic data will provide up to a further
18 drilling targets. The 3D seismic data should enable the current
exploration success rate of 67% and development success rate of
100% to be maintained.
Next item......

OPERATING AND FINANCIAL REVIEW (CONTINUED)
GROUP OVERVIEW (continued)
Development
Development activity for the year included:

Growler 4
BOPD (52 BOPD net to Victoria Petroleum).

Growler 3
BOPD (120 BOPD net to Victoria Petroleum).

Growler 5
BOPD (200 BOPD net to Victoria Petroleum).
Tigercat due for production in October.

Snatcher 1 October
at a rate of 400 BOPD (160 BOPD net to Victoria Petroleum).

Snatcher2
December 2009 at a rate of 400 BOPD (160 BOPD net to V