need more cash

Well the upcoming testing and exploration still holds promise but I think VPE will need more cash by end of June qtr

According to 3rd qtr cashflow they have
Cash of $3.166mil
If revenues stay roughly the same for June qtr thats another $1.4mil net of production costs
Admin is averaging $700k per qtr
Expltn and dev for June quarter is estimated at $3.037mil

So thats
$3.166mil
+ $1.4mil
+($700k)
+($3.037mil)

=$829k at end of June qtr

With a cap raising looming, they will have to find something substantial (500bopd+) or the sp will continue to struggle imo.