"Possible scenario, only thinking aloud...maybe a buyout of Pass Petroleum...= 72% of Fausse Point?
This halt is awfully close to the tie in of the pipe and recommencement of production,further flow testing and analysis." ----------------------------------------------------------- In addition to my comment above (and nice to see that a few here are thinking along these lines)have we also considered an investment firm underwriting the options to facilitate a PASS buyout?
$24M to convert VILO'S (if no one else converts) is a greater offer then the 500 million shares offered by GGP to PASS at GGP's current market prices.
Plus say VIL offered a few more shares to PASS in addition to the funds raised. Wow this would send the oppies crazy and be an outstanding result for VIL and VILO holders. Would add many other drilling opportunities to our current Fausse Point and give us a huge share of the potential massive discovery awaiting further testing.
Only canvassaing another possibility. All the best to all that have held on especially to us VILO holders.What a white knuckle ride this has been.
VIL Price at posting:
2.8¢ Sentiment: Buy Disclosure: Held
