now things get really interesting

hi guys and girls

Queensland Gas Co has just announced a 7% stake in Victoria Petroleum.
They have not made any noise about their intentions as yet.
In the meantime Odn continues to increase its stake which in the event of a QGC takeover would be an effective block.
David & Goliath ??

Vindicates Odins position as 1st mover on VPE, and as far as i can tell worst case scenario Odn could book a very substantial profit on its VPE stake.

Having said that ODN has been very aggressive to date and continues to buy on market. Should start to get some media coverage on this one. VPE up over 20% today on the news.

Stay tuned