obvious discovery made by jv, page-39

Hi All

I wonder when they will announce how productive this find is?

Things I have picked up on over the past month watching this company are:

- Preliminary findings have met or exceeded expectations - just awaiting announcement that production is to begin and how much Gas, and probably Oil, there is.

- Verus has a 50% interest in this joint venture.

- The company has purchased neighbouring land to allow it to connect this site to the major pipelines.

- More wells are expected and planned near by.

- This site was explored in the 1950s and when too much Gas
was found - it was abandoned, as Gas was not what they were after back then, it was Oil. The thing is, the Gas is still there and Oil (it is indicated) lies underneath - and with todays technology - we can get to both.

That is enough for me to be a holder and not a trader for this company.

I will hold and wait for the share price to rise on the forthcoming news which given the facts above - should bew good for this companies share price (IMO).

America needs this gas and oil ;-)

I hope Verus can help them out!