script consolidation - 50 - 1

VPE has massive amounts of script - whilst this gives day traders ease o entry and exit - VPE should begin to consolidate its capital for the next stage - exploration to production. That way, any SPP or direct issues will not further dilute what is already a massive amount of shares.

VPE has excellent cash reserves, an agressive drilling plan for 2005 and now production which we have valued at between 2.5 & 3.5 million per annum using US $50 per barrel. ( see old posts on VPE) - now with oil at US$55 VPE is looking more and more like making the transition to a diversified producer.

singas