Theres still funding of last resort with the likes of La Jolla...

Theres still funding of last resort with the likes of La Jolla (some will be familiar with their MO - shudder.

I'm kinda hoping that VIL get bought out by Gulf for their 10% - but not sure its worth that much now. Still has potential but wild cat drilling costs alot an comes with risk in a still unstable country.

VIL are left with FP and not much else and are desperate for cash IMO so its either...

A cap raise from SI's and SH's (rinse and dilute)
B Go to the likes of La Jolla (more dilution)
C Sell asssets?? No producing assets - just potential
D Administration (I'm not suggesting they are at that point, but they have limited cash and no revenue).

On the bright side VIL can't go much lower (well they can go to zero) but they are at the bottom.

I think ADX certainly has more going for it with other assets but we are all (VIL, XST, ADX) licking our wounds and waiting for more info from our respective directors. Silence ain't communication!

All IMO from a VIL holder thats has (nearly) lost the lot!

Maddoc