A well thought out, well written and factual post Giddyup,...

A well thought out, well written and factual post Giddyup, thankyou.

You might also add that it was Pass who put VIL in the drivers seat at Fausse Point to start with, you could also speculate that Pass may have hand balled Bongo in VILs direction given Pass have been dealing with Caza with other farm ins at the time it came up.

VIL are not being done over as a few seem to point out, they are taking an interest in a lot of largely derisked assets, not many up and coming small caps can say the same, yes VIL seem to be a little light on cash at the moment, but they have no debt and they were offered a 10 million debt facility which they rightly refused due to the circumstances of the offer which it would seem were deemed not to be in their favour, no surprises there but management could have taken it and had 10 million up their sleeve and said stuff the share price.

What we have gained is 27% more of Fausse Point which put VIL on the map in the first place, already drilled, gas and oil shows, infrastructure in place, buyers contracts in place.

The hit and hope part of the drilling is done and they hit, they are not spuding a wildcat well, the drilling is already done.

If flow rates are good we will gain an extra 27% income from the Fausse Point field, not just one well, the field as it is developed and extra wells added.