vil v's bcc, page-6

The thread title asks the wrong question IMO.

Junior oilers with upcoming spuds only compete against each other for limited trader funds for a VERY limited period of time.... after which they get repriced on the basis of recoverable reserves. VIL may get repriced earlier than BCC because its planned drilling program is shorter I think.

Some traders may get burned in all the hoopla but each to their own. I have a portfolio of several pre-spud oilers (including VIL, BCC, OEX, JPR, AWE ) and have been trying to shift some or my funds into companies that are not exposed to AUD based costs.

A better question: Why do most people still pretend this sector is more risky than others? There is complete certainty that scarce, cheap oil will get scarcer. The availability of 3d imaging and improved geological knowledge also quantifies explorer opportunity and risk quite well IMO.

Sorry for going but IMO the future looks pretty good for junior oilers that can establish a cash flow.

Cheers

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Not investment advice

Cheers