why not fausse point

We seem to have pushed the Fausse Point project aside and concentrating on the Sidi Dhahir. The majority of shareholders invested in Verus because of the Fausse Point project.

VIL shareholders have a massive 72% stake in FP and 10% in SD.

The operator GGP stated the following in their "Project Updates June 2012" regarding Fausse Point:

LEASES OVER THE NEW TARGET HAVE BEEN PUT IN PLACE BY THE COMPANY, AND THE DRILL SITE HAS BEEN READIED FOR NEW OPERATIONS.

DRILLING AND TIMING OF THIS WELL IS THE DECISION OF THE MAJORITY WORKING INTEREST PARTNER VIL WITH 72%.


As the leases have been put in place, and the site is ready for drilling, why are we still waiting for a commitment from our management !!!!

Surely, after 34 months of waiting our management should be more accountable and transparent.