wow 51 million barrels of oil, page-48

I think if Lyons Point even has a sniff of oil then 1c will be well gone and we could even close in on 2c...

I belive there's plenty of money sitting on the sidelines waiting for an entry once we get an idea that cashflow will be coming in the short/medium term otherwise another CR is inevitable, however any CR will be at a higher price and will be for development rather than exploration IMO, whch would be a fantastic milestone for VIL.

There's some near term events coming up that could continue the momentum...

1. LP reaching first target objective at 15,500 feet (tomorrow)??

2. Caza quartley report (by the 15th of Nov), maybe a bit more info on Bongo

3. LP reaching target depth 16,300 feet (end of next week?)

4. Test rig contracted for SD (end of Nov)

5. Test rig on site at SD (Dec)

6. FP farm out details of current negotiations - final deal? (By xmas)

7. Results from SD testing (Dec/Jan)

8. Drilling of FP - who knows, hopefully 1Q 2012


All just my musings, but hoping we continue to have luck with the drill bit, and management keep the momentum going with other deals (and don't dilute prematurely)

GLA

Maddoc