what vpe have spent, page-14

Hi Gs

Can you give any pointers with regard to VPE.

I have my own opinion on the value of VPE CSG especially after the Rudd super tax uncertainty.

If VPE does try and t/o ITC and is successful it would result in a much lower drilling expense to VPE as they could just cut back on the number of wells drilled. Then use 100% of the oil production profits to fund further drilling as and when the cash flow comes in. Not a bad play for VPE, awful for ITC.

Final with regard to mljet and with respect to all of his posting I have to disagree with all of them.