Auto, Did you have a look at page 14 of the VPE presentaion on 28/10/2009? That was what I was refering to.
That showed VPE's total value at over $1.50 per share. Since that date the CSG value may have been hit by Rudd etc but the recent buy in by Total ( re STO ) confirms that values are still right up there. Also, VPE's oil assets are improving all the time.
VPE is so full of ex QGC guys it isn't funny. They know the value of VPE's CSG permits like the back of their hand. And they know they are sitting on a very large fairway of oil too.
VPE Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held