Until recently VPe was suffering under the preconception that...

Until recently VPe was suffering under the preconception that John K was milking the company for all that it was worth.

Now he been moved aside we have to see the calibre of the new guys.

Having said the negatives you have to award John points for his success in CSG and the western fairway in the CB.

Personally I like focus h/c plays, is it oil, gas or csg, in one area or spread around the world and so on.

Hence CVN was great, focus on just Thailand which is still successful, the new areas I wonder and still no dividend return to us shareholders. another terrible example of too much spread and waste of shareholders funds was Arc before the AWe t/o.

Now with VPE I do not like CSG and I think the economics look awful but there again the market love it.

I also do not understand the 10% stake in ITC, why, prelude to a bid, blocking stake who knows. All I do know is that the purchase wasn't a friendly action.

Bottom line is my thoughts/knowledge is that there is a lot more oil in the western CB then can be disclosed to the asx, right now.

PS I hold ITC and still have no interest in vpe