Hatchy: Some good comments by you. I do agree that JK is basically an OIL person and the CSG "happened" to fall into VPE's fold more or less. However, BOTH the OIL and the CSG have ample additional value and should re-rate VPE strongly upwards sooner or later. You mention Santos - and WHY should they not be interested?? But any company taking over could also keep the part they really want and sell-off the rest to another interested party. Many potential possibilities in my view.
I believe that it is VPE persuing ITC right now in order to consolidate that oil position. But, of course, I might be wrong.
The critism voiced by shareholders versus VPE is not in respect to the great grounds that it holds but rather due to the persons involved. Many people feel (rightly so in my view) "shortchanged" by JK over the many, many years of decreasing sp in the past. And history is NEVER easily forgotten...
All purely JIMHO, of course.
wasa
VPE Price at posting:
31.0¢ Sentiment: Hold Disclosure: Held