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VPE - Victoria Petroleum

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Well news by VPE today looks encouraging and that was a nice little move by FAR today, lets hope it's the start of an upward trend. Not much happened with VPE though.
 
Not meaning to be too negative about VPE but not much ever happens with VPE's share price. They are unfortunately full of too much hot air and the market has just become numb to them. Not to mention the fact that they have far too many shares on offer which dilutes the share greatly.
 
I thought it was only me who was wondering why Vic Pet was not moving with the Eagle well appearing to come good. 20% of a thousand barrels a day coming out of the ground in the good ol USA sounds pretty good though I realise it is yet to be confirmed. Mirage 2 coming good and the possibility that the Mirage field is much larger than was thought also sounds pretty promising.

Note that I own Vic Pet shares.
 
EME, a partner of VPE has gone more than 100% on news of Eagle-1 oil show and it is interesting why VPE is not spotted yet.
 
gday...
got me baffled this... put seems to be a bit of a steel at its current price... i know it has a truck load of shares out there, but shouldn't make that much difference... market cap is 50mil, with the amount of upside potential cant see this staying round its current levels. seems to be one of the least risky oil juniors out there... i reckon it will all come together in due time. could be worth a dabble. regards beach
 
Long time follower of VPE (I think I started the re-interest in this thread re Eagle)

Problem is it has

1 Run very high before for nothing

2 Had huge, huge delays in meeting its drilling schedule,


It looks to be getting on track now, but there are alot of bears out there, I think once the flow rates ar confirmed it should be a goer, but until then the bears will be there in force, what really suprises me is that the day traders were no where to be seen Eagle was spudded, the company (and market) has waited for years and years for the eagle well.


That being said until Mirage wells come on line in force and eagle flows good volumes stock is trading in line with my valuation (of its assets)

Flour Bluff = 0.7c (is 1c using current US gas prices but assuming long term 0.7c) also field has yet to show its full potential of 10MMCFD = 1C VALUE

Mirage = 2c Until then new wells come on line with force this is what I value Mirage at

Jingemia + Ventura = 0.3c again until we see development at ventura this is value

Note the values I ascribe are net cents per share to VPE

Adds up to 3cents, should eagle come in at medium success ie 500-800 bopd = 3c Should it flow well above 1000BOPD = 4.5c +

So short term watch how the flow rates of Eagle turn out as this is where the stock may either take off into orbit or drift back slowly dead in the water

Happy Investing
 
gday
based on your evaluation,,,which i would tend to agree,, there is not that much of a risk at the moment in losing you load on a bad flow rate at eagle and mirage,,worth a punt in my book,, not too many other junior oilys have that option,,,,, just might not make a killing if they have great results,,sort of a low risk gamble,, if you could call it that,, would you agree?? regards beach
 
Mirage 2 and 3 look to be a success hence why ITC has been moving up, yet the Wooly Mammoth VPE sits like a lumbering hulk, the market failing to reward this company for its success, why?

I can't understand why this stock is controlled by the bears
 


Hi Young Trader,

VPE ..... historically Dry Hole Johnny has seen about 115 wells
put down for about 3 (maybe 4) winners, so traders are wary
about his hype ..... they have heard it all MANY times .....

However, the main reason for the lacklustre share price is
the 2 BILLION shares on issue ..... it will take a TRUCKLOAD
of good news to lift VPE off its lows.

Sure, with time and improved production VPE can improve,
even with the current structure in place, but let's not expect
any miracles ..... because, there's a lot of stale bulls
willing to sell into any rally, just to recoup some of their
losses.

DHJ recently signed up for almost $1m over the next 3 years
(and he receives that come-what-may), so one may say,
that he really doesn't care what happens to VPE from here??

happy days

yogi

P.S. ...... will be alert for some good news from VPE,
around 16032006 .....

 
Dry Hole Johny

I remember reading that nick of his in Resource Stocks I think it is,

Also does VPE have relations with ETE?

I ask because if you check some of VPE's presentations they have a page with pics of Jets and fighter aircraft, saw the same page in an ETE presentation recently, coincidence? Maybe, Relvance to an Oil Company? Zero


Lets hope dry hole johny can become Oily hole Johny :bananasmi
 


..... that's correct,YT.

ETE was previously in bed with VPE and ITC, etc but then ETE
sold their Cooper Basin stake to ITC, in October 2005.

happy days

yogi

 
:sleeping: someboy get this stock some coffee and wake it the hell up, its other partner ITC has rised quite strongly on the back of the Murta drlling success, yet VPE :sleeping:

Need some :cup: then hopefully VPE will be
 
Got tired of this dog to get up and run, sold out at 2.9c (consider myself quite lucky)

If it does decide to sit up and dust off its fleas I may re-enter on a day trade, Eagle what a let down!

And even the activity at Mirage couldn't do anything for it

Oh well I bought @ 2.7c so at least I made a wee wee bit
 
Some Yogi, have been selling down though whenever it got to 3.5c or above, I think I sold most in Jan @ 3.5c only had 300k left so nothing big, but was waiting to see what would happen,

As usual nothing!!!!!!!!

Made a profit, just not a killing, least I didn't get killed
 
Spoke to VPE this morning, everything on the Eagle drill is now proceeding without any further technical difficulties.
They know the oil is there, they're just using a softly softly (slowly slowly???) approach to make sure there are no further problems.
This well will DEFINITELY not be plugged and abandoned.

They will issue another update on Friday.
 
in the mean time VPE continues to slowly slowly drop,, regards beach
 
by the time they finish VPE would of dropped that much that if the flow rates are good then any rally will just be at todays levels,, lets hope not for any of you VPE holders, you should be well rewarded for your amazing patients. i couldnt wait anymore personally, regards beach,
 
VPE- Oil company with US exposure

Good prospect after long time of hibernation.
Already a local oil producer with many drillings schedule
Will test production in the US targeting recoverable OIL up to 34mil barrels.
Very good oil company if you believe in oil-related stock...


www.vicpet.com.au
 
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