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S H B - Wed, 27 Dec 06 :

GD

Yes saw your post yesterday and put a few questions forward to attendees myself.

On the question of news etc, I am still expecting an update of sorts from 103 as it has been reported...

Equity research:
"Well 103 is being cased and will be tested in the coming weeks to determine reservoir productivity and volume. Testing will take a minimum of 90 to 120 days. A drilling update is expected by year end."

Shares:
"Around Christmas, Victoria should have news on gasflows from well 103"

VOG should know reasonably quickly if 103 contains Gas/Oil with the flow tests to follow on, the flow tests are costing around $2million to perform and am sure if 103 is dry then we shall also know fairly quickly that the flow testing will be abandoned, I cant see VOG stringing it out for upto 4 months to inform the market that the gas did not flow.

We can also be assured that VOG have employed Baker Atlas who are one of the top specialists in the field to conduct the tests, if they cant get it to flow then it wont be because of a lack of expertise.


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