VPC - UNDERVALUED OIL STOCK

Last week Numis had a buy on VPC to £6.00,based on reserve increase to 150mbboe,and production averaging 46k bboe next year.And not least the fact that we were selling at less than 1X discountd cash flow for next year.Surely a rageing buy in anybodys book.

Yesterday Numis came out with a sell on DNX,reducing thier price estimate to £7.70,whilst Seymour Pierce had them as a sell with a target price of £6.52.

I have to think that VPC will hopefully have thier day at some stage.I was rather green with envy when I saw DNX over £10.00 on Monday.Vpc may not have the exploration assets but it appears to be able to do good deals to utilise the infrastructure it has in the NS.This must be less risky than having dry wells.

The cash flow is really big for the market cap.Hopefully we move on soon.