Vanoil Energy Ltd VNLEF

RE:Took some today

[cocoon1]

Yes, I've mentioned this before.. It would be an easy way to make money if you were of a shdy charachter. Revoke the license, watch the share price dive by 75% whilst taking up a position on the cheap and then give the licens back again with a couple of weeks to drill and get rich quite quickly I would imagine.

All conspiracy theory of course.

The point is, that if they do get their license back and they prove that they can fund the drill, this stock should fly. From the 2011 Sproule report their best estimated recoverable resources were 840m BOEs 

https://www.vanoil.ca/s/NewsReleases.asp?ReportID=470676&_Title=Vanoil-Announces-Independent-Resource-Estimate-and-Terminates-Non-Binding-L...

AND this is only from the Southern part of Block 3A.  This volume actually beats that of Taipan so I would expect to see a fairly sharp upswing in SP. The only thing that they don't have is a big renowned partner which is certainly going to put the institutions off from investing. But lets see where/if their funding is going to come from.

At any rate, if that license is reinstated we should make some money (or in my case recover it) fairly quickly methinks. On the other hand we might lose the lot.

GLTA

C