RE:Full Status Update …..No definitive time frame This news release is a good start; VLE management begins to realize that the gravy train they are on maybe coming to an abrupt stop & they actually have to work for their money.
FYI regarding Tenaz; same game when comes to cheap rights purchase:
Tenaz Energy Corp. (formerly Altura Energy Inc.)
Under the Rights Offering, holders of Rights purchased an aggregate of 10,179,840 common shares of Tenaz (“Common Shares“) at a subscription price of $0.18 per Common Share for aggregate gross proceeds of approximately $1.8 million. The net proceeds of the Rights Offering will be used by Tenaz for general corporate purposes, capital expenditures and the acquisition of global oil and gas assets.