Victoria Oil & Gas - Re: VOG Stream Log - VOG is not in a...

VOG is not in a position to drill new wells in a bid for more gas reserves, as its credit line is weak. We need to stop the drilling, at least for the moment, and ramp up production. When there is enough cash in the pot, then, and only then, do we return to exploration. If we start a drilling spree and hit a series of dry wells, then VOG is history. If Chairman Foo refuses to listen, then we should use shareholder muscle and vote him out. After all, his responsibility should be first and foremost to the shareholders. Another possibility is for a white knight to appear, see the potential in VOG, excise the rot within the Board, and start making some real cash. There is absolutely no reason why VOG should be mired in debt. Heads need to roll starting at the top, to protect this valuable gas utility, which equates to progress in the Cameroon economy.