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To: Cheeky Kid who wrote (61447)	11/29/2010 9:47:22 PM
From: ogi	6 Recommendations Read Replies (1) \| Respond to of 233938

That's the beauty, you don't like, you don't buy. I have a huge position in VER, at about a .12 avg. I am certainly at a profit and I clearly missed the best lows before the "pump" came as you have chosen to describe their new business plan. May not work, getting 90,00 plus new acres under a 50/50 JV ,with who we don't yet know but will find out very soon. However, given the mngmnt resumes and the future possibilities the deal brings in, I think it does work at these low prices, lw mkt cap. The future is what the market is usually pricing in, I see no reason why VER must fall backwards here. If they wanted to do a shi*ty .05 financing we would have had it already, I think VER goes to .20 or more not to your .10 , a declaration which sounds more sour toned than logically argued, which is why I put my money up and am prepared to eat the loss if I am wrong.

To: Cheeky Kid who wrote (61447)	11/30/2010 6:10:15 PM
From: Rocket Red	3 Recommendations Read Replies (1) \| Respond to of 233938

Well VER never went under 10 cents so you owe us a beer

To: Cheeky Kid who wrote (61447)	11/30/2010 6:11:52 PM
From: Rocket Red	Respond to of 233938

Ver read the NR again 50/50 deal The joint venture partner continues to assemble additional landholdings for the joint venture which are deemed prospective for the Exshaw/Bakken formation. Joint venture and joint operating agreements are being completed, and the company is preparing an aggressive work program expected to commence in early 2011.

To: Cheeky Kid who wrote (61447)	11/30/2010 6:26:34 PM
From: Rocket Red	1 Recommendation Read Replies (1) \| Respond to of 233938

Ver PP we should see .20 to .30//read a little more "The Company continues to suffer from a negative working capital balance that arose in 2008/2009 when an aggressive shallow gas drilling program was immediately followed by a significant drop in natural gas prices. Cost saving measures were introduced and properties rationalized to reduce the deficit however the continuing gas price weakness has not allowed the Company to eliminate the deficit. The new joint venture project that the Company has agreed to enter into provides encouragement that this situation will be resolved. As described previously, a Letter of Intent has been signed and joint venture operating agreements are now being drafted. The joint venture partner has an excellent technical and operating team that will handle operations and Vecta is well qualified to manage and administer the project. Discussions are underway for the financing of the project and the Company has received encouragement that a financing can be accomplished given the attractiveness of the acreage holdings. "