Listen to Congress, Listen to Congress, Listen to Congress!
Don't any pennystock investors pay attention to what is happening in the world any more? Congress refuses open ANWR and countless offshore areas to more drilling, leaving the country with very little manueverability to explore for new oil and natural gas. I've read the engineer's assessment of the fields and lease-holds that VLRN is affiliated with via working interests and they produce! They produce, albeit on a limited scale.
Consider the history of this company with the under water wood recovery and the frenzy of activity that went on in the late 90's and 00's. This company has finally turned a corner and is on to something here with redeveloping existing leases. These areas are already approved for drilling, pumping and production.
I wouldn't doubt some Canadian deals being in the works as well. Canada is very progressive in becoming energy independent believe it or not. The "Tar Sands" project is just one example and there are numerous others. Whether or not you believe in global warming (I don't), gas and oil are here to stay for, at a very minimun, 20 years. If VLRN can convince not only it's private investors, but institutional investors that there plan can work, with a little cash, we've got a winner here!
I believe that we are all on to something here!
