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Post# of 17737
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avandalay05

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avandalay05

Re: kozuh post# 8410

Sunday, 03/13/2011 6:49:47 PM

Sunday, March 13, 2011 6:49:47 PM

Post# of 17737
VER.V/VCTEF.PK JV Annnouncement

http://www.vectaenergy.ca/presentations/vecta_corporate_presentation_march_2011.pdf

Would appreciate the board's viewpoint on the attached Vecta Energy presentation following their announcement of a JV with privately held Vecta Oil & Gas in the US. Vecta O&G brings 112K acres of Exshaw/Bakken land and technical expertise. VER will raise $32M and contribute $27M to the JV...

A lot of dilution but huge potential on the land, a CO2 component and with technical expertise/money and land could draw interest from deeper pockets...etc.... $.22CAD as of Friday. T. Coffman owns Vecta O&G and they own 40% of Vecta Energy...so he seems to be capitalizing on his success with VOG and monetizing it with VER in a much bigger way. Holding for long term success in exploration and eventual production.

Thanks,
Art

****My uninformed opinion only...do your own due diligence****

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