here we go, page-30

If they can get some encouraging IP rates in there tests over next few weeks, theres allready whispers of fast tracking SD to quick production.
This much needed cash flow might in turn allow VIL
to fast track FP.
I wouldnt expect our 10% contribution to be that great, seeing as gas and oil facilities are allready close by.
Hopefully our $700,000 or so allready in the bank, would be enough to get us to this stage.

On the back of this possible success it might push our SP up, how much would depend on how productive SD is, if at all.
If it is, a small CR to raise a few mill at a higher SP would allow us to get FP up and running and retain our 72%.
I for one would love VIL to retain our full % of FP, otherwise our massive dilution which we suffered in aquiring this additional percentage, would have virtually been a waste of time.



Anyway early days yet lets first see what the flow rates are at SD we might have an indication even as early as end of this coming week, the plug would be probably drilled out, and they would allready well and truly be into the first phase of testing, which i think is the perforation of the casing in the allready identified 30M oil column in the Bireno formation, if its free flowing oil, and the reservoir is pressurised expect an early result.
If not they will have to work out the best way to bring the oil upto the surface, which may take a little more time, but from what i can read into it, its still all normal stuff in the test phase.

If the Bireno formation is not successfull they still have a further 2 bites of the cherry in the other 2 interesting areas of interst, but it would be disapointing because i think this 30M oil column is the area creating all the excitement.

Sorry for my ramblings most of the above is my memory of facts taken from past anns or media coverage.

The VIL part and FP stuff is IMO only.

LWR