vil's future, page-4

One thing we do know they cant go much lower, so may as well throw them in the bottom drawer and hope for a miracle with FP.

Of course they will need to raise a little cash which would be very difficult after todays shocker.

So it looks like a farm out might be there only option left, which of course they said they were working on this more than 12 months ago.
At least we dont have any other distractions now that SD is dead and buried.

And yes has many here have mentioned, what happened to the good quality live oil that was visible in the core samples.
And the words OIL DISCOVERY constantly stated.

I know this was only a punt but a punt nonetheless based on these statements.
I think we need some kind of explanation, Id allready pencilled in that the oil numbers might come in at the low end, but i hadnt factored in no hydrocarbons atall.

Time to move on i just closed the drawer.

LWR