dummies guide to vil, page-19

Summary

CR dilution to stock at .026 cents - Recovered

Insto/corp sell down to .017 - Recovered

Spud - Done

Hydros - Found

Oil traces - Found

Have to stop drilling cause there is 2 much fn gas in the hole - Noted , and very exciting

Commercial casing to control flow and protect well for going into production - Done

Whats left -

Drill to the target ( We havent got there yet and stuffs already bubbling) - Due in a week

Test Hydros for commercial quality - Due in a week


Whats to argue about ??

I have quite a few small cappers in my kitchen draw at various stages of development.

Unlike others-

Vilans dont need to wait for farm in partners, seismic tests , environmental approvals etc

We are one week out of an all or nothing play

We've either got commercial quantities of oil/gas, or the one of the drill rig boys farted down the drill bit and threw out the test monitor

Either way there is no delays from this point , if the hole is a duster, we have a major problem.
If its commercial grade there will be some nice coin

I topped up today based on the fact that we have hydrocarbons, and they have had to upspec the casing to preserve integrety of the well for production. Seems to me there is a fair bit of confidence in the camp.


Your choice on this one Red or Black

I personally like the black stuff especially running to $80 a barrell