sunrise88:
The information re the 44-45 API and the sidewall cores having been taken is contained in the VIL announcement of 29DEC09. With this Group you have to read the announcements from both VIL and GGP as they frequently contain different information. Typically, the VIL has more detail.
The area where theyve encountered gas is above both of the targets. Youre right that the first to be hit was to be oil, but this is above both of those. Were still on target IMO. My only doubt at this point, subject to oil/gas flows, is where theyre going to put the stated 10-12 wells. Not much acreage.
Also a bit curious that the expected time to reach TD keeps moving out. Now 8 days from 31DEC09 (US time) was 6-7 days a week ago before the gas shows and the setting of the casing.
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