The excess in cost of the well is due to the unexpected well casings for the new found oil/gas . This is not a bad thing as all this new unexpected gas is only good for the value of the company. IMO with the high gas flows this was the only option and firms the integrity of the well.
For me i feel there is little risk. The drillers are doing everything needed to drill the well and management obvisouly thinks the wells a company maker - they wouldn't want to spend extra money on a well if there was no benefit
Looking forward to lnowing how much oil/gas there is and flow rates!!!
Luck to all
VIL Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held