vilo options, page-25

Hi Seda,

I watched the whole GDN saga happening from the sideline & i was praying for the oppie holders then that the dodgy directors dont make a mess of it, and they didnt fail messing around for the 2nd time!

GDNO(?) only had a month or couple of weeks to expiry though if memory serves correctly, VILO still has 6 months. In the most unlikely event that this well turns out uncommercial, they'l most likely pull off another spudding before oppies expiry to have another go to get it over the line.

Also, GDN's Paradox 2 gas show during drilling was pathetic, not as good as VIL/GGP. Hence, if no significant pay zones discovered, all hope was on the TD being a monster, which they elected not to drill, hence coll[ase of all hopes. With VIL, even TD doesnt return what we initially hoped for (thinking many ppl here hope for a significant oil show), there are still many significant intervals that have had major gas shows, so VIL can still go back to test those. This major gas zone we just hit today is particularly exciting as it covers a couple of hundred ft. So any of the 3 proves commercial, VILO will be a complete opposite story to GDNO. GL to you this time though. :)