Hi Stockrocks, a minor point in a great post but just wanted to comment on something you said...
"This reduces the risk of the well considerably as these procedures can significantly hamper the flow rate e.g. if water enters the well.. game over!"
My understanding is that water penetration does not necessarily mean game over at all. I have been told that it is just a case of using different casing size and some completion equipment at surface to separate the water. It is not uncommon for these wells to contain water. Provided the mix isn't too high. Let's just hope they've used the appropriate casing! Unlike a past favourite of mine TSV they didnt use the right casing and subsequently rendered the well worthless!! (apparently there is no material difference in cost...grrrr! )
BTW - Loving where this stock is heading guys/girls and I can't wait until next weeks update!
I'm getting Big Kev excited!!!
:)
VIL Price at posting:
5.1¢ Sentiment: None Disclosure: Held
