VIL 0.00% 1.6¢ verus investments limited

question?, page-35

  1. 17,233 Posts.
    lightbulb Created with Sketch. 954
    Thanks John.

    I no longer have shares therefore whether its commercial or not is not going to do much for my banbk balance.

    "Production testing to date of this first zone of interest has resulted in inconsistent flow rates of gas and condensate and testing will continue through this week as further information is obtained and assessments are made to determine the significance of this initial zone of interest."

    I thought that statement was pretty clear as were the initial test results, 1.8 will not make this commercial and do believe they will complete here(prob now have after collecting their usual data collection) and move up to the other zones of interest, although based on this inital zone.....the inherent risk is magnified for holders due to not only a uncommercial zone, but then further spending, cap raisings, all with the risk that this has not proven to be commercial in the inital zone.

    .....and their initial testing results , which they clearly stated, were much lower than projected and inconsistant readings along with ...blah balh is not a good response..

    Lets wait and see on the anns before we use regegitated referenced research to prove a point.

    As stated previously, imo based on initial results which are results stated by the company, imo will show they need to move on to other zones.....and with this carries further risk as the SP will be hard pressed to stay above 3c and with any cap raise, if needed comes further dilution, which will happen imo even if the well has any form of commercial prospect.

    As for the science of this well, for you to make assumptions of my knowledge or that of the others who use google as their main research point is really a dangerous way to interpret this initial data.

    Thanks.





 
watchlist Created with Sketch. Add VIL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.