Well, so the news is finally out.... You all probably can guess where the share price will be heading right.. and more capital raising is surely on the agenda.
What wrong with the original numbers at 1.8mcfeet & 56boe of liquid stuff?... 0.5mcf is hardly a commercial success isn't it ? Why even bother I wonder? Why not move on to test the upper pay ? Have anyone tried to calculate the revenue based on the revised 80% reduced flow ?
I guess it just like the localised pocket reservoir, something like a full balloon. The initial flow rate was good but gradually deflate with further testing would tell you something is not quite hopeful. A chance for a massive company maker discovery is looking very unlikely. I bet you some of the experts here will jump into my throat and shut me up for saying so again!!!!!.
Well, as for you guys the newbies. Trading 101 lesson, all the experts will be out of the game 1st before you even understand what the announcement really mean. I guess you can only be a wiser investor and learn your lesson well after a big lost..... You will have to start from some where.... good luck.
VIL Price at posting:
4.4¢ Sentiment: None Disclosure: Not Held