VIL 0.00% 1.6¢ verus investments limited

bongo and fp, page-43

  1. 10,846 Posts.
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    The precise interests of VIL in this Bongo well are:
    12.5% participating interest - they had to pay this percentage of the drilling costs.
    9.375% working interest(W.I) - they have to pay this percentage of the completion costs of the well.
    6.94% net revenue interest(N.R.I.) - after royalties payable from gas/condensate production.

    We'll have to wait(ages)before we get a possible net reserves figure - Caza were originally hoping for 25bcfe gross pre-drill from this well but as the lower targets were not achieved that means considerably less has been found.
 
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