Couldnt agree more MCV1, at .5c its a good punt. The downside is if SD fails then its probably close to the end of us however if it has ANYTHING commercial its at least a 4 bagger.
Great odds at an entry price of .5c
As they say they have a 30m oil column with a probable recovery of 51mbbls. So its a good 50/50 chance or better that its commercial IMO.
On the down side many of us, like myself, will only break even at 2c.
Having averaged down from 4c almost 2 years ago.
Id love to throw more money at this monster and average down to 1c but god, if it fails... im kaput!
Also I heard someone say a while back that they found nothing in the wirelogs however?? is that correct?? Couldnt find it in any ann. Might be confusing myself with another stock.
*note: All in my own opinion. Also im completely distrustful of VIL management. They have completely failed time and time again to show any semblance of managerial quality. Please prove me wrong you jokers.
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