You guys are living in a dream land if you think 0.5mmcf/day will finance the exploration of this new "system". What proof is there anywyas that this new system exists? are we just meant to take their word for it? To me it just sounds like a way to keep investors interested and not to squash all hope. To me it sounds like ramping.
Anyways, so 0.5mmcf/day, it is NOT COMMERCIAL no matter how much spin they put on it. Do you seriously think it will costs $400k to bring this online? and Look at AOK they have a few wells producing that rate and last year they cracked a big loss becuase all the money was blown on admin costs and well development to keep them flowing. Any more wells will need a capital raising no if's and or buts.
VIL is overpriced atm and all the charting in the world aint going to save it, fundamentals will override this surely.
VIL Price at posting:
3.9¢ Sentiment: Sell Disclosure: Not Held
