VIL 0.00% 1.6¢ verus investments limited

poor announcement from ggp, page-23

  1. 78 Posts.
    Doors, Aside from any corporate games which may be in progress the BP catastrophe should have no effect on anything related to a small, onshore gas well such as FP. This is a complete red herring. The well has already been completed (borehole set up to produce) and all that's required is the production facilty (procured "off the shelf for a little well), a short road and a short pipeline. They could have done the road last actually, leaving boards in place while finishing other work. Pipe is much easier to install these days with horizontal boring and flexible pipe. I've seen a 3000' section installed in less than a week, no welding required so a lot cheaper than conventional steel pipe. Only requires planning.
    If internal expectations were truly for "massive" production then a 3 month delay would never be accepted. Got to wonder who's being played here??? Given the premium paid by VIL to participate in this venture they've got to be wondering about their "partner".
    GGP mentions for the first time that they've "acquired seismic data". After all this time they've just bought the data?
 
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