I strongly believe that our management, as yet, have not made their minds up about the percentage farm-out (if any) of Fausse Point to protect shareholders value.
Most probably, the above decision has not been taken, due to the discovery of a second shallow target which apparently does look very interesting with some potential of finding oil, which may be worth millions of dollars to us.
I think that the drilling of this shallow target will be examined to ensure the minimum cost to VIL, and then I hope that the most economical decision is made.
Will continue to hold, and will purchase more VIL shares, as I believe their is a lot of value at current prices.
This is only my opinion.
- Forums
- ASX - By Stock
- VIL
- fausse point shallow target
fausse point shallow target
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add VIL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online