VIL 0.00% 1.6¢ verus investments limited

If you look at the announcement 04.03.2010, they need the second...

  1. 704 Posts.
    If you look at the announcement 04.03.2010, they need the second well to evaluate the potential of the lower find.

    The JV has access to more than 350 acres in the region, all in the vicinity of the interpreted
    southern edge of the salt dome. This an important time for us as it allows the technical team time
    to re-interpret the seismic and geological data with confidence using actual well data in order
    understand FP#1, the regional play and to optimise the potential location of FP #2.
    Once we really understand what we have here, drilling an appraisal well is the next objective for
    us, as a second successful well will enable calculation of reservoir data and forecast production
    flows, Mr McIlwain said.

    As per BRR they will then open up more than 10 feet of the 300 feet lower formation when the pipline in connected for further evaluation.
 
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