SD is where the major upside is IMO. They need to farm down FP as soon as they can to make it to a more managable equity stake. They have no money to fund a drill and will keeping passing the hat around to raise capital so my preference for FP is they a free carried but diluted - and give away some future benefit in percent of revenue (best of the worst cases). They need to do this sooner rather than latter to gibve us SH's some comfort that they'll stop tapping the market. The only further investments I'll support if its invilved with increasing their stake in the chorbane permit in Tunisia. Regardless of whether SD is commercial the whole permit value has increased as they have found seveal oil zones. If this well (SD) is tight and or low pressure there will be other potential wells to drill in the permit and they need to be cashed up to take advantage of these. SD is the jewel in the crown at the moment no doubt about it.
Maddoc
VIL Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held
