Nervous holders read, " 56 barrels of condensate per day at 6/64 coke have been recorded. And panicked. Then it says, The DRAWDOWN and BUILDUP process of testing THE INTERVAL at VARIOUS FLOW RATES and PRESSURES CONTINUES in determining the COMMERCIAL SIGNIFICANCE of THE INTERVAL. This testing process is expected to take A FEW MORE DAYS in order to FULLY test THE INTERVAL. So far, the INITIAL R RESULTS "HAVE NOT" provided a DEFINITIVE RESULT.
And the astute investor thinks:
56 barrels - is good for the choke size.
various flow rates - hmmmm so they're going to increase the choke size.
pressure continues - good
Take a few more days and definitive result - goes really well together, mgt is just being careful.
not to mention the report mentioning GOOD initial flow rate.
IMO
VIL Price at posting:
4.7¢ Sentiment: Hold Disclosure: Held