There's really only 3 announcements than can impress the market:
a) Production improvement - thats at least 2 months away
b) New well - they say they are going to wait until they produce from FP1 first as I understand the announcement....so 2 months way
c) Resource upgrade - this would really help but will take time to determine. I'm also cautious re: a) the size of the deep reserve is unknown. b) the ability produce is unknown (previous estimates had historical wells as guidance) c) the size of the original targets needs clarification given the altered geology ... in particular has the shallow oil target been squashed.
VIL Price at posting:
4.2¢ Sentiment: ST Sell Disclosure: Held