Tweets, my comments were made from oil and gas specialists, but doesn't preclude VIL from being tradable - just suggests their chances of success are extremely slim with the well. Not posting it on the VIL thread as I don't need a public flogging today!
Comment worth taking in for traders: (from elsewhere)
Yeah VIL is dead sometimes you just got to know when to give in. Flowing at 1.3mmcf will only bring them aruond $1.2m share and thats gross revenue. After development costs of future wells etc i dont see how it can be profitable as the wells costs in excess of $2m just to drill. They have no cash so a capital raising is coming regardless of what happens. Options are DEAD! heads will never be over 10c (market cap of over $60m), not by june anyways. If they want to concentrate on many cheap wells like AOK or RFE, like you said pilots their land holdings are too small so they are up the creek. There is money to be made by trading though, which is all im doing with it.
In comparison you have AZZ which is flowing 15.4mmcf on shore with a big resource.
