What have we really got here
1. Logging results
2. Analysis of hydrocarbons
3. Additional drilling depth over the weekend
We know the analysis of hydrocarbon data is well underway
One would think logging test were commenced
Additional drilling over the weekend would have taken them well into TD
My thoughts
First the negative ones -
1. If it was a complete duster they would have announced - One would think going into a trading halt to discuss how to break bad news would be against the ASX disclosure rules
2. Continued problems with gas in the mud may need additional external support to case and continue drilling
Positive thoughts
1. Additional gas columns may have been found making this thing far more commercial than expected. Again external consultants may be need to protect to structure of the well for production
2. TD has been reached and no further shows discovered - Wire logs being compiled to give reserve assessment
3. As Johnno 8 said - The have hit a touch of oil and want to keep going - Discussing whether to log and quantifiy reserves, or announce further delay whil that amend TD and do further testing
Intersting times ahead
Persobnal request - Can we try and enjoy the next couple of days. Lets not end up with a feral personal attck thread that does not assist anyone
Remember this is an all or nothing stock which is nearing a major milestone - 1 a viable business or not
Good luck and stay calm
- Forums
- ASX - By Stock
- VIL
- discussions???
discussions???, page-21
-
- There are more pages in this discussion • 43 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)