VIL 0.00% 1.6¢ verus investments limited

dummies guide to vil, page-47

  1. J8
    14,554 Posts.
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    Great read Johnny thanks ,

    We are 100pc ready for oil .

    The first gas show at the start of the surrounding area's producing formation .
    Followed by an oil show of good quality .
    No news on how much but it isn't the primary target anyway .
    Further drilling to just above the main target and we have a continuous gas show .
    Main target only 150ft away and already shows gas/oil and gas/? .
    No water issues and , as gas is normally found above oil not water , the reservoir that has been seismically shown to be 150ft away should be full of oil not water !
    OK a production tubing is in and tested allowing for the hole to be safely continued .
    On time and on budget .
    No problems .

    We are 100pc ready for oil.
 
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