After having another read of the VIL announcement of 25/7/11 which one part of it stated " A shallower prospect possibly oil-bearing has been identified from the re-interpreted seismic data, and is in the process of being further detailed and assessed. Once the prospect has been fully developed and reviewed by the partners, and if it appears economic, this prospect will also be drilled."
I believe that if the drilling of the above prospect can be done from the same side track, the cost savings will be enormous, and if successful, it will be a real bonus to us the shareholders, worth millions of dollars.
Hoping for a comprehensive update in the very near future.
This is my opinion, and any other comments will be appreciated.
VIL Price at posting:
0.8¢ Sentiment: Hold Disclosure: Held
