fausse point additional value, page-3

The only news that is going to significantly move the SP on VIL is flow rates.

Everyone in this room knows that. I know its a dampener but its the cold honest truth fellas.

FP2 spud, SD spud, LP spud, B3 spud, Bowtie spud. None of these will move our SP and keep it there for more than 2-3 weeks. Its not like 2 years ago where the anticipation of a well alone could move the SP. In todays markets people will only buy in after a well is gushing.

So we eagerly await B2 results which i hope are excellent before we see any movement in SP.

I along with everyone else would also like to see SD announce they have started drilling and some kind of answer on FP2. Not because i believe this will move the SP but because the faster they drill the faster we will be getting flow rates from these wells.

Although with our history of not being ontime with any projects i think the GGP estimation of an FP2 drill Q4 will be late Q4 at earliest.

Have held for 2 years... Have a feeling i'll be holding for 1 more at least to see decent ROI. Things move very slowly in this camp.

I am still very confident however that my av. SP of 2.5c will be hit again before then. We would have to be just TOO unlucky not to hit decent pay on any of these 5 wells.