VIL 0.00% 1.6¢ verus investments limited

Hi Guys, Below is a copy/paste from the GGP update released...

  1. 222 Posts.
    Hi Guys, Below is a copy/paste from the GGP update released today. It looks like FP is held up by VIL. Hopefully SD news are great and this allows for FP to get a move on.

    A new side-track to the TGR #1 well is targeting a potential 200 acre gas accumulation identified from reprocessed 3D seismic.
    •The cost of the side-track is projected to be approximately US$1 million, and contains a possible pay interval of up to 20 BCF of gas on an un-risked basis.
    •Leases over the new target have been put in place by the Company and the drill site has been readied for new operations.
    17
    TGR #1 Well – Side-Track
    Company
    Working Interest
    Golden Gate Petroleum Ltd*
    18.00%
    Verus Investments Ltd (ASX:VIL)
    72.00%
    Other Partners
    10.00%
    * Operator
    Fausse Point Partners
    •Drilling and timing of this well is the
 
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