Hey there Arkie - valid point. I guess to clarify; I had meant if copious amounts of water enter the well e.g. if you hit a acquifer and like you said.. you don't have the right casing,then yes you are knee deep in ... water.
TSV is an interesting play. They have a small piece of a potentially big pie. I'm sure it will breathe life again soon. Bad luck on the sunken well- from memory it just kept flowing frac fluids.. until they realised more frac fluid came out than they had put in lol
Anyhow that was yesterdays news... Feb 2010 is all about VIL. The sentiment is rightfully strong for VIL. It is a perfect storm.. everything is set for an amazing run.
Excited and confident. The salt dome where FP #1 is drilled is on a known producing dome. Plenty of oil and gas has come from the same anomoly... the greatest risk was a dry hole. It is clear that this is not a dry hole. Strong gas shows and oil shows are present. Judging from the company announcements, sentiment is high and the coy has taken immediate action to secure more acerage. You cant ask for any more clues than that. Based on historical wells around the same salt dome... if she aint dry.. she's a full-of-gas/oil.
For once probability is on our side. IMO
VIL Price at posting:
5.1¢ Sentiment: LT Buy Disclosure: Held
