Lets just say it will be a longer wait than initially expected. The other two zones are still to be tested and with each announcement that passes I think it will be more likely than not that they will be called upon.
The question management are facing is to settle with a moderate performing well in the first zone (could be commercial), or seal it off and test the second zone which may bear more fruit.
I'd rather management seal the first zone and test the second zone rather than take a small pay-off in zone 1 and have to wait a few months to flow test zone 2 and 3.
Lets see what happens. But I think the latter will occur.
VIL Price at posting:
4.5¢ Sentiment: LT Buy Disclosure: Held
