VIL 0.00% 1.6¢ verus investments limited

"The current proposed extensive testing program will start with...

  1. 223 Posts.
    "The current proposed extensive testing program will start with the lowest interval and then sequentially test each interval on the way up the hole. If the first interval proves commercial, testing will in most likely hood cease and preparations will begin to bring the well onto commercial production. Other zones may then be evaluated as part of a future appraisal program which will include drilling other wells." - this is from the announcement on 18/1/10.

    Sounds like they have decided to get cash as soon as possible and work from there. Also means that they will not be testing the upper 2 sections, which could prove to be a real gem/dud. Further wells will shed some light on this. Anyone know when the next well will be spud?
 
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