I think we should realise by now that the SP wont progress to where we all want it to go until we see the word commercial in black ink. 120 ft of resource is more than commercial as far as I'm concerned on its own without considering how far it stretches horizontally into the newly acquired land.
People wont like to hear it , but there has to be a CR soon "cause the balance sheet says so , but I do believe they will wait 'til shortly after they've said the big "commercial" word. That being said, If this if 120 ft commercial pay, there is huge upside here, even with a CR, as the upcoming wells will begin to be factored into the sp. This is where we need patience holders. You've done all the hard work and pushed through the risky holds so try not to be swayed by what the traders can do to the shareprice on a day to day basis.
From here, patience will be rewarded and I'm happy to be back in @ 3.9 and 4.0
VIL Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held
