VIL 0.00% 1.6¢ verus investments limited

Hi Nathan...I really like your posts, very sensible.I do however...

  1. 212 Posts.

    Hi Nathan...I really like your posts, very sensible.

    I do however believe it is almost a certainty that there will be more resource after the 8450 ft that was our last update.

    "The well has recorded its third significant gas interval starting at 8,175 ft and continuing through 8,400 ft.
    This appears to be our largest gas interval and is believed to be our primary objective."

    The key word is 'continuing' and just because they stopped drilling at 8450 doesn't mean that's where the resource ended. I still like the possibility of oil too, 'cause as we have previously mentioned the industry chances of stiking oil after 3d seismic are more than 50% pre drill and thus after finding oil, albeit unknown amounts, the chances of oil are also now much better than 50 %.

    Gl to all.

 
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