VIL 0.00% 1.6¢ verus investments limited

she is loaded, page-120

  1. 1,136 Posts.
    gKontro.

    "For logistic and safety reasons the well was shut in until Monday USA time when production testing will be continued to determine flow rates and the commercial significance of the discovery."

    Read the section above this segment in the ann.... THe underlying meat of their Ann IMO was that the pressure was building up as they progressed and they made notes of considerable Gas and Light Crude Oil .... Perhaps one could read from it that its a full hillbilly popper and they weren't structurally prepared within safety guidelines for such an event.
    Such the same as when they were drilling it some weeks ago.

    Safety first.... All those acres aren't going anywhere in a hurry so no need to rush these things.

    Looks like it will be an interesting week... If the hole is a complete bonanza as the announcements are suggesting it might be, does anyone know if the company will have to go into a TH or will previous announcements and recent stock activity account for material information??
 
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