Just got back to London from Morocco, should have taken a quick trip through Algeria and checked on the well in Tunisia. Perhaps i could have helped push it along the road.
Oh well.
Our only immediate concern is the maintenance costs of the company. Hopefully we dont run out of kitty money and need a cap raise just to keep management paid as that really isnt a good look.
We should still have another 6-9 months or so from my estimates and hopefully FP will have put us nicely in the +ive cashflow by this time.
A timeframe on this delay would be nice.
Is an overreaction by SH however they will want to move their money into other shares for the time being which is fair enough.
Hopefully an FP spud date will be in the next Ann which should help lift the SP as we get closer and closer to that date.
VIL Price at posting:
1.1¢ Sentiment: Hold Disclosure: Held
