TTC, Correct. Still the riskiest play for sure. I'm banking on FP#1 being commercial and then FP#2 spudding by April, targetting the upper zone where they encountered oil and by May, we will have two commercial wells with FP#2 being predominantly oil. That will justify this whole Fausse Point play, underpin the EV of 33c I wrote about the other day and I'm banking on the market valuing it at 0.5*EV or circa 16c. A long shot? Probably.... but achievable in my opinion. That would value VILO at 6c so the risk/reward equation is attractive at the current price of 1c. At 1c I can lose 100% or make up to 500% profit.
VIL Price at posting:
4.8¢ Sentiment: ST Buy Disclosure: Held
