VIL 0.00% 1.6¢ verus investments limited

For what its worth I think ADX are playing this very smart. Its...

  1. 811 Posts.
    For what its worth I think ADX are playing this very smart.

    Its best to be careful and cautious (and therefore a bit slower) to make sure if (when) they have discovered "commercial" oil they don't have to again go back to the local authorities to request futher approvals to bring more equipment to the site to truck the oil to market.

    This country has just gone through a major upheavel and is will still be relatively unsettled. So as a foreign owned company in their land, due respect and care to ensure the appropriate authorities are as accomadating as they can be would be paramount.

    I for one would rather they do this right first time to ensure the greatest level of sucess as if this find is even a partial percentage of what they think it is they will be in this country for many more years to come drilling alot more holes.

    looking forward to the test(s) and hope we have a commercial sucess first up!!

    gla

    Maddoc
 
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