tip of iceberg discovery, page-8

I think the JV is running the production rate for FP#1, say for a few months to see if it the 0.5 million cubic feet/day flow rate is sustainable, and testing their theory of the new find also. If not, they may just shut down the production, and move on to test those upper formations from this well.

I guess the JV don't have much choice in this matter. They either abandon the lower layer and test the upper formations for better flow rate, and running the risk of a sharp drop in share prices. Taking the current course of action may maintain the SP, buying more time to test the lower formation so saving drilling cost on the next well, but running the risk of losing market interest.

FP#2 may have to drill soon to maintain the current interest in VIL.