VIL 0.00% 1.6¢ verus investments limited

Morebull,That was a NoBull post. I agree with your...

  1. 811 Posts.
    Morebull,

    That was a NoBull post. I agree with your comments.

    51mmbls is mean and doesn't include recovery rates etc, flow rates, decline rates over time etc. So this well in and of itself is not the money making machine that could take the SP skywides, however what it does is rerate the whole Chorbane permit which we have 10% rights to... thats what excites me (& hopefully the SP as well). It won't be overnight (thats an under statement when it comes to the speed of this project) but it will certainly make things interesting if/when they go for the next drill.

    The next couple of weeks will be telling and I'm tipping abit of trading action will take place through the test timeframe. We may get some results by mid April, here's hoping.
 
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