"Your comment that an intial flow means nothing is bollocks."
read my last post below here/.
right on the money...your bowled.
"What people must realise is...
over 90% of sand formations are dusters.
Some of them have good initial gas shows, means nothing at all......and 56bpd is not pretty no matter how you say it or how much you perferate.
In many many instances, biggr choke, much less pressure, much lower flow rates.
When companies come out with inital flow rates based on very little info... be wary.....based on past experience with small cap gas/oil plays.
And when u hear " I spoke to the director" statements be even moe concerned.....espcially when one states the hole could pay for iteself in 3 months......just bollocks.
And funny enough im not trying to downramp...always keep it as factual as possible....good or bad.
Could be good in the end....
but I can hear that " Cap raising " and/ or the " Need more testing" anns just singing to me in the ear....im trying to fight it but it wont go away.
Hope this is different.
Disclosure..Holding options for quick trade"
They came out with the "more testing" line.
knew it would be one or the other.
not good.
VIL Price at posting:
4.5¢ Sentiment: Sell Disclosure: Held
