Being realistic I would be happy for a 1c to 1.5c (triple current share price is bloody good) shareprice on the back of the flow results of this one well. I don't think its going to rocket to the moon just on one well - thats kinda my point. (would love to be wrong though)
Where I do see significantly more upside is if this well flows above 1,000 bopd then the whole chorbane permit comes into play and VIL have 10% rights to future drills (I think) so the upside potential is very high.
They would also potentially get access to cashflow quickly is tie in facilties are close to the well which means they can then get on with FP and/or another well in the chorbane (or even hit debt markets if they have secure cashflow), so its a game changer for VIL.
Just playing around with short term upside on one well vs long term potential.
VIL Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held
