Goo dpost Chirs. I agree, there's probably not going to be alot to drive VIL in the near future. The drill has been released. In the announcement they stated that they wanted to understand the form of the potential large discovery at the bottom-most zone. Part of this understanding requires more flow testing, which in turn requires production setup.
I thought this comment in the announcement was significant:
More acreage has been leased to comprehend the significant of the discovery.
Put two and two together. Paid for production setup, bought more acreage, it all points to alot of confidence in what they have drilled. I wouldn't under-estimate the potential here, its just going to take TIME. Time, that the options VILO don't have unfortunately.
VIL Price at posting:
3.8¢ Sentiment: None Disclosure: Held
