VIL 0.00% 1.6¢ verus investments limited

we are still in for commercial

  1. 59 Posts.
    What does this mean?

    testing the
    interval at various flow rates and pressures continues in determining the commercial significance of the interval.

    doesnt that mean we are commercial! yes to me

    Initial flow rates up to 1.8 million cubic feet of gas per day and 56 barrels of condensate per day at a 6/64 coke have been recorded.

    we have what we wanted, Maybe not what the market wanted, Maybe not massive,
    but we are still testing,
    heaps more to go in this hole!!!! (to tap into a slow bleeder, when a better interval would available, would be crazy thats why it takes time)

    This testing process is expected to take a few more days in order to fully test this interval. ....OK so far?!

    SO to sum up, they are still expecting to go Comm- on this interval,
    IF NOT they have 6 more shots,in this hole!, they know they have it,
    just finding the best place to close down testing and start pumping,,
    getting the best interval is the name of the game,,
    just takes time,
    NOTHING has changed, just the market,

    and (after this goes Commercial) we have another hole to drill
    NEXT week back to 7c+ IMO
 
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