we have oil!!, page-57

I wouldn't call them pessimists, but they are conservative.

Here's why.

I noticed that there have been some comparisons to VIL's announcement in August and then the eventual dissapointment that came in September when the well didn't flow.

All I have to say to that is in VIL's announcement in August, no oil was collected at the surface. This in itself is a substantial difference to GGE's circumstances where oil freely flowed. Time will tell if it flows at a commercial rate.

Also the reason behind VIL's well not being commercial was that the well bore was too close to the salt dome. As we know from D&L1, which is in close proximity to D&L2, the well freely flowed substantial hydrocarbons and thus the well blew out. So, provided we don't encoutner the incredibly bad fortune of putting the drill bit in the wrong place, then I think we won't have the same concerns as VIL. But as some have pointed out, myself included, we still have a way to go to get those first oil sales.