VIL 0.00% 1.6¢ verus investments limited

But wait, there's more!!!!!! The XST report then goes on to...

  1. 942 Posts.
    But wait, there's more!!!!!! The XST report then goes on to glowingly describe how good it will be!!!!!

    "Enhanced Chorbane Permit Prospectivity
    The discovery of oil at Sidi Dhaher has enhanced the prospectivity of the 2,428 km2 Chorbane Permit as
    shown on the Chorbane Permit map (Figure 3). Prior to the drilling of the Sidi Dhaher well, industry
    perception was that there were no oil fields west of the ‘Pre Sidi Dhaher Oilfield Limit’ line on the map
    below, but now the ‘Post Sidi Dhaher Oilfield Limit’ line brings the majority of Chorbane Prospects into
    an interpreted New Oil Fairway.
    The Sidi Dhaher discovery well is in close proximity to the oil support centre at Sfax and extensive oil
    pipelines with spare capacity and good roads connecting directly to the oil export terminal at La Skhira,
    some 60 kilometres away. These factors will all facilitate earlier development of Sidi Dhaher following
    the confirmation of commercial flow rates from the flow tests."
    "There are a number of attractive follow up prospects for drilling in the future, and it is particularly
    noteworthy that the terms of the Tunisian Production Sharing Contract are designed to fiscally
    encourage exploration in the Chorbane Permit following any oil field development."

    BUT THEN:

    "Current Sidi Dhaher Activity
    The current activity involves mobilisation of personnel and mobilising the rig and required equipment to
    the well site to enable oil flow rate testing to commence. The permit Operator has advised that the Sidi
    Dhaher oil discovery is expected to be flow tested in mid May 2012."
 
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