VIL 0.00% 1.6¢ verus investments limited

when will vil hit 20c?, page-22

  1. 14,880 Posts.
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    FP#2 (if targetting upper interval oil encounterd in FP#1) will take about 15-17 days to drill. We'll know within a week after that if they have commercial oil.
    Even if it takes two months from now for FP#2 to spud, that would still give a result sometime in May.
    I'm confident that the share price will be rising if FP#1 is commercial and in production whilst FP#2 is drilling. The market will be wanting to get set, in my opinion, for the FP#2 oil result.
    Time is not my concern with VILO. Whether FP#2 is succesful in finding commercial oil is largely irrelevant for VILO. Smart investors should look to take VILO profits whilst FP#2 is drilling ahead. If you buy at 1c, you can sell 50% at 3c, still have exposure on the upside upon a great FP#2 result, have all your VILO capital back safely plus additional profit in the back pocket.
 
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