VIL verus investments limited
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worth a read, page-5

  1. bmci007
    161 Posts.
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    03/01/10
    09:20
    Post #: 6099166
    The 12% illudes to dry wells, i.e. dusters and the 49% refers to wells that find commercial quality/quantities of oil/gas...

    I guess from this you can work out that 37% (49%-12%) of wells drilled in 2006 found oil/gas but were not viable for production...

    This is the scenario we have to fear most at this stage...
    VIL Price at posting: 3.4¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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