VIL - Verus Investments

Don't forget about those 10c options, if they get triggered we may avoid a CR. But if not VIL in all probability will have to perform a CR in order to continue the operation.

mlross75 said:

I think they were smart getting the extra land to drill before announcing that the well is commercially viable.

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Very good idea....what do you reckon that tells you about the way they are thinking its likely to go....

Can you imagine the tele-conference if im wrong and todays lemmings are right, it would go something like this:

Hey bro , hey bro , whats doin, not much, how ya goin, not bad, and you, not bad, ey mate so tell me howd we go, no good mate its not commercial and not likely to be, oh well wede better buy some more acerage then and turn it into a cattle station after the investors pay our wages for a few years while we keep lookin.....

Hmm Im not sure but i dont think thats the nature of the conversation or decision making process that seems to have occured...

My guess is it went like this

Hey bro , hey bro , whats doin, not much, how ya goin, not bad, and you, not bad, ey mate so tell me howd we go, good mate, is it commercial, duhno, what, its a bit early to tell, well whats ya thoughts do we case it, well its got some damn good signs and we might stuff it if we leave it open, but bro casing costs a lot of money, so we only case it then if we think its likely to be commercial otherwise we just let it go and drill elsewhere, na its good enough to case and test.

What about do we need to lease more acres, thats your call mate, well are there enough positive signs that this well or the next in a different location is gunna pay, yeh mate ther is, well then bro , we better secure some more acres and we better do it fast before our results are known to the market....ok mate i will go do it, get us a 2 day halt, it will be cone by then and we can also put out a positive staement giving us a reason for the halt, na mate cant do that results arenot known, oh well bro is it good or not, yeh its good bro, but we dont know how good, so we tell them its good but we dont say how good, but they will want to know bro, well we tell them we are very pleased but and that we bought acres and cased it...

Do we need to make arrangements for production, duhno mate, yes or no, cant say its too early, well is there nough there that even if this one is wrong we might get it right and need it soon, ah hell yeh bro, well should we advance talks and infrastructure arrangements, it costs a lot and theres heaps to do, how much, lots, well why do it then, cause you said this might be ok and if its not the next one will be, yeh mate then lets do it

Its really not hard to see whats happeing , yet the poor stupid lemming keep lining up for 0.1c trades and offloads.....poor stupid lemmings I say......
This is why the share market often redistributes wealth, cause the lemmings dont use their brains, they get a feeling and follow the herd.....even when the herds jumping of cliffs or rockets ready and waiting for take off.

I'm looking to buy another parcel (it'd be my second purchase) but looking at current trades I may wait until later in the week. Now trading @ 3.8c so could be lower on Thursday or Friday, either way if it goes down more I can increase my holding or if it goes up I might even see some green

Holding @ 4.5c.

Tommo_Aus said:

I'm looking to buy another parcel (it'd be my second purchase) but looking at current trades I may wait until later in the week. Now trading @ 3.8c so could be lower on Thursday or Friday, either way if it goes down more I can increase my holding or if it goes up I might even see some green

Holding @ 4.5c.

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Yes an interesting week as peoples lack of patience sees them trade any potential gain or loss down the toilet....

8-9 more sleeps kiddies...

As much as i want my profit i almost want to be able to say "told you so" more...time for councilling i feel...

7-8 More sleeps kiddies......hope you have the resiliance to cope with that...

Looks like ordinary day ahead ..... ???? what strategy is best......

Ignore the tree shakers trying to undermine price or bid it up. the big volumes tell the real story...

Im putting mine in the draw for the week...but i guess some will trade down while other dollar cost average, while others sell out...

condog said:

7-8 More sleeps kiddies......hope you have the resiliance to cope with that...

Looks like ordinary day ahead ..... ???? what strategy is best......

Ignore the tree shakers trying to undermine price or bid it up. the big volumes tell the real story...

Im putting mine in the draw for the week...but i guess some will trade down while other dollar cost average, while others sell out...

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Sold out on the sly condog, and will be looking at stocking back up today...no reason not to take a profit if we have time... however, DYOR and make your OWN decisions... cheers

rabbit59 said:

Sold out on the sly condog, and will be looking at stocking back up today...no reason not to take a profit if we have time... however, DYOR and make your OWN decisions... cheers

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Nothin sly about that, good on ya .... I been wondering what happened to you, thought you might have got the Calicie virus or something...

IMO being out of it when / if a huge announcment is forthcoming caries too much opportunity cost to bother trading for 1/2 a cent or so...... because if it is a big announcment it may come on the back of a trading halt most likely and the re-open will have chopped too much of the early gain...

condog said:

Nothin sly about that, good on ya .... I been wondering what happened to you, thought you might have got the Calicie virus or something...

IMO being out of it when / if a huge announcment is forthcoming caries too much opportunity cost to bother trading for 1/2 a cent or so...... because if it is a big announcment it may come on the back of a trading halt most likely and the re-open will have chopped too much of the early gain...

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I do agree, to some extent, however this mornings open, IMO, i think will be the best time for any 'serious' VIL follower to get in and sit for the week whilst this announcement comes to the market...

Good luck mate, and all the best, ill be trading on the phone today, wont have the net all the best to all investors

Seems to be large resistance @ 3.8c, many buyers are after 3.7 but looks like there aren't any takers at this price. I might buy my parcel this afternoon or wait until Thursday, still not sure. Volume has died down considerably, could be the ones holding now are in for the long haul? Hopefully we've finally thrown out the short traders/stupid ones!

Tommo_Aus said:

Seems to be large resistance @ 3.8c, many buyers are after 3.7 but looks like there aren't any takers at this price. I might buy my parcel this afternoon or wait until Thursday, still not sure. Volume has died down considerably, could be the ones holding now are in for the long haul? Hopefully we've finally thrown out the short traders/stupid ones!

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True, i think where seeing a combination of exhaustion of the people who bought in cheap and can get out, plus the force of those with an ounce of common sense holding on...

The really stupid thing is those idiots sitting on the sell side at prices like say 0.043 and above who wont get a sail no until positive news, but a re so lowly priced that they are screwed and out with no profit when any positive news comes through........

7 more sleeps......not counting siestas of course...

Good to see rational thinking on VIL and GGP right through to the close....

GGP I though might have taken a temporary hit on thier options debarkle....but seemed to get through.... the GGP holders are significantly less flighty then GGP and have been since i began holding and watching both these.....

I had the chance to buy more @ 3.7c today but chose to wait. I'm still thinking the long weekend may influence the SP as remaining day traders leave. Either way its still a win/win for me because I'll either have the chance to grab some cheap shares or the SP will increase.

I'm probably not the only one watching all VIL forum threads closely

Condog, have just got back and read the report from the 18th, the reason the punters have got out is that report said POTENTIAL HYDROCARBONS, it did not say they have found any. They found three Oil and Gas zones, you can find Oil and Gas zones in ANY well you drill, what you need is for them zones to have Oil and Gas in them, your SP will slide now until the testing is complete. Only after they tell you what the flow test are, will you know what the well will do.

Welcome back pilots......

No testing wont have to be complete the asx announcment and the director both said , if they find its commerically viable the weells have to be producing from the bottom up, so they will immediately cease testing and go to production...So it is very feasably possible to have an announcment within the first few days...they have a permit for a 3 day flare off so id imagine they will uses all 3 days of that...


Agree on 1st sentence but not the rest...too many statements to the contrary...

include the testing of up to six intervals identified with potential hydrocarbons. Testing

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But then goes on to say: From report 18th dec

The well has encountered three separate gas and oil formations starting at 7,000 ft.

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several zones of interest with some showing good permeability, porosity and oil/condensate in the sample cores.1

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analysis to more precisely determine the mineral composition,

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Petrology is currently being done on sidewall cores and drill cuttings.

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Then from 12th Announcment

3 exciting zones of interest in #1 Well to be tested.

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TGR Land Co. Inc #1 Well at the Fausse Point oil and gas project in Louisiana has intersected the primary targeted deep gas play with very strong oil and gas indications.

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While the gas shows and oil indicators
over the three zones of interest are very encouraging,

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Work has progressed toward readyness for testing / completion Rig

They have done some work to the well, dressed the top of the liner at 7118m,tested the liner, removed the rig and made tree alterations ready for testing or completion rig....

The previous rig has been released....

The official well status is Waiting on completion rig - but that does not mean anything else...its the completion rig that will conduct the testing...

This is in my words....no inferences or implied meanings are meant here....its just a plane old update

6-7 more sleeps till testing starts....

condog said:

Work has progressed toward readyness for testing / completion Rig

They have done some work to the well, dressed the top of the liner at 7118m,tested the liner, removed the rig and made tree alterations ready for testing or completion rig....

The previous rig has been released....

The official well status is Waiting on completion rig - but that does not mean anything else...its the completion rig that will conduct the testing...

This is in my words....no inferences or implied meanings are meant here....its just a plane old update

6-7 more sleeps till testing starts....

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Waiting on the completion rig,Dressing the top of the liner, made tree alterations, what report is that from??? Thanks.

IMO
The weekend should be safe to be out????? so friday might see some buying opportunities , but my guess is by tuesday afternoon and wednesday onwards we will start seeing a lot of the short term traders coming back into the action and significant volumes and volatility again.... might be a quick profit there for some just tradering???

Over the next few days as your patience tests your conviction it pays to remember this quote from director of VIL on 12th Jan 2010....
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#1 Well at the Fausse Point oil and gas project in Louisiana has intersected the primary targeted deep gas play with very strong oil and gas indications.

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Commercial viability testing begins in 6-7 nights...a possible early strike would immediately halt testing and go to production....it will not be capped for further testing.....too risky to the well and project...any commercial find would be exhausted before testing further up.....

The first announcment will be very quick if its oil in the bottom at TD.... but if its gas it will require up to a 3 day flare off to determine viability....

That gives anticipated timeline of 6-10 days from this morning for a major announcment on this well...

No comment on commercial viability of #1, but quote above and intended 3 day flare off IMO = good prospects.....with good intentions.....

condog said:

IMO
The weekend should be safe to be out????? so friday might see some buying opportunities , .

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Back in the pool im in for the long haul... managed to get in the other day at .037

happy, waiting..wishing.. welling....

I planned on waiting until Thursday/Friday to buy another parcel, bought some more today @ 3.7c

I'll be waiting it out now

P.S. holding up well considering DOW last night.

Tommo_Aus said:

I planned on waiting until Thursday/Friday to buy another parcel, bought some more today @ 3.7c

I'll be waiting it out now

P.S. holding up well considering DOW last night.

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A lot of the time the little shares move to the beat of their own drum Tommo depending on what they have going on, they don't usually follow the market, thats more or less governed by the blue chips to a certain extent and with VIL already sneaking backwards there was nothing much to lose anyway, but with regards to Thursday or Friday you may be right, think they will have a nothing announcement Monday again with progress reports but until they include some data we appear to be playing the waiting game. I would have thought some of the data analysis would have been done by now.