Tommo_Aus
Did I say BUY? Sorry... SELL!!
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I wonder if we'll see a last minute rush of traders wanting in before the weekend. It seems traders are willing to meet the sellers prices this afternoon.
VIL - Verus Investments
- Thread starter asx256
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Theres no well action yet and it was announced for mon or tuesday night our time ...
Good old VIL sitting there today whty the rest og the marketr plummets 90 points... now the doubters are doubting themselves a bit..... AUT looks set to go monday or tuesday...its confirmed flowing to sales by next week..... so looks like a huge week for me next week... just got to make it through the weekend without a GFC part 2...
Roughly 3 more sleeps and there should be a completion rig on site for testing....
Then all the doubters will be proven wrong......irrespective of commercail prospects....we will have an idea of the pressures and flow rates if its just gas....
If it is just gas expect a 3 day flare off....
If its oil expect a very early announcment that oils flowing to the surface and is being tested for a day or so to establish flow rates....
Dont forget any good news will undoubtedly be greeted with a trading halt.... so make sure you have your position or strategies sorted prior to any halt....
Good luck folks and dont forget....even if its negative they have confirmed the presence of the primary target and its likely just a matter of punching a few more holes till they come up trumps.....
PS accidents can happen down the well even at this alte stage....so dont over position yourself....
Then all the doubters will be proven wrong......irrespective of commercail prospects....we will have an idea of the pressures and flow rates if its just gas....
If it is just gas expect a 3 day flare off....
If its oil expect a very early announcment that oils flowing to the surface and is being tested for a day or so to establish flow rates....
Dont forget any good news will undoubtedly be greeted with a trading halt.... so make sure you have your position or strategies sorted prior to any halt....
Good luck folks and dont forget....even if its negative they have confirmed the presence of the primary target and its likely just a matter of punching a few more holes till they come up trumps.....
PS accidents can happen down the well even at this alte stage....so dont over position yourself....
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G'day Condog,
Yeah it is going to be a massive week isn't it! I can't wait!! With a bit of luck we'll find out if there's a decent enough flow by the end of the week, and at worst we should have heard by the following Monday.
Even though the oppies have looked dead in the water since I bought them at 0.9c I know that nothing has changed, only the fact that a few people have exited prior to the big announcement for some reason or another. And due to the massive risk attached to them at present there's not exactly a lot of buyers out there so they've been driven down to 0.7c now. I wouldn't be surprised if a few other nervous people sold out this week and even drove them down lower. In hindsight I should've waited a bit longer to buy them but I thought that they would actually go up in anticipation of a good result, but in fact the opposite has occurred.
It is obviously going to take a nice announcement to get them going but I'm thinking if it is good there's all likelyhood they'll be in the money in a flash.
Anyway mate thanks for all your analysis, I loved that post the other day of the chairman and the landowner discussing the acquisition of the extra land. classic!! Keep up the great work.
Yeah it is going to be a massive week isn't it! I can't wait!! With a bit of luck we'll find out if there's a decent enough flow by the end of the week, and at worst we should have heard by the following Monday.
Even though the oppies have looked dead in the water since I bought them at 0.9c I know that nothing has changed, only the fact that a few people have exited prior to the big announcement for some reason or another. And due to the massive risk attached to them at present there's not exactly a lot of buyers out there so they've been driven down to 0.7c now. I wouldn't be surprised if a few other nervous people sold out this week and even drove them down lower. In hindsight I should've waited a bit longer to buy them but I thought that they would actually go up in anticipation of a good result, but in fact the opposite has occurred.
It is obviously going to take a nice announcement to get them going but I'm thinking if it is good there's all likelyhood they'll be in the money in a flash.
Anyway mate thanks for all your analysis, I loved that post the other day of the chairman and the landowner discussing the acquisition of the extra land. classic!! Keep up the great work.
Ta....glad you liked that one....
Dont be too hard on ya self....all those short term and day traders that where in over a week ago will be back in this week banging the price back up on the same anticipation.....only this time they hvae something more to be excited about....
This time they know theres a good gas and possible oil resource there possibley for the entire tenement....buyt they just want confirmation of a time frams...ie is it this well or next....
At present most the impatient money is off the table...so they can pick of half a dozen other money making trades in the mean time...rest assured they will have it back on the radar this week...those with longer time frames will start creeping in on monday.....you watsh the buying pressure build up during the week.... It will be volatile but will tick up...till the announcment is made...
Keep your other eye on AUT....should be flowing to sales this week....ive got a lot of AUT as well so I have a very big news week....hopefully its all positive......
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This is from the site:
http://sonris-www.dnr.state.la.us/www_root/sonris_portal_1.htm
REPORT DATE - 01/18/2010
WELL STATUS - 06
MEASURED DEPTH - 8475
Can anyone please tell me what this part means??
DETAIL- DRESSED OFF TOP OF LNR @ 7118' ; GIH W/ RTTS TOOL; TEST TOL; RELEASE RTTS TOOL; POOH; INSTALLED DHT; R/R 1-14-10; WOCR;
Thanks in advance.
http://sonris-www.dnr.state.la.us/www_root/sonris_portal_1.htm
REPORT DATE - 01/18/2010
WELL STATUS - 06
MEASURED DEPTH - 8475
Can anyone please tell me what this part means??
DETAIL- DRESSED OFF TOP OF LNR @ 7118' ; GIH W/ RTTS TOOL; TEST TOL; RELEASE RTTS TOOL; POOH; INSTALLED DHT; R/R 1-14-10; WOCR;
Thanks in advance.
Hi Doyoureallycare...
Its the same content my report above....except DHT means dry hole tree, which does not indicatie anything other then the xmas treee has been removed so the completion / testing rig can be placed on the well...GIH means greas in hole, TOL means top of liner, BOL = bottom of Liner, RTTS tool is just a tool they use down the well, POOH = pulling out of hole, R/R = rig released, code 06 = WOCR = Waiting on completion rig...
Hope that helps...but just read the quote which summarizes it all.....I dont recommend sonris persoanlly IMO as its raw data and sometimes in my experience the codes can be misleading to an untrained eye....some of the paid subscriptions interpret it a lot better...but they cost a bit....eg: i know people who have sold out because they see a code change or DHT and it can often mean a completion rig is moving in to complete the well for production...so be careful with your inferences...you draw from it....
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...
Its the same content my report above....except DHT means dry hole tree, which does not indicatie anything other then the xmas treee has been removed so the completion / testing rig can be placed on the well...GIH means greas in hole, TOL means top of liner, BOL = bottom of Liner, RTTS tool is just a tool they use down the well, POOH = pulling out of hole, R/R = rig released, code 06 = WOCR = Waiting on completion rig...
Hope that helps...but just read the quote which summarizes it all.....I dont recommend sonris persoanlly IMO as its raw data and sometimes in my experience the codes can be misleading to an untrained eye....some of the paid subscriptions interpret it a lot better...but they cost a bit....eg: i know people who have sold out because they see a code change or DHT and it can often mean a completion rig is moving in to complete the well for production...so be careful with your inferences...you draw from it....
VIL holding up nicely at 13-15% up on a very bearish day....on good volumes....
Looks like the market is voting to show a bit more interest and backing again...
PRevious announcment was on 18th Jan saying 10 days till Completion Rig due for testing... that makes 27th / 28th the due date .......with 26th being public holiday here.....that leaves early birds getting in today, late traders come in on 27th....and those chasing the volumes and trades in by 28th... Im expecting should be some frantic turnover again by 28th as the traders recirculate the wave of anticipation....
Have an awesome Australia Day everyone...
Looks like the market is voting to show a bit more interest and backing again...
PRevious announcment was on 18th Jan saying 10 days till Completion Rig due for testing... that makes 27th / 28th the due date .......with 26th being public holiday here.....that leaves early birds getting in today, late traders come in on 27th....and those chasing the volumes and trades in by 28th... Im expecting should be some frantic turnover again by 28th as the traders recirculate the wave of anticipation....
Have an awesome Australia Day everyone...
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Traders hopping back in today, along with some big play investors.. very good stuff. 5c end of next week,
DYOR
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Market closed today try tomorrow.
Anyone think these guys will produce of is this another GDN ??? pump n dump.
Anyone think these guys will produce of is this another GDN ??? pump n dump.
What do you base that on ???
For the Fausse Point Salt dome finds already....Average tennements with 2.1MmBOe, and average tenements less then 1/5th the size of this one....
They have drilled and found over 300ft of potential pay plus other zones, they have announced they have "hit their primary target" and they are now testing......
They have announced its the"best possible result investors could have wished for" even if this well is non commercial, they have a very high class lease and will knock down subsequent wells....
Even GGP who are notoriuosly conservative in their announcments say
"The well has encountered three separate gas and oil formations starting at 7,000 ft. There have been numerous zones of interest encountered across these formations."
"The current proposed extensive testing program will start with the lowest interval and then sequentially test each interval on the way up the hole. If the first interval proves commercial, testing will in most likely hood cease and preparations will begin to bring the well onto commercial production"
"Additional surrounding acreage has been acquired to secure the estimated structure size."
Somehow even the cycnic in me finds it extremely difficult to imagine two seperate bunches of directors simultaiously trying to drill investors....esp[ecially given GGP success on other projects...
Yes remember when GDN had a OIL COLUMN, HUNDREDS OF FEET OF GAS, now that was in the first well
, then the second well was bigger still, now we have number three ready to spud as soon as the get some money together. Now with all that oil and gas they have not sold one drop.Very hard to find a Australian in the Oil/Gas in the USA that has done real well.
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They seem to be on track to go into production but not the first time that has been hyped up either, it isn't a huge task, 1.6 miles of pipe and hook it in, if they are not producing by the middle of the year or into the 3rd quarter you will have your answer I think Pops.
Yes remember when GDN had a OIL COLUMN, HUNDREDS OF FEET OF GAS, now that was in the first well
Very hard to find a Australian in the Oil/Gas in the USA that has done real well.
You are both completely entitled to this extreme view....however it would serve investors in here better if you had some credible evidence to imply such unjustified accusations are true of VIL, simply because some other company scammed investors once........
This is extremely different , they are in a known producing zone, they have made a find, they have removed the drilling rig and are waiting on the completion rig.....they have published all information required to both the ASX and Louisiana DNR.......drilling logs indicate exactly as they have announced........
If we accused every oil/gas company that was WOCR of being the next GDN there would be no junior explorers as investors funds would disipate.....
I suggest you both exercise some patience before casting such wild accusations... If this had dragged on 3 months your accusations might carry some weight, but with less then 10 days since R/R and still within announcement objectives these accusations are entirely unfounded.....and carry no reason for credibility
VIL up 12% this morning, now comfortably holding 4.9%...
Traders and speculators are back in big time as antiicpated and predicted....
53M shares turned over this morning, which is approaching last weeks volumes...
Rig should be on site tommorrow...hopefully an announcment on open tommorrow about testing commencing.... first 24-96 hours are critical, as any big oil in the bottom of the primary target would lead to a very quick announcment..... commercial gas sales would most likely come from the primary target....which is lowest and first tested....
Enjoy the ride omegos
Traders and speculators are back in big time as antiicpated and predicted....
53M shares turned over this morning, which is approaching last weeks volumes...
Rig should be on site tommorrow...hopefully an announcment on open tommorrow about testing commencing.... first 24-96 hours are critical, as any big oil in the bottom of the primary target would lead to a very quick announcment..... commercial gas sales would most likely come from the primary target....which is lowest and first tested....
Enjoy the ride omegos
Arrr pilots that cynicism and pesimism will put you in an early grave......give it up mate and have some patience.... the markets voting against you with a close of .049 , over 20M shares in last half hour.... thats some big players coming in to back it....
Its all been timed perfectly to indicate markets confidence in the impending announcments, which is a far bigger vote of confidence or pesimism then you or I are imposing on it.....
One more sleep we should have a CR...a few more sleeps we should know....worst case scenario requires a pilot hole elsewhere to determine size.... but chokes should do that....
Lets just wait and see... Up 38,000 today on it so im not complaining....
Tommo_Aus
Did I say BUY? Sorry... SELL!!
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Strong day with high volumes, not to mention going against the flow, a true blue chip stock. Looking at other oilers is it possible for the start of VIL's run to be timed any better? BCC has a delayed well and SGY have suspended their well, the obvious option seems to be VIL so IMO its highly likely this money may flow our way.
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