VIL - Verus Investments

[Putty7]

Personally I am not worried over the SP and it's carry on, yes it is still a speccy with a bit of hype but it's had no bad news so it is more likely traders executing their own plans with regards to profits or accumulation, the data will be released when it or they are ready, the flow tests will confirm what they have, hopefully it will be good news for holders.

Just a matter of waiting unfortunately and in that time the SP will be played with.

 

[condog]

Personally I am not worried over the SP and it's carry on, yes it is still a speccy with a bit of hype but it's had no bad news so it is more likely traders executing their own plans with regards to profits or accumulation, the data will be released when it or they are ready, the flow tests will confirm what they have, hopefully it will be good news for holders.

Just a matter of waiting unfortunately and in that time the SP will be played with.

Yeh the choppy sp doesnt worry me as Iver kept raising holdings each correction....

Putty the news is whats significant too me too which is why Im keen for full and very prompt disclosure....

What are your or anyone elses calcs on what the finds may be worth .....
Ive got each 1MMBO at $50/BO net calc'd at 7c per share and (VIL 50%)
each 1BCFG at roughly $2M net calc'd at 1/2c per share..... (VIL 50%)
Im anticipating further drilling to calculate size of resource if a find is positive, which early indications are encouragingly pointing in this direction....

But an inital resource estimate of say 1.5MMBO may see an approx 10c sp jump (VIL 50%) plus the gas of maybe a cent to a few cents.... Thats my guestimate......its only a guestimate so DYOR Seek expert advice.....its all speculation at this stage...

With all the positive finds along the entire other side of the dome its extremely difficult to fathom that in this zone, (which is large) a decnet find indicative of the other side will not be located...
The average find on the entire other side is 2.1MMOB per zone and each zone is approz 1/3 the size of the VIL/GGP zone......using that as an assumption it could be possible to find around 6MMBO up to 12MMBO......Do not forget though that one entire zone was completely dry....this zone was approx 1/2 the size of the VIL/ GGP zone....on that basis it may only contain 3.15 MMBO.....

Yeh yeh I know this is presumptuous ect blah blah .....but its what I do to get an estimate when making a speculative move on a stock like this...... using this analysis I have VIL in my calcs as

Worst case = initial small loss to maybe 2.8c or so on bad news
My speculative most likely outcome case 3MMBO may = 20c sp increase (VIL 50%)
Best case outcome may = 12MMBO with possible $0.75 max share price (VIL 50%)
This is purely speculative calcs....they have not been cross checked and are not to be relied on for anything othern then pure entertainment value....

 

[rabbit59]

What are your or anyone elses calcs on what the finds may be worth .....
Ive got each 1MMBO at $50/BO net calc'd at 7c per share and (VIL 50%)
each 1BCFG at roughly $2M net calc'd at 1/2c per share..... (VIL 50%)
Im anticipating further drilling to calculate size of resource if a find is positive, which early indications are encouragingly pointing in this direction....

Yeh yeh I know this is presumptuous ect blah blah .....but its what I do to get an estimate when making a speculative move on a stock like this...... using this analysis I have VIL in my calcs as

I am intrigued by your quesstimates, they are roughly around what i am buying into..and am hoping for...i hope for our sake its the latter which was ur 75c p/sp estimate

Keep us posted on your email and when you hear back, id be very curious to hear what they say

Cheers again for your words....

 

[Putty7]

Topped up at .035c this morning, it may fall further if an announcement isn't made this week but figure with the hydrocarbon indications already found it should be enough safe at that price. As to where the SP could end up I could speculate and run calculations forever but the market will decide, I myself would be stoked to see .10c but I might be dreaming

 

[rabbit59]

Topped up at .035c this morning, it may fall further if an announcement isn't made this week but figure with the hydrocarbon indications already found it should be enough safe at that price. As to where the SP could end up I could speculate and run calculations forever but the market will decide, I myself would be stoked to see .10c but I might be dreaming

I also took the top up otion at .035c... i dont think you're dreaming putty7, i think there is highly likely chance that the sp may top .10c..but you are correct, the market will decide....I would hope to see an announcement tomorrow... all going well, I will hope its a good one at that....

 

[Putty7]

The Board of Golden Gate Petroleum Ltd (ASX:GGP) is pleased to advise that the TGR Land Co. Inc #1 well at the Fausse Point oil and gas project in Louisiana had reached a depth of 8,117 ft before drilling was halted temporarily due to very high levels of gas in the drilling mud.

Electric logging and side wall cores have now been performed over the current open hole section and analysis of the data is underway to determine potential pay in the intervals where gas shows were encountered. The
deepest side wall core taken had smearing of 49 gravity API oil.

The Operator, Kindee Oil & Gas Louisiana, GGP subsidiary has modified the rig’s gas handling equipment and mud degassing equipment to allow the rig to continue drilling ahead safely to the target depth (TD) and cope
with the high levels of gas. The rig is currently preparing to drill ahead. It is anticipated that drilling of the well to its target depth could take another 6-8 days.

Further market updates will be provided as drill results become available.

Interesting announcement just out, it will be interesting to see how the SP reacts but it does sound promising as far as the gas is concerned.

 

[condog]

One would be more inclined to say extremely promising in terms of gas and oil present...in unknown quantity still to be deemed commercial or not...

49 gravity is slightly outside premium gravity of 40-45, but still very encouraging given 900ft or so to go....in primasry target range....

SP s beginning to react now with huge volumes in the last 10min or so

I have almost 4 milllion shares now........scary stuff, but i truly believe this is below value already on the gas news and massively below value if the oil proves commercial...th gas alone now one would presume is viable and possibl worth 1c to severtal cents per share.....opinion only

 

[condog]

Hey Putty7 and rabbits59 id be extremely dissapointed if it only hit 10c ....sure ide make good money, but I guestimate its currenlty oversold on some choppy stupidity.....traders for the life of me I cant see why youd be stupid enough to off load 3 or 4 times for maybe 0.1 of a cent or may bee 0.3 of a cent when the potential upside within 3-8 days is possiblity to be many cents and maybe up to 40c+ per share if its a major oil and gas strike....

Hmmm defies all logic.....I could have traded about 5 times for $10,000 this morning on a 1Million parcel but its a ptence compared to the potential upside within a few days so why take the risk of missing out on the big gains......

Anyway I am enjoying a bit of volatility as it gave me the opportunity to keep raising my stkaes at cheaper prices......

Good luck Putty and rabbits and if it skyrockets I will shout you a few beers for the chat...

 

[rabbit59]

Good luck Putty and rabbits and if it skyrockets I will shout you a few beers for the chat...

haha! i look forward to it condog!I completely agree with what you are saying, ive been keeping an eye on both VIL and GGP for some time, and have high hopes and see big FACTS for both these miners... i hope its a big gain...for both our sakes

 

[GaryS]

I also hold this stock and am looking forward to good news later in the week or maybe early next week. Hoping for a little bit of weakness tomorrow so I can top up.

Actually would like to see no news until next week as the traders may knock the SP down.

Enjoying all views that have been posted.

 

[condog]

IMO todays news possibly indicates several things......its all opinion so DYOR and seek expert advice...do not act on this...

1. IMO There will likely be commercial volumes of gas and oil is now more then a 50% proability in my opinion
2. IMO current share price is well under value and represents a significant disount to the gas already indicated....when compared to other small explorers
3. IMO drilling will be slow taking 6-8 days and will likely halt for another casing to be placed... at that depth, with so many indications its likely to be viable its not worth a blow out risk when your so close to the primary target, especially when you already have casing to 7000ft....nad look likely to need it working and undamaged...
4. IMO data on the secondary target has still not been released which is very wierd, especially given they have referred several times to it being a significant find....in subsequent comments about the primary target...the only explanation I have is they feel they have done so by eluding to a significnat find....but promised eltrical data has not yet been delivered....thats a negative...albeit a small one...
5. IMO with 2 announcments eluding to significant gas in the secondary target and one eluding to significant gas in the primary target and casing placed to 7000ft plus , as well as the high gas pressure they are currentlky encounterring ......it is likely to easily be commercial for at least a sizeable gas find and that is not built into current price....this stock was above 3c when drilling commenced and had been to 4c in the past with no real news...so at 3.6c its rediculously cheap given all the positive gas indicators and oil smears......just on the gas alone it should be up at least 1/2 a cent today....by my amatuer calcs... pushing it around 0.04 to 0.045 -(opinion only)
6. IMO Irrespective of gas volumes they seem significant enough to provide cash flow for further drilling and exploration of the area...which is a huge positive for both GGP and VIL
I certainly hope there is some correction and volatility this week as we approach the critical announcment, but I doubt it. The volumes indicate huge interest in a tiny stock. In fact of all the stock I watch its been the leaqder all week and the only one actually doing anything....so with that level of interest and volumes on sucvh a tiny company its upward pressure will likely be sustained some what....

I certainly am hoping for some more buying opportunities on the southside of 0.035, that will be tough going but one can only live in hope and optimism....would like to grab another few million if the price is low enough...

Good luck to all.....

Remember all the disclaimer and opinion etc...seek expert advice and definitely dont act on this....

 

[rabbit59]

vil in trading halt, new announcement we have been waiting for??? I hope its one for the better.......

 

[Putty7]

The Board of Golden Gate Petroleum Ltd (ASX:GGP) is pleased to advise the T.G.R. Land Company, Inc #1 well at Fausse Point is presently at a depth of 8,450 ft and drilling ahead.

The well has recorded its third significant gas interval starting at 8,175 ft and continuing through 8,400 ft.

This appears to be our largest gas interval and is believed to be our primary objective.

Mudlogging has reported good quality sandstone with hydrocarbon fluorescence in many of the sampled cuttings and in the drilling mud. The sampled and tested drilling mud contained up to 2% oil. There have been occurrences of up to 5,000 unit gas shows in this interval, although most of the gas indicators are likely suppressed due to the heavy drilling mud.

The well spudded on Saturday 5 December 2009. The well is expected to take up to another 1 to 2 days to reach its targeted depth and run electric logs over the recently drilled open hole. The first gas show recorded and logged at 7,000 ft is now safely behind 7 inch casing set at 7,671 feet. The second gas show was recorded and logged at 8,010 ft.

Very good news this morning for VIL and GGP, some wireline data etc next week and then flow rates should put some positive light on the SP. The next question for me is who is holding the options and who wants to see them executed and who doesn't, this might be the difference between getting where I want it to go or the SP being held back, just my opinions, DYOR

 

[condog]

Very good news this morning for VIL and GGP, some wireline data etc next week and then flow rates should put some positive light on the SP. The next question for me is who is holding the options and who wants to see them executed and who doesn't, this might be the difference between getting where I want it to go or the SP being held back, just my opinions, DYOR

Hey Putty et al
Very very good news more gas and very significant...no statement of commerial contnet made, but read between the lines...huge pressures and a 225 ft gas intersection so far.....

Plus oil present.....will have to await but this is hugely positive....even if oils not in this hole its likely to be very nearby......the gas should more then make this hole very commercial and easily pay for significant further exploration.....

Great news that VIL has now commanded some serious market attention with massive volumes, news headlines and its now bigger then GGP, due to this find....

All in all Im absolutely stoked....the market will take some time to analyse these results and will want further news and figures, but ive made my decision which way its heading in the next few days and weeks....

 

[Putty7]

Was wondering where you were today Condog, thought you might have passed out in your chair or something on the news lol.

I think commercial gas is more than speculative now (maybe oil as well but that will all be confirmed or denied over the next few weeks), the fact that GGP announcements are being used only now and not modified (hyped up) and re-released by VIL is a good sign, I must admit that while no gas or oil volumes are present, the length of the column they drilled through was surprising and very encouraging to say the least.

Not sure where the SP will finish today, with drilling expected to finish over the weekend and maybe more results before TD, .045c is feasible I would think given maybe another announcement Monday, but thats all speculation on my behalf.

The imortant thing now is to preserve the integrity of the hole which they seem to be managing well, I will be a happy little camper when they finish and it is logged and cased, the rest is then up to the results and the market.

Holding at .027c

 

[stretchie]

Hey all

After getting out of my VIL holding a few weeks ago after the initial spike as a BESBS play, I bought back into some VILO options today with some speculative money. I like that there have been 3 gas shows already and this mornings looks more promising than the other two. A large column doesn't necessarily mean a commercial quantity, but the chance of this thing going ballistic is too great for me to pass up a punt. Held 100k of the VILO prior to today at 0.8c but topped that up to 350k @ 1c on the announcement.

Was amazed at the chatter on other forums as well, the volume and turnover today was unprecedented for this stock I think? 210 million shares?! That's nearly a third of those on issue!!

I think another announcement may be forthcoming on Monday/Tuesday and I wanted to be long this stock for any potential good news.

 

[condog]

Hey all

After getting out of my VIL holding a few weeks ago after the initial spike as a BESBS play, I bought back into some VILO options today with some speculative money. I like that there have been 3 gas shows already and this mornings looks more promising than the other two. A large column doesn't necessarily mean a commercial quantity, but the chance of this thing going ballistic is too great for me to pass up a punt. Held 100k of the VILO prior to today at 0.8c but topped that up to 350k @ 1c on the announcement.

Was amazed at the chatter on other forums as well, the volume and turnover today was unprecedented for this stock I think? 210 million shares?! That's nearly a third of those on issue!!

I think another announcement may be forthcoming on Monday/Tuesday and I wanted to be long this stock for any potential good news.

You are right to say a deep strike is not necesarily commercial...no argument, but a deep strike combined with huge known reserves in almost the eniterity of the salt dome surrounds is certainly for me in my opinion only, good reason for excityement.......

They traded 169Million which is over half of all shares on offer....although when watching it there was a lot of cyclical turnover

They announcerd 1-2 days...and they will keep drilling over the weekend for sure as its only friday when they wake up so they will drill sat and we should have a massive announcment one way or another on monday.....

theres been a lot of dots to join so far, they have deliberately been very elusive ....but joining the dots the picture looks extremely promising.....I bet they anounce they are going to case it for prodcution.....but thats only an opinion....so dont act on it....

What Im really wainting for is the size estimates and id say they will not be forthcoming for a few days.....

Judhing by this afternoons trade with everyone jumping into it for the weekend rather then out of it, im feeling confident that the general consensus is the same as mine.....

Its been a good week for me on VIL, making $8000 on trades and up $28,000 on paper just on VIL at .045 close on fri.....loving it, but i seriously think (opinion only ) that this week will seem insignificant sooner or later on this one......

Yes its risky, but honestly all decisions have consequences and risk.....the more research you do and the more knowledge you have the more you can minimise the upside risk and maximise the downside risk....

Enjoy the ride omegos.......PS Putty and rabbits your beer is looking real safe for now ay.....

 

[condog]

Was wondering where you were today Condog, thought you might have passed out in your chair or something on the news lol.

I think commercial gas is more than speculative now (maybe oil as well but that will all be confirmed or denied over the next few weeks), the fact that GGP announcements are being used only now and not modified (hyped up) and re-released by VIL is a good sign, I must admit that while no gas or oil volumes are present, the length of the column they drilled through was surprising and very encouraging to say the least.

Not sure where the SP will finish today, with drilling expected to finish over the weekend and maybe more results before TD, .045c is feasible I would think given maybe another announcement Monday, but thats all speculation on my behalf.

The imortant thing now is to preserve the integrity of the hole which they seem to be managing well, I will be a happy little camper when they finish and it is logged and cased, the rest is then up to the results and the market.

Holding at .027c

Yeh i been busy doing a bit of trading on TRF ROL and VIL plus offloading a heap of stagnant stocke to raise my stakes in some real movers........

Yeh i own so much now that either way, my heart will go into full cardiac arrest......... one way i will be singing with joy and the other i will be hitting the sell button like theres no tommorrow.....

But seriously this is an aboslute future changer for me......on this one stock alone retirement is waiving its pretty head......Im gunna look so stupid or have to wait a while if they plug and abandon the well.....but seriously i give that about a 5% or less chance now.....

Managments announcements have been severely misleading if this is not significant enough to be commercial.....

Depending on that lateral dimensions of the primary gas cavity its likely to be worth significant valkue to the company....if they can make that commercially viable...this thing will rocket....the market places a huge premium on these minor ecxplorers once they can becomeproducres, then cash flow sustainable / neutral/ then positive.... it seems to leap with each step significantly more then one would envisage.....

What im getting at here is if the market seems to think the profit in that gas is worth say 3c per share to the company the sp seems to jump 6-9 cents .....then once they reach a point of being almost or cash flow neutral they suddenly jump again....thats a bit speculative now, but by this time next week , I hope you or me will be quoting this post....and saying yeh ****, I know what you mean,....

By that stage I hope to be up $100K to $500K........any hope killers can ...........off so dont bother telling me im too excited on this one....

 

[GaryS]

I'm getting .........excited on this one also. Hold 600 000 @ low numbers.

Condog, do you still feel your calcs below are still close to the mark.

Quote

Worst case = initial small loss to maybe 2.8c or so on bad news
My speculative most likely outcome case 3MMBO may = 20c sp increase (VIL 50%)
Best case outcome may = 12MMBO with possible $0.75 max share price (VIL 50%)
This is purely speculative calcs....they have not been cross checked and are not to be relied on for anything othern then pure entertainment value....

I may not able to retire, but I will be able to pay off my house.

May buy more early next week if there is any signs of weakness

 

[sjx]

Still holding this one.. Thank god I didn't cut my losses, cause I was getting worried at those 1.8c levels.. I have to admit.. Was not going to get trounced by the institutional selling..

God I love these results. This gas show is the best yet.. if just one of these gas shows is commercially viable, we will see 6c imo.. and there are THREE gas shows.. and the very strong possibility of oil!!

I really think we will see TEN before the end of this month.. and beyond that, if all goes to plan 25 cents will come before the VILO expiry in my opinion.. (still don't have the balls to trade VILO though.. not long to exp..,) 75c is pretty wild but.. lol. i would be a multi-squil if we see 75c!

Enjoying reading some of analysis's. Not fully up to date in my oil & gas play knowledge so it helps a lot.

Don't think we will see confirmation of on Monday, but either Tuesday or more likely Wednesday.



Good luck to all.