However I suspect that in the case of 40.2c valuation, it is for all wells. ie the 10mil oil and 40bil gas is the total reserves.
Yes nathan this is how i read it meaning all wells.
The flow rate issue i guess will extend the life of the project and obviously slow the share price as the spoils *if commercial* will be realised slower over time as im sure you realise.
I guess im just hoping the chairmans exuberance recently and the subsequent land purchase may mean we are looking toward the upper estimates for this project.
VIL Price at posting:
3.7¢ Sentiment: Hold Disclosure: Held