Victoria Oil & Gas: Fundamentals & Valuation Summary

Wardy3

Yes 103 will be definetly top of the agenda at the AGM amongst shareholders and questions will be asked.

News, I think (if positive) may come in the form of that Gas/Oil is flowing to a degree but the Well will have to be put on further testing to establish consistent long term production rates.

Fracture stimulation is used as an alternative resort if the well does not initially flow (as in 104) fluids and small foreign objects are forced under high pressure into the rock fissures to encourage the gas/oil to escape into voids to create pockets. We have not reached that point yet along the fracturing route and hopefully we may not have to employ those techniques as they can be costly and time consuming.

If we can get flow rates without fracture stimulating then so much the better.