VLE - True. From what I've read it sounds like a high probability of success so I'm banking on this working out. It's a pretty sizeable position for me. Based on my belief that the equity markets are in for a beating sometime in the near future has caused me to embrace this position a bit more since it should be uncorrelated to any broad market corrections(unless a war starts in that area).
VLE.to: I've been adding near the support level here. I expect it to firm up after the Turkish election, which will at least provide a more certain picture of the future, of which the worst case seems would be a continuation of Erdegron....which aside from the dramatic news headline...I don't think it would actually be detrimental to VLE and partner Statoil.
Also, looking forward to the drilling and testing to resume soon....seems they may have drilled their first well into a tighter part of the formation to demonstrate continuity, then the next one is going into an area where seismic shows a great degree of natural fracturing.
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