RE:Irrational/rational exuburanceI think that when you say 'one well', you are missing out on the eight wells that have drilled into the overpressured zone below ~2,500m. The BCGA has been proven in my opinion.
VLE can't keep others from making a bid, or any others for that matter - I expect VLE gets bought in Q1, or else the exciting developments you speak about like raising some capital and drilling will happen and then a takeover in 2019.
I just think the discovery is so major and so strategic, extra value is placed on VLE's shares by the market.
Let's see how the week unfolds! Thanks for the great dialogue here.