CIG has announced that they will perform a wire log test at 1740m (plus) prior to reaching the 2000m cut of.
I suspect that they will reach the 1740m target within the first day of the concrete plug penetration.
The average success rate for these types as drilling campaigns is approx 1:10. However, there some indications that we could deal with a higher probability due to
+ the high proximity to the existing west mailisu production well that shows the similar geological features
+ early hydrocarbon shows at 1995m
Best wishes to all SH: KM
CIG Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
