27 metres - is that reasonable for this kind of drilling? I wish they hadn't mentioned the number of barrels of oil from the other well of 300 bopd as the market will be expecting similar flows. As long we can at least earn some money on it. How many bopd do we need to make some money? 10...20...50...we are pumping oil at 5bopd so I guess that may be the break even point?
Hopefully the flows will be announced next week and production can begin. I wonder what Santos is thinking....
They should have a position disclosure which says: longsuffering....
CIG Price at posting:
13.0¢ Sentiment: LT Buy Disclosure: Held
