looks like oil is heading higher again in early morning european trade, currently sitting around the $82 usd level.
just sent an email off the CIG management to try and find out whether they will update the progress of the oil exploration or just report the finding of each well when complete. I guess that because each well only takes two weeks their time might be better spent just reporting on the final well results.
will be interesting what happens when the capper pulls all those 1 million sell orders at 15,15.5,16,16.5,17,17.5c that will seriously cut into the available shares at lower prices levels.
CIG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
