re: Ann: Update - East Mailisu Well No1 and M...
Thats a fair point
but to drill deep whether you have your own rig or not you need $$$
Santos provides risk free 24mil in drilling funds that caspian will not have to raise or find plus will direct some funds for use of caspian rig.
Im not going against what your saying but imagine the fall out in the short term to caspian losing a JV partner right now the company would fail and sp will dive less than 1c and stay there which does not bode well right now.
The share price is at where it is because we will essentially have 1.4bill shares on hand after SPP and only 2mil cash which wont last long (maybe 2 months the way they are drilling)
Santos brand name will bring Caspian to where it should be in the industry if there is a find. Caspian cannot do it alone
Plus what message would it send if at a time when Price of oil is on the rise that santos is not interested
Just my thoughts but no santos see you later caspian share price for a while. This spike right now is only because of the DOW last night but im sure we will see heaps of selling pressure for a while
I hope the quarterly is good for all of us if not could fall and retest lows of .008 which if like i said before it breaches 1.2c im out
No hidden agenda here DYOR and good luck (go look at BCC now they have prospects and a future)
CIG Price at posting:
1.5¢ Sentiment: ST Buy Disclosure: Held
