CIG 0.00% 6.0¢ caspian oil & gas limited

ArizioStated aim for current drilling program was to prove up...

  1. 23,528 Posts.
    lightbulb Created with Sketch. 2
    Arizio

    Stated aim for current drilling program was to prove up the Mailisu area as a producing field. Last drill results appears to confirm this. Waiting for flow results from this well and the last should give a better indication

    Deeper wells, being part of the Santos farm-in, should see confirmation of probable recoverable reserves - 6 million barrels as based on USGS estimate.

    Five other areas are yet to be drilled and are prospective for oil.

    Gas is another item still to be considered. A minor show has already been made.

    Santos are conducting a 3D survey and results are due next quarter I think.

 
watchlist Created with Sketch. Add CIG (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.