He responded in 2 days which was good but not promising news:
regarding your query about #6, the current status is that we are still progressing the completion of the well. We have established that oil is present and flows into the well but are now waiting the application of acid after which a pump will be run. This will still take several months as the appropriate pumps are not immediately available. Unfortunately cold and wet weather has also hampered operations.
While we have no further drilling plans over the next few months, with the exit of Santos from our operations we are hoping for a new partner to join us in an active exploration programme.
CIG Price at posting:
8.0¢ Sentiment: LT Buy Disclosure: Held
