Hey Pecora,I spoke to Richard yesterday and he said that they...

Hey Pecora,

I spoke to Richard yesterday and he said that they could be starting the medium depth drilling in the Santos owned land as early as June - July. This will really get the sp moving. He also said that the oil shows in well 3 and 4 were much better than the previous wells. The 5th well should spud today and they are now only drilling 6 shallow appraisal wells instead of eleven, which is good

In summary he was very happy with the way things are progressing and so are Santos. I suspect some of this buying could be people trying to get in before all the arrangements are finalised with Santos for the next area to be drilled to a medium depth.

I have held a very large parcel of shares for 12 months and now things are starting to shape up. My prediction is 20c before the mid range drilling begins then up and up.

Good luck to all holders, and thank you Pecora for all your updates on CIG over the last year.