Oil and gas is always iffy and not easy a lot can go wrong but the shows take a lot of risk out about there being oil there. The release for my mind surprisingly professional didn't really pump the release, maybe management are sick of going nowhere and have deceided to lift there game. One thing is for sure by next Monday we will most likely know and would not be surprised to see a trading halt. But 4 cents is a realistic target on success, then it all comes down to flow rates and forward looking plans. But if you can get a 1000 bopd it will certainly fill the coffers up. With the republic suffering shortages and financial woes any oil find will be welcome in taxes and savings on the import duty Russia has imposed on them, there will be no problem in getting the oil to market. Security.org goes into better detail in there lack of oil and plenty of refinery space, but I am sure many would already know this. Interesting times in the cig space.
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