Crusaders, I seem to recall CIG have mentioned the expected range 25-50bbld; I think it's in last Q'ly report. It looks like M3 might perform at the upper end of that range, and I'd expect the next one (M4)to exceed the earlier ones because it's deviated as well as heading down-dip (down the upward sloping reservoir) which should increase the angle of intersection at reservoir level. The fracture system in the reservoir also affects flowrates and that will probably vary with each well. Extensive fractures could mean much higher flowrates; little or no fracturing could mean little or no flow even though oil is present. Hope this helps.
That big seller is simply tearing up banknotes imo.
CIG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
