It is a punt with massive soverign risk. The way I am reading it is that the only oil finds are in Chavrak and the government has not re-issued that licence. So all hard for nothing - it is a wonder why anyone would farm in with that sort of risk !!
If I were management I would be holding the gold assets and whilst they dumped the major of their PRU at 55 cents it is the only thing they are making money on.
Maybe Parsons can tie his $1/4 quarter million salary to success rates - big salary !!
If the Government re-issues Chavrak than maybe you will see farm in and a 10-15 cent share price in June with any success in their upcoming programme .....
I suppose that is a good enough punt ?
CIG Price at posting:
10.0¢ Sentiment: Buy Disclosure: Not Held
