one drill to fool them all..., page-4

Anyway here goes:

a) The results from this specific well are evidently not good
b) The infill drilling will merely increase flow of an already producing well but does not mean the reserve increases - we already got this oil so it is just showing shareholders that they are being active and might catch a couple people out to buy into CIG as the announcement will come across positive
c) We do hold a stake in Perseus which may help as I think they may be on the verge of something big, this being said the sell-down over 2008 has hurt us; hope management hold onto this around 3% stake they currently are in posession of
d) I feel that the seismic data may still show some interesting things, I also feel that STO will want in based on these results!
e) Evidently the 'no oil' factor has upset the likelihood of the SPP being achieved, or has it?!

At this point, although I have sold down even a larger stake in recent days, I sustain a hold position with what I and P.I.C alike have left.

I am sure that GK (SHARINGISCARING) will provide some more info on Monday. Also a big thanks to PK - LOL.

Cheerio Nikess.