I go away for a few days hoping for the good news and we are still waiting. I read on another forum it can cost up to $1million dollars for the casing of a well for production so CIG will have to be careful on where to drill and then when to do the casing. I wonder how much it costs just to drill a well.
I would love for them to go it alone but they may still be 2-4 million short unless we got 101+bopd from the well we are currently waiting on.
Does anyone know what the rig is doing?
CIG Price at posting:
11.0¢ Sentiment: LT Buy Disclosure: Held