Hi Guys,The oil rig is not doing anything as far as I know. I...

Hi Guys,

The oil rig is not doing anything as far as I know. I suspect that Santos will hire the oil rig for their Alabuka West (STO = 70%) exploration (so this is pure speculation on my part... Caspian has to wait and is at the mercy of STO.

The management has failed to update us for weeks. There are no published flow rates from the recent well nor any update on the "finalization" of the seismic interpretation (e.g. Naukat Deep) wich was scheduled for September!.

STO has a 80% equity interest in the CIG licences. All depends on the seismic interpretation of the potential leads. If they are promising, STO will go ahead with the phase III of their farm-in agreement.

Otherwise its a grim outlook for CIG in 2010 :-((

DYOR, Best wishes to all SH: HoHoHo, Merry Xmas: KM