CIG 0.00% 6.0¢ caspian oil & gas limited

tomorrows ann :), page-19

  1. 27,339 Posts.
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    Everyones entitled to an opinion investor,as you highlight on your post #7007888- limestone,but this was known before drilling commenced,so you contribute nothing on that score.
    Again before drilling GP alluded to an acidisation programe.
    While caution is never a bad thing to have,there is IMHO some reason to be positive as Katomouse points out.

    100 percent owned
    6 MTR oil interval
    -to use GPs words " the clarification of the presence of oil in Bed
    III rather than Bed II is good news as Bed III is likely to be more extensive and have better reservoir
    characteristics.
    20 MTR Gas column in bed V

    As West Mailisu #2 is adjacent to Mailisu iv an oil & gas field should the oil & gas be proved up commercilaisation should be relatively modest and some serious money could be earned by CIG.
    Maybe a week until the good news is known is ambitous,time will tell.

    Raider
 
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