It's hard to believe these guys can justify their positions on the board and in management. They have drilled one well- with no end of mechanical problems - in the last 4 years and seem unable to progress the company in any way. There is proven oil in their permits but they are so inept that nobody wants to join them in a JV. Can't blame them! What can we share holders do other than sell in protest as so many have done already. Pathetic is the only word to describe this lot and to think they have collected millions in payment over this time - all our money.
CIG Price at posting:
5.0¢ Sentiment: Sell Disclosure: Held