With Caspian having 100% ownership of the West Mailisu licence, the current drilling looks to have excellent prospects for almost nil risk. The proximity of local pipelines and close market gives ready commercialisation to both oil and gas, though some workover will be required to bring any find to production. Given its small capitalisation any find will have a major impact on the enterprise value lifting the shareprice by multiples rather than percentages. We will know our fortunes or otherwise within the next month. A great specie!
CIG Price at posting:
10.0¢ Sentiment: ST Buy Disclosure: Held