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Hi folks,
CIG ..... good news is delivered on time and the
next couple of months are looking positive for CIG ...
Good story here, with STO as a partner in this
exploration.
happy days
yogi
CIG - Caspian Oil and Gas
- Thread starter yogi-in-oz
- Start date
Hi folks,
CIG ..... good news is delivered on time and the
next couple of months are looking positive for CIG ...
Good story here, with STO as a partner in this
exploration.
happy days
yogi
- Joined
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- 0
Hi folks,
CIG ..... more good news, today .....
..... extended production leases.
happy days
yogi
P.S. ..... holding CIG.
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..... eat your heart out, skeptix.
Hi folks,
As per post above, CIG is on the move,
ahead of some positive news expected
next week .....
21-24042006 ..... minor news
27-28042006 ..... positive spotlight on CIG ..... ???
happy days
yogi
P.S. ..... holding CIG.
- Joined
- 6 November 2005
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Hi folks,
CIG ..... looking good now, ahead of some
positive news, expected at week's end ...
happy trading
yogi
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Hi folks,
CIG ..... ticking up nicely now, Kevro .....
happy days
yogi
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Caliente
Black Gold!
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very interesting activity - i've been in for a few days now >>> its all to do with the drilling rig thats supposed to be in Krygyz now or in the next week or so.
They have some stunning (as in easy to hit) drill targets there. On e of the dodgy pictures on the site suggests oil is bubbling from the ground (i sh*t you not!).
They have some stunning (as in easy to hit) drill targets there. On e of the dodgy pictures on the site suggests oil is bubbling from the ground (i sh*t you not!).
I guess people are expecting positive results from the first target site. Upward movement in sp to 14 cents. Be an interesting next few weeks.
with the spudding of the first of a line of 11 oil exploration wells yesterday it is going to be a huge six months for CIG with plenty of newsflow as they go from one well to another, wouldn't be surprised if this one rapidly catches up to CVN.
Also involved in a big money JV with Santos (STO)
with each well taking about two weeks to complete there will be a huge number of announcements in a short period of time, if they were to hit something on the first well, one could expect a nice surge in the shareprice.
anyone else holding CIG?
Also involved in a big money JV with Santos (STO)
with each well taking about two weeks to complete there will be a huge number of announcements in a short period of time, if they were to hit something on the first well, one could expect a nice surge in the shareprice.
anyone else holding CIG?
very positive trading over the last couple of hours, consolidated yesterdays gains well with some strong support forming around the 14.5-15c, after a short consolidation would expect it to move higher over the next week and a half leading into the first oil exploration results out of the Kyrgyz Republic.
Remember this is the first of 11 wells to be continiously drilled back to back meaning newsflow for the next 6-8 months.
Remember this is the first of 11 wells to be continiously drilled back to back meaning newsflow for the next 6-8 months.
with the commencement of drilling in the Kyrgyz Republic CIG is very much following in the model set up by CVN lots of low risk wells easily tied into production and therefore creating cashflow and profits.
CIG is a around 6 months behind CVN but wouldn't be surprised if it starts to rapidly catch up once the oil exploration results start to roll in.
Also giving CIG a significant profile is the large sum of money that Santos have invested in the exploration JV.
I currently hold both CIG and CVN but one thing is for sure and that is for each successful well the shareprices of both companies will only be heading one way.
any thoughts guys on the two companies?
CIG is a around 6 months behind CVN but wouldn't be surprised if it starts to rapidly catch up once the oil exploration results start to roll in.
Also giving CIG a significant profile is the large sum of money that Santos have invested in the exploration JV.
I currently hold both CIG and CVN but one thing is for sure and that is for each successful well the shareprices of both companies will only be heading one way.
any thoughts guys on the two companies?
strange to see CIG trading down today when the price of oil has surged overnight, the fact is they have just started a major exploration program in the Kyrgyz Republic have a massive JV partner in Santos and will be completing 2 wells a month for the next 6 months.
There wouldnt' be many other oil exploration companies that are undertaking such significant exploration over the next 6 months.
Whats even better is they own their own drilling rig so as soon as they define targets they can go straight out and drill it.
With the first well results due in the next 7-10 days and the price of oil surging it will be interesting to keep an eye on CIG next week, one would think it would run into next weekend as punters take the chance on an oil discovery.
Any CIG holders out there have any thoughts on why the SP is down today?
There wouldnt' be many other oil exploration companies that are undertaking such significant exploration over the next 6 months.
Whats even better is they own their own drilling rig so as soon as they define targets they can go straight out and drill it.
With the first well results due in the next 7-10 days and the price of oil surging it will be interesting to keep an eye on CIG next week, one would think it would run into next weekend as punters take the chance on an oil discovery.
Any CIG holders out there have any thoughts on why the SP is down today?
I am a holder of CVN and have been following CIG for quite some time, I am thinking that some holders are getting out today due to the high SP. I am not complaining because I want to pick some of these up cheaper before some drilling reports are released
they are not currently producing, but the nature of the exploration means they can quickly get any discovery online and producing.
Due to location there are many oil fields/pipeline close by so all the infrastructure is in place to get productin online very quickly.
As for financial position they have a major JV with Santos where STO will pick up $24 million in exploration costs and on top of that they own their own drill rig which will limit costs going forward.
Also about 4-5 months ago their raised $10 million in an institutional placement so funding is not a problem at the moment.
I get the feeling CIG will be one of those stocks that once it gets on a roll and gains recognition it will become one of the traders favourites, it also help they are completing two wells every month so there will be plenty of speculation as to possible oil discoveries.
Due to location there are many oil fields/pipeline close by so all the infrastructure is in place to get productin online very quickly.
As for financial position they have a major JV with Santos where STO will pick up $24 million in exploration costs and on top of that they own their own drill rig which will limit costs going forward.
Also about 4-5 months ago their raised $10 million in an institutional placement so funding is not a problem at the moment.
I get the feeling CIG will be one of those stocks that once it gets on a roll and gains recognition it will become one of the traders favourites, it also help they are completing two wells every month so there will be plenty of speculation as to possible oil discoveries.
one thing many investors are overlooking with CIG is its exposure to the gold sector they currently hold a 20% stake in gold explorer PRU which is now worth $37 million and rising quickly, if you take that 20% stake in PRU and divide it into their current gold resources it works out the equiv. of having around 720,000 oz's net to CIG and also growing quickly. On top of that they also have an interest in one of BYR african gold projects which is showing promise of being a high tonnage lower grade deposit.
not many companies can boast exposure to both oil and gas like CIG currently has.
the upcoming week will be very interesting for CIG with the first of the wells from their major exploration in the Kyrgyz Republic due late next week, on top of that there was a major case of price capping on friday meaning someone was trying to accumulate at lower prices, once the brakes are released and the share price is allowed to move it wouldn't surprise if we had a major breakout/volume day later in the week in anticipation of an oil find.
not many companies can boast exposure to both oil and gas like CIG currently has.
the upcoming week will be very interesting for CIG with the first of the wells from their major exploration in the Kyrgyz Republic due late next week, on top of that there was a major case of price capping on friday meaning someone was trying to accumulate at lower prices, once the brakes are released and the share price is allowed to move it wouldn't surprise if we had a major breakout/volume day later in the week in anticipation of an oil find.
it is obvious how important Santos has placed the exploration in the Kyrgyz Republic, it is one of their main growth targets and they realised that CIG have a good relationship with the Kyrgyz Government which is vital when you plan oil exploration in foreign countries.
And this is why, not only did they agree a 3 stage $24 million dollar exploration program they also took a blocking 15% stake in CIG so they have partial control over CIG's exciting exploration targets.
And to back all that up Santos has gone out an gained control over more exploration leases in the Kyrgyz Republic.
If exploration goes to plan the next six months will provide CIG with a stable cashflow positive oil production to be shortly followed by the deeper Santos JV drilling where there is the possibility of discovery of hundreds of millions of barrels.
It is good to see management have their eye on the short term and long term targets.
Also don't rule out Santos taking over CIG if exploration results provide positive because they could use CIG's staff and rig as well as the contacts with the Kyrgyz Governement going forward.
With a little over a week now till the first well is due to be completed the next year presents the most significant in CIG's history.
And this is why, not only did they agree a 3 stage $24 million dollar exploration program they also took a blocking 15% stake in CIG so they have partial control over CIG's exciting exploration targets.
And to back all that up Santos has gone out an gained control over more exploration leases in the Kyrgyz Republic.
If exploration goes to plan the next six months will provide CIG with a stable cashflow positive oil production to be shortly followed by the deeper Santos JV drilling where there is the possibility of discovery of hundreds of millions of barrels.
It is good to see management have their eye on the short term and long term targets.
Also don't rule out Santos taking over CIG if exploration results provide positive because they could use CIG's staff and rig as well as the contacts with the Kyrgyz Governement going forward.
With a little over a week now till the first well is due to be completed the next year presents the most significant in CIG's history.
