CASPIAN - 2005 Year of Growth - Serious Discussion Thread

Stefield,

CSH have stated that when the existing six reworked wells have been completed by the end of December, they will then commence the drilling of five new wells. So if everying goes according to plan the drilling of the first of the five new holes should start sometime in January. They have also stated that they expect the six reworked holes plus the five new holes to produce a total of 450 to 510 bod. As these statements were made within the last two months there is no reason for me to suppose that a lack of finance will prevent the programme from proceeding.

I imagine that as a result of their previous misjudgements, CSH are now making conservative estimates. Consequently, I think that the chances of reaching the stated target are reasonably good, but only time will tell.