Re: Enegi update Nov. 3rd

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a6dyl

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Re: Enegi update Nov. 3rd

posted on Nov 03, 2008 08:14AM

Hi J2

Wasn't it an option that the rig returns. I dont believe the company ever said the rig would definitely return. For me its simple economics. The only partner that seems to have any money is Enegi. SPE and CIVC are skint IMO. If Enegi are willing to finance the next phase by taking over a larger slice of the pie then it may happen. Good logging results of the GPS will make the sale of CIVCs interest more lucrative. Us shareholders experiencing the promised land with CIVC seems more remote to my mind, but always like to be proved wrong.