Compass Venture Inc T.CVI.A

Pipeline starting date in next press release

[Anewtrader]

Now that CVI entered into final negociation with the EPCM (engineer, procure, construct, management) contractor we should expect a starting date and completion date in the next press release. For Malik-1 I heard from a reliable source near the company that it will be a commercial well. Sorry Shakush about that one but I will stay with my PR interpretation. Extract from the latest press release about Malik-1 - Quote "Calvalley is encouraged by the results, and intends to drill an appraisal well up dip from this location on a seismically defined structural closure. A recommendation has been made to our JV partners as well as regulatory authorities to drill Malik 2 appraisal well approximately 6.5 kilometres directly west of Malik 1 to evaluate the extent and commerciality of the discoveries in both formations." Primo : They cannot move the rig to Malik-2 before getting approuval. Secondo : They will not change their planning to drill an other well if they were not excited about what they found. In my opinion they have more info that what they release to us.