GREY:CIMVF - Post by User
Comment by
derrickmanon Jul 09, 2008 1:19pm
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Post# 15273778
RE: WET HOLE STATUS?
RE: WET HOLE STATUS?I have been reading the posts over the last few days ,and watching the share price taking a nose dive .This stock is defently been manilipated and in turn scaring the whits end out of investors. There is nothing in the news release that would make me sell my shares , there is alot of investors on this BB that do not understand the drilling process ,and in the process bolt at the first sign of negative news ,you are all been had, the fact of the matters is the drill is still turning, there has been to much empasis put on the Aquatuana Formation, A company like civc who is renting a oilrig in the vicinity of $40.000 a day day rate and have it on site is defently going to be checking out all the lower formations, after drilling to TD total depth, the well will have to be tested, this involves the well been logged , this gives a indicator what is in each formation of the well, if this proves to be successful, then they will have to run casing and pereforate this to allow the oil to flow, after that the well will be flow tested to check the zones that was perforated, we are still weeks away from all this happening, so hang on to your shares and wait for the ride up.