moving today, page-6

Cash flow from First workover is $400k+ fro a miniscule outlay...

The first major lareral drilling now underway, has reached target zone and starts the last 600 ft of lateral drilling....

Expected flow rates should be 2.4 M mcf/day... that is worth about $2 mill net to CPC per year.....and there is more than 17 further wells..

The next area in UTAH is also very good as CPC has 70% of the action....drilling here as soon as weather permits ---about 1 month