CPC carpenter pacific resources limited

"to become a hottie"

  1. 5,469 Posts.
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    There last presentation showed that

    "Operations -Utah
    Future Plans (Next Four Months)
    •Drill four wells at Helper
    •Drill two wells at Clear Creek"

    I understand that they have allready gone into Clear Creek...

    After investigating some USA data it would appear that no work has been done after inital discoveries some 25+years ago.....todays equipement and technology is far better....any recompletion will very quickly resolve if the original drillers hit the main target zones...they couls have left plenty behind....

    CPC is due to report on several wells once flow has been stabilised.... I suspect some favourable results to the upside....

    Trading at 22c the shares and 11.5c options is not expensive and represents little downside.....time to top up
 
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