The Harris well is now flowing 1.1 million cubic feet of...

The Harris well is now flowing 1.1 million cubic feet of gas...like this one. Now 35c

Carpenter Pacific successfully recompletes Huntington-3

11:20, Tuesday, 11 October 2005

Sydney - Tuesday - October 11: (RWE Australian Business News) -
Carpenter Pacific Resources Ltd (ASX code: CPC) today announced the
successful recompletion of the Huntington-3 well in the 30 per cent
owned Jefferson-McLeod Project in East Texas.
Huntington-3 was an old, abandoned well that was re-entered and
tested by the company and its partner.
In the recompletion of the Huntington-3, two new reservoirs were
perforated and fracture-stimulated.
The well is currently producing from the two reservoirs
commingled, at 240 barrels of oil and 450,000 cubic feet of natural gas
per day - for a total of 1.9 million cubic feet natural gas-equivalent
(mmcfe) per day - flowing at 475 lbs of flowing tubing pressure.
As a result of this success and the previously announced success
of Childers-1, the company believes it has at least 10 further
development locations on its leases, as well as an additional
recompletion in Huntington-1, to exploit this discovery and target the
same reservoirs producing in Huntington-3.
Carpenter Pacific continues to pursue numerous other development
opportunities on the remainder of its acreage in East Texas.
Shares in Carpenter Pacific rose 0.5c to 30.5c this morning