re: background info... thanks for the response - trade4profit. i did have a reread of the announcement, and it seems that i overlooked the extra length that they have managed to drill. i just had a look at the january 25 report (multi well drilling programme), and noted the 600mcf production from the existing well. given the 10 fold increase in production, from the first well,, then one can only dream about the results from this well, when they production test the well. gosh - if the well comes with a 10 fold increase in production (dreaming only), then this should net the company a few million dollars per annum. they may ahve picked a good project
CPC
carpenter pacific resources limited
report not the reason, page-6
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