CPC carpenter pacific resources limited

update on drilling and testing

  1. 5,457 Posts.
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    I telephoned the company in USA to query progress on testing of the three current wells....

    Delays in UTAH due to permission being sought to "flare off" in preparation to flow testing,this is now granted...
    following testing the gas will be immediatly plugged into pipeline for immediate cash flow...

    In East Texas progress is slow as drill stem is being cleared out,prior to testing....

    I was told that other than unovoidable delays all is going to plan......as reported earlier by the company good gas flows have been achieved ,although absolute no,s still to be arrived at....

    Its a slow journey for shareholders....but the rewards are there--better late than never...

    p.s. I just purchased some at 19.5 a real bargin...
 
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