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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?


To: SAM-DAN who wrote (7950)4/26/2002 10:35:22 PM
From: Al Collard  Respond to of 11802
 
Hi SAM-DAN,

Your in with CPV-v @$ .27 for 37,037 shares.

Chart for Copper Creek Ventures Limited:

stockcharts.com[h,a]daclyiay[dc][pc20!b50][vc60][iLa12,26,9!Ll14]&pref=G

From the chart of CPV we can see the stock broke out last week on well above average volume. The chart indicators are bullish as some of these junior resource plays are starting to catch investors attention.

Good luck with this pick,
Al



To: SAM-DAN who wrote (7950)4/27/2002 6:43:42 PM
From: Al Collard  Read Replies (2) | Respond to of 11802
 
SAM-DAN a little blurb I received in my e-mail today on your pick. At least they are promoting it. Thought you might enjoy it.

Is CPV the next Ultra Petroleum?

We were in the process of preparing a full report on Copper Creek Ventures (Toronto Venture Exchange: CPV) when the stock began to get active, last week. While we will deliver, as promised, we wanted to give subscribers a heads-up on this situation before CPV share prices run higher.

Copper Creek Ventures is an overlooked, undervalued oil and gas exploration and development company with an excellent land position in the prolific Green River Basin coal bed methane field. In recent days, it would appear that the investing public is suddenly becoming aware of CPV's potential.

CPV is launching its initial development program and the investing public is only now becoming aware of this junior's potential. The company's 20,000 acre position is situated just south of the 106,000 acre parcel recently acquired by Infinity Inc (NSD: IFNY $17.50). Given CPV's tight share structure (1.5 million float with only 10 million out) and the nature of Green River wells, when Copper Creek successfully completes these first three wells, the company's stock should command a fair market valuation in the $2.00 range. CPV shares now trade for slightly over 10 per cent of that projected price.

The Green River Basin in Wyoming is home to some of the most notable natural gas success stories in recent history. Companies such as Infinity Inc. and Ultra Petroleum (AMEX: UPL $9.00 / TSE: UP $14.00) have built blue chip entities on the strength of their Green River coal bed methane properties.

The reason these companies, and others, have enjoyed such success has to do with the nature of the Green River fields, where gas is found near the surface. Most wells are drilled to a depth of only a few thousand feet. With the recent introduction and refinement of 3-D seismic testing, completion rates are extremely high. Once online, wells produce for up to a few decades, with production actually increasing as wells are de-watered. The upshot is that Green River plays are relatively low risk and have a low cost of completion while producing cash flow for decades.

One of the big keys to success in the Green River is land acquisition. Copper Creek and its joint venture partners have tied up a favorable land position at a low cost. So the company is well-positioned to proceed with development work.

Although natural gas prices have come off panic highs of the past few years, the potential for upward prices spikes remains very real. According to US government reports, the shortfall in natural gas will remain a threat to America's secure energy future for at least seven more years. The price spike of 2000/2001 demonstrate clearly how volatile this market can be when demand outstrips supply.

Copper Creek is a domestic producer in a well-know producing natural gas field. The company is at the start of its development path and, if it can follow in the footsteps of forerunners such as Ultra and Infinity, offers investors the potential of multifold reward in a relatively low risk energy play.

In the past week, it would appear that word is getting out on Copper Creek as operators prepare to commence drilling. Trading activity in the company's stock has begun to pick up and it is likely that shares will see a substantial upward revaluation as CPV moves forward.

Could Copper Creek become the next Ultra Petroleum? Bottom line is, the company has a shot at it.



To: SAM-DAN who wrote (7950)4/29/2002 11:59:33 AM
From: Al Collard  Read Replies (1) | Respond to of 11802
 
CPV-v...in the news:

Copper Creek Green River drilling to begin this month

Mon 29 Apr 2002

Mr. Bing Jung reports
FUNDING OF GREEN RIVER BASIN DRILLING PROGRAM FORWARDED
Financing of the Green River basin drilling program has been forwarded to
CP Resources, operators of the Green River basin project.
CP Resources LLC, operator of the Green River basin project, has entered
into a contract with Dynatec Drilling, Inc., of Salt Lake City, Utah, to
drill two wells on its East Salt Wells Creek coal bed methane prospect in
Sweetwater county, Wyoming. Drilling is expected to commence later this
month and it is anticipated that the drilling program will take up to three
weeks. The drilling plans include the coring of the Almond coal section in
at least one of the two wells. This will allow for determination of the gas
in place in the coal section and the potential permeability of the coal.
The desorption process will take up to 60 days to complete during which
time the company will be formulating its completion program for the first
two wells. Subject to favourable results of this evaluation, the company
intends to expand its program in the third quarter of 2002 by drilling two
pods of wells surrounding the initial two wells. Each pod will consist of
five to eight producing wells and a water disposal well. It is anticipated
that the wells could be put on production prior to the end of 2002.
Development of the Almond coal section is continuing in the area with
numerous wells being drilled and put on production.
Copper Creek will pay 35 per cent of the costs of the initial two wells to
earn a 21.4375-per-cent working interest. Other working interest owners
paying for the initial test wells are Kodak Oil & Gas Corp. 40 per cent,
earning 24.5 per cent and Portrush Petroleum Corp. 25 per cent, earning
15.3125 per cent. Through the drilling of the initial wells, the companies
will earn a continuous drilling option under approximately 15,000 gross
acres.
The drilling of the Salt Wells field development Second Frontier well will
commence the second quarter of 2002 subject to lease stipulations. All
drilling permits and right of way applications for the Salt Wells Federal
No. 12-12 well have been completed and filed.