Chaco Resources CHP (Moderated thread)

ihavenoclue

Whether we are overly optimistic or not we will see. One guess certainly falls into this category.

By the end of 2007 we will have drilled and ascertained the quantities of oil present in all 3 of our Colombian prospects. All 3 prospects are, "very low-risk targets which could be put into production within a short time frame."

When quantities are known and further production possibilities are being paid for by cash flow; a market cap of £550m or 100p a share is not unthinkable. These questions are likely to be resolved during the course of the coming year.

Those who have been here a while know this perfectly well. We don't go on about it like we used to as it is a bit like telling Noah about the flood.

I haven't even mentioned Paraguay or other unknowns that may be forthcoming.

Happy Birthday Ken

Alfred