Nicky Henderson’s five-year-old failed to get competitive in a couple of bumper runs last year, but has upped his game considerably over jumps.
He showed a good attitude to make a winning hurdling debut at Sandown in early December and defied a penalty in a common canter at Plumpton earlier this month.
Caracci Apache’s owner Henry Ponsonby said: “There’s a possibility he could go to Cheltenham on Saturday for the Neptune (Investment Management Novices’ Hurdle).
“Regarding the Festival he’ll have an entry in the Neptune and the three-mile race, the Albert Bartlett and we’ll see where we are nearer the time.
“There is also the option of missing the Festival and running in the EBF Final the Saturday before at Sandown, as the Plumpton race was a qualifier for that.
Another horse for whom Ponsonby holds high hopes is Admiral Miller.
He ran no sort of race on his jumping debut at Newbury but his owner is confident he will bounce back.
Ponsonby said: “He was disappointing, but there are reasons for it and don’t write him off just yet.”