check out some detailed analysis, page-5

re: why is cpc going up so much? They have a simple business in re-working old oil and gas fields using modern techniques to make these fields deliver better or from zones not previously tapped. The fields are close to pipelines and the best domestic gas market in the world (US) where gas sells for 5 times what it does in Australia. They have a plan and it is working. It is simple and timely and, seemingly, foolproof. Only real question is how long it will take to deliver on the plan. Get the reports and do the calculations. My view: worth more on what is presently known/proved; will increase as plan unfolds. For a valuation on the upside case, check what WPL paid for the Gryphon assets and then note this is onshore.