Hey Sunnyq,
this spike had been coming for sometime now, further increases will follow in the years to come as supply struggles to match demand.
I curently hold almost 500,000 shares in Cue Energy Resources and believe the company has excellent potential to offer holders hansmoe returns over the next 2 years.
Go to their web site located here
http://cuenrg.onlinepublicity.net/index.php?id=13&PHPSESSID=a8ef35342dabdd35b7210f32aaecf6ce
Have a read of the 2007 Annual report/operations
This document will give you some idea of the increases in production in both oil and gas expected over the next few years.
Also, read some of the annoucements located here so bring yourself up to speed with the company
http://www.asx.com.au/asx/research/CompanyInfoSearchResults.jsp?searchBy=asxCode&allinfo=on&asxCode=CUE
Best of luck with your investments
JW
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