CPC trading at 29-30c could see a new lift very, results expected next week on Utah wells and East Texas...
USA is the place to be as natural gas prices persist over $12US a bcf...looking to go to $15 this USA winter..
Whats more due to current shortage we can expect feverish takeover activity, probably based on reserves....already Woodside is paying $4mill Bcf...
IMHO CPC programme is about to expand and could have around 70 Bcf reserves ,this no doubt attract offers.....representing a Mkt Cap potential of $250US.....
Surely the 40mill cap at present is way too low
CPC
carpenter pacific resources limited
"5 bagger by xmas"
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