Zap,
Comes on the back of WPL acquiring the Gryphon gas interests for circa US$300M (offshore gas). WPL planning to spend a lot on exploration in this acreage next year.
Short point is that gas in the US is, at present, a licence to print money.
No direct impact on CPC but confirmation they are in the right business at the right time.
Have always seen this as a business that will build very quickly over a short few years.
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carpenter pacific resources limited
Zap,Comes on the back of WPL acquiring the Gryphon gas interests...
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