re: going nuts and bolting~!
==>up by 1.7c to finish at 9c on friday . This stock has AGM on the last days of NOV04 , so things must be cooking ......
CPN had $1,166,000 in the bank at the end of the qtr. They plan to raise over $2m in the issue to be approved end NOV04. I hear that insto's are lining up for a position , so competition is looking keen and may well be organised for implementation before it is approved . Sign of the times .....
The company will be chasing targets upto 200-300BCF in its seismics early next year .... large 100+ BCF are already known . Oil is on the cards at 7mmbbloe too already[ see announcements on ASX]
CPN has producing oil and gas wells , and a gas well to be drilled early next year . See announcements for the detail .
Some say this is looking for 25c in short term , and 50-75c over next two years ....to be hot in 2006
dyor . Good luck to holders .
CPN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
