Looks like major changes are ahead for Carpenter Pacific with a...

Looks like major changes are ahead for Carpenter Pacific with a move to the United States and a new management team. Understand capital raising is well on track and there will be no difficulty for CPC to meet its scheduled final payment on 15 December to acquire a 30% interest in the Jefferson McLeod Oil and Gas Project.

Payment will get it access to an estimated 23 Bcf of nat gas net to CPC, 4 producing wells and a whole lot of potential. Company plans a 17 well development program beginning as soon as the inerest is acquired.

And it still has possible 1 mmbls net to CPC at Maari.