The sale represents a profit of about $2mill to CPC or about 10c pershare before the reconstruct.
I expect some report outlining the 7-8 well to go down starting in about 14 days,all in proven basins. I understand all locations and details are about to be released.
CPC has all the cash it needs and the wells contemplated are low risk ,expected to fow be500,000 ti 1mmcf/day in nearby pipelines.
CPC is bound to become a producer in very quick time.
Well worth a punt....
CPC Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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