re: news?/bwana/jocam hi bwanafirstly i dont have any knowledge...

re: news?/bwana/jocam hi bwana

firstly i dont have any knowledge about (cpc) so it's rather hard making a call..

had a small rally early last week, but was on very small volume which was declining.

i'd say share price will weaken over the next week or so.

perhaps it might gain more strength when the commencement of drilling kicks in early 2005 (do they have a schedule at present).

but that will also rely upon sentiment in the oil/gas sector. which is pretty much up in the air at present (futures looking slightly weak again).

for me i'd be sitting on the fence at present, needs stronger support from the market.

share price imo will fall slightly in the next 2weeks.

just until the market can get back into it's stride early 2005. plus punters buying in before spudding.

i note jocam still holds shares in (cpc), would be worth getting his current opinion.