Chaparral Resources Inc (char)

[Napolion]

==>CHAR ALL TIME HIGH: @$3.06 from $1.94. TARGET $10.00... Chart is a thing of beauty: 1st support at $2.83, secondary very strong support at $2.55, previous all time high of $2.99 taken out yesterday...

http://stockcharts.com/def/servlet/SC.web?c=char,uu[h,a]dacayyay[pb50!b200!d20,2!f][vc60][iUc15!Ua12....

The Chinese are looking at buying Petro companies in Kazakhstan, such as PKZ and presumably NLG.TO, CHAR's big brother/joint partner and they're paying top price, as evidenced by their offer for Unocal...

Next Q for release in August should show about .14 after .10 in Q1 and will seal the fate of CHAR's share price: estimated EPS for 2005 is .54 compared to .30 in 2004, reflecting increased output from 8,500 barrels/day to 12,500 barrel/day in December 2005 and higher prices. On the basis of a conservative PE of 20, we obtain at the end of 2005 a projected price of:

.54 x 20 = $10.80

Of course, this is just the beginning, as further development will bring total output to over 15,000 barrels/day in 2006 and the life of the field is at least 10 years without further discoveries...