Tuesday, May 20, 2008

Only time for a few points tonight.....................

(1) Altai broke-out today as GMP was relentless buying up shares and $2.50 is in sight
(2) PCQ surprised in it's short-lived 1-hour pull-back before surging over $1
(3) 30% of 69 TCF of shale gas-in-place (twice the amount contained in the entire Quebec Lowland play according to Forest Oil/Encana) for an $18 million market cap company that is the last of the "unknown", small-cap North American shale gas plays that is ready to double within the week. I'll have more details this weekend and am hoping to put together a research report but for now please do your own research on Contact Exploration (CEX.V).

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