Web Site : http://www.carpathian.com.au

I like the look of this stock on the basis of the portfolio of licences being explored, but would tend to buy on SP weakness in the hopes of the co. making further hydrocarbon discoveries in the near future. If recent experience with co's such as VOG is anything to go by, the share price will probably be down 20% or more in a few days from now. The shares are not nearly as sought-after as larger co's such as VOG, IEC, SBE, so expect the SP to languish for a while pending further good news . . .

ST

Nice feedback... Was looking at the portfolio too...

Was thinking the same - possible 'bull trapping' now as well over 150 orders have come in at 5.5p... 13Mil+ to 2Mil+

As always with this stuff - Be in the wings - Ready to pounce...

Did move very fast this morning.

PP

I know... wish I had Octopus sometimes (LOL)

what is the prediction for monday,more gains or profit taking and back down to 4p,or another 1 or 2p rise.

expect a decent rise to 7-7.25 monday.

Anybody know how much SVE owns/invested?

ellio,

It's quite smalll actually, but a profit is a profit, and there may well be more to come here in the future, so another good investment by Bruce.

Ellio,

In the SVE 4SQ October 2005 report, it says this about SVE's smaller investments;

Starvest had eight other relatively small
investments (which we do not describe in detail)
at the July 2005 year end, valued at around
700,000. Since then a further 108,000 has
been invested in OFEX new issue Concorde Oil
& Gas.

The eight small investments are Agricola
Resources; Beowulf Gold; Black Rock Oil &
Gas; Brazilian Diamonds; Carpathian Resources;
India Star Energy; Matisse Holdings; and St
Helens Capital. We estimate that all these are
showing an unrealised profit.

------------------------------------------------

Guten Tag!

Thanks to Andy for the Starvest info - v. interesting!

Am still not convinced that this one is going to bounce up much higher on the basis of Friday's announcement. The actual cash value of the additional gas found is not great - estimating 3 billion cu ft of recoverable gas at US$6 per mcf means the total gas now estimated to be recoverable is worth $18 million, of which 60% nets to CPNR, for $10.8 million/6million approx. For such a tiddler, the current market cap of around 7 million (sp: 5.16p) seems ample. Additional value will come from further discoveries in the portfolio.

I would hope that the production rate at Ja3a will now be increased, however, reducing CPNR's reliance on external fundraising as the co becomes more cash-generative.

Found some money down the back of the settee, so have decided to have a sniff at this one. The co will be drilling 3 or 4 wells in H2 2006 to explore some potential gas plays and maybe one oil play. Their larger gas prospects are between 32 - 133 bcf; oil is reckoned to be 7 million bbl. Given that the enlarged gas asset of last week's announcement is only about 4 bcf, a positive result this year could see a radical transformation of the company's value . . .

Agreed!

Interim results out today - no surprises,though. A few punters seem to have offloaded some shares by way of profit-taking or damage-limitation after last week's spike.

Definately one to watch...

Ticked up 0.25p this morning on news that a director has acquired shares in the co for his pension fund.

It's not a big transaction, but clearly he thinks the stock is cheap (Bid: 4p; Offer 4.5p). Spread is quite tight at the moment too.

Carpathian Resources - Director/PDMR Shareholding
Carpathian Resources Carpathian Resources Limited ('the Company') Director acquires shares 23 March 2006The Company was informed today that on 22 and 23 March 2006, Ogilvie Superannuation Fund Pty Ltd (an entity controlled by Mr Grant Priest) as trustee for Priest Superannuation Fund, acquired 25,000 Ordinary Shares via an on market trade at A$0.099 and 25,000 Ordinary Shares via an on market trade at A$0.10 per share for a total consideration of A$4,975. This purchase brings Mr Priest's interested holding in the Company to 100,000 Ordinary Shares, representing 0.074% of the issued share capital of the Company.

More directors investing. RNS out today:

Carpathian Resources - Director/PDMR Shareholding

Carpathian Resources Limited ('the Company')

Director acquires shares

7 April 2006

The Company was informed today that on 6 April 2006, Dr Philip Linsley, acquired
96,000 Ordinary Shares via an on market trade at A$0.099 for a total
consideration of A$9,504.

This purchase brings Dr Linsley's interested holding in the Company to 96,000
Ordinary Shares, representing 0.071% of the issued share capital of the Company.

Up 0.625p today, or 15% to 4.5/5.0.

"AIM Insight" tips CPNR as a speculative buy. No real surprises in the analysis, although it does mention that the co will probably have to raise 2-3 million in the near future to finance its planned drilling programme.

Full article under http://www.carpathian.com.au/images/documents/AIMinsightapr06.pdf

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SP drops today on release of quarterly activites report.

No earth-shattering news, but a drill target has been identified on the Mosnov prospect (CPNR interest: 90%).

>> The operator presented a thorough review of the permit in March that identified a drilling target
at around 400m in Tertiary sandstones and sands within the Carboniferous section not far
below it. The prospect is based on intersections in a network of some 28 coal exploration
holes, 0.5 1 kilometres apart. It lies between the depleted Kremlin gas field to the north and
the Priobor-Klokocov Field to the south which it is reported produced 23 billion cubic feet of
gas between 1945 and 1984 at rates of up to 5 million cubic feet per day.
The proposed location is close to an updip of a coal exploration hole from which a gas flow of
80,000m3 (approximately 2.8 million cubic feet per day) was recorded in 1961, some two years
after it had been drilled. While this open flow rate would not be sustainable, financial analysis
presented with the review indicates that, given the strong gas price and the proximity of the gas
transmission network, sustainable rates of as little as 10% of this figure could be economically
attractive.
Encouraged by this the decision has been taken to commence the drilling application process
and to seek a contractor to drill a well on the location in the second half of 2006. <<

Interpretation of futher seismic data with confirmation/identification of drilling leads is anticpated for the current quarter.

Leads at Rosnov have been confirmed - drilling is being scheduled for 2007.