After some searches I came up with the following. Getting about 360Kh/s. Diff still shows 12.5M. Is that bad?
cgminer -o
http://p2pool.org:9377 -u user -p pass --scrypt --intensity 15 -g 1 -w 256 --thread-concurrency 8192 --gpu-engine 1000 --gpu-memclock 1350