New posts

Reply to thread

Message

Re: BKP - Baraka Petroleum

Hi Young Trader,

As excitement continues to rise in relation to the potential for oil and gas in NT, BKP will most likely rise on this newfound interest. BKP is earning 75% of 2 permits in the Georgina Basin. With CTP having done well of late interest is increasing in other stocks with interests there.
Also, BKP, being relatively cashed up, is taking a serious look at several projects as we speak and that includes projects outside the gas and oil area, including coal (CSM?). Apparently there's interest from companies wanting to use BKP as a way of listing on the ASX.
They might even make an announcement about this over the next month or so.
BKP's market cap is only $9 million and when I last checked BKP had $2.68 million in cash. IMO as people wake up to the fact that it has significant exposure to the Gerogina Basin (NT) more traders are likely to get on board. With CTP likely to drill several areas in the NT over the next 6 months or so, attention will also switch to other companies with interests in the NT.
BKP is apparently excited about the variety of potentail acquisitions on offer (8 projects in total) . Lets hope for shareholders sake that they can choose one that will also excite the market.
Yes, every stock in this price range has had its day. Hence, of late, some of them have been rising for little or no reason IMO. BKP has a reasonable amount of cash, is earning 75% of 2 permits in the Georgina Basin (please also don't forget the nearology effect) and is seriously looking at a number of opportunities as we speak.
Bearing all this in mind, I don't think BKP will remain long under 1c.
DYOR

<blockquote data-quote="greggy" data-source="post: 493312" data-attributes="member: 3574">Re: BKP - Baraka PetroleumHi Young Trader,As excitement continues to rise in relation to the potential for oil and gas in NT, BKP will most likely rise on this newfound interest. BKP is earning 75% of 2 permits in the Georgina Basin. With CTP having done well of late interest is increasing in other stocks with interests there.Also, BKP, being relatively cashed up, is taking a serious look at several projects as we speak and that includes projects outside the gas and oil area, including coal (CSM?). Apparently there&#039;s interest from companies wanting to use BKP as a way of listing on the ASX. They might even make an announcement about this over the next month or so.BKP&#039;s market cap is only $9 million and when I last checked BKP had $2.68 million in cash. IMO as people wake up to the fact that it has significant exposure to the Gerogina Basin (NT) more traders are likely to get on board. With CTP likely to drill several areas in the NT over the next 6 months or so, attention will also switch to other companies with interests in the NT.BKP is apparently excited about the variety of potentail acquisitions on offer (8 projects in total) . Lets hope for shareholders sake that they can choose one that will also excite the market.Yes, every stock in this price range has had its day. Hence, of late, some of them have been rising for little or no reason IMO.&nbsp; BKP has a reasonable amount of cash, is earning 75% of 2 permits in the Georgina Basin (please also don&#039;t forget the nearology effect) and is seriously looking at a number of opportunities as we speak.Bearing all this in mind, I don&#039;t think BKP will remain long under 1c.DYOR</blockquote>

[QUOTE="greggy, post: 493312, member: 3574"] [b]Re: BKP - Baraka Petroleum[/b] Hi Young Trader, As excitement continues to rise in relation to the potential for oil and gas in NT, BKP will most likely rise on this newfound interest. BKP is earning 75% of 2 permits in the Georgina Basin. With CTP having done well of late interest is increasing in other stocks with interests there. Also, BKP, being relatively cashed up, is taking a serious look at several projects as we speak and that includes projects outside the gas and oil area, including coal (CSM?). Apparently there's interest from companies wanting to use BKP as a way of listing on the ASX. They might even make an announcement about this over the next month or so. BKP's market cap is only $9 million and when I last checked BKP had $2.68 million in cash. IMO as people wake up to the fact that it has significant exposure to the Gerogina Basin (NT) more traders are likely to get on board. With CTP likely to drill several areas in the NT over the next 6 months or so, attention will also switch to other companies with interests in the NT. BKP is apparently excited about the variety of potentail acquisitions on offer (8 projects in total) . Lets hope for shareholders sake that they can choose one that will also excite the market. Yes, every stock in this price range has had its day. Hence, of late, some of them have been rising for little or no reason IMO. BKP has a reasonable amount of cash, is earning 75% of 2 permits in the Georgina Basin (please also don't forget the nearology effect) and is seriously looking at a number of opportunities as we speak. Bearing all this in mind, I don't think BKP will remain long under 1c. DYOR [/QUOTE]

Verification