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Re: BKP - Baraka Petroleum

As I wrote on Sunday, "I've noticed that in one of CTP's Southern Georgina Basin permits (ATP912) alone that there's potential for 650 million barrels of oil and 50 TCF of gas".
BKP's permits are close by. With over a quarter of BKP's market cap covered by cash, there's not much upside in BKP's current market cap for any good news. If CTP commences its drilling program soon, attention will also focus on those with permits nearby. Hence, the classic nearology effect will come into action. I wonder how much potential will be in the 2 permits in which BKP is farming into.
Today was a good day for BKP up 20% on massive volume of 116 million shares. This will in time become a daytraders favourite. Thanks Young Trader for your research.
DYOR

<blockquote data-quote="greggy" data-source="post: 493675" data-attributes="member: 3574">Re: BKP - Baraka PetroleumAs I wrote on Sunday, &quot;I&#039;ve noticed that in one of CTP&#039;s Southern Georgina Basin permits (ATP912) alone that there&#039;s potential for 650 million barrels of oil and 50 TCF of gas&quot;.BKP&#039;s permits are close by.&nbsp; With over a quarter of BKP&#039;s market cap covered by cash, there&#039;s not much upside in BKP&#039;s current market cap for any good news.&nbsp; If CTP commences its drilling program soon, attention will also focus on those with permits nearby. Hence, the classic nearology effect will come into action. I wonder how much potential will be in the 2 permits in which BKP is farming into.Today was a good day for BKP up 20% on massive volume of 116 million shares.&nbsp; This will in time become a daytraders favourite. Thanks Young Trader for your research.DYOR</blockquote>

[QUOTE="greggy, post: 493675, member: 3574"] [b]Re: BKP - Baraka Petroleum[/b] As I wrote on Sunday, "I've noticed that in one of CTP's Southern Georgina Basin permits (ATP912) alone that there's potential for 650 million barrels of oil and 50 TCF of gas". BKP's permits are close by. With over a quarter of BKP's market cap covered by cash, there's not much upside in BKP's current market cap for any good news. If CTP commences its drilling program soon, attention will also focus on those with permits nearby. Hence, the classic nearology effect will come into action. I wonder how much potential will be in the 2 permits in which BKP is farming into. Today was a good day for BKP up 20% on massive volume of 116 million shares. This will in time become a daytraders favourite. Thanks Young Trader for your research. DYOR [/QUOTE]

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