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Re: BKP - Baraka Petroleum

Hi Beatle,

Guess we will see.
Certainly the punters are getting excited about the prospect of the Ryder-Scott report. Given the usual 'potential estimates' that such crowds release (ironic that only 1 in 10 drills usually have commercial success, and then only a few of those ever reach expected estimates), the SP is being driven up as the potential leverege is huge here.

BKP are playing this very clever. SILENCE... We were meant to have the Ryder-Scott report before Sept 30 then see drill in October. Report still pending???No update on drilling??? FUNNY ABOUT THAT!
Management held their nerve, the punters assume the report is due, so the SP is up now (and I am happy, of course).
IMHO, the report will be released just when the punters start to question "where is the report?" and just before the SP spike deflates.

As for drilling, I'd be amazed to see drilling before March and I am punting on Q2 2011. Hope to be wrong on the drill front but all my sources (non-BKP) confirm March at the earliest. Still, all will beleive what they want I guess.

Enjoying the ride...

Holding BKP @ .003c

<blockquote data-quote="BESBS Player" data-source="post: 590365" data-attributes="member: 20934">Re: BKP - Baraka PetroleumHi Beatle,Guess we will see.Certainly the punters are getting excited about the prospect of the Ryder-Scott report. Given the usual &#039;potential estimates&#039; that such crowds release (ironic that only 1 in 10 drills usually have commercial success, and then only a few of those ever reach expected estimates), the SP is being driven up as the potential leverege is huge here.BKP are playing this very clever. SILENCE... We were meant to have the Ryder-Scott report before Sept 30 then see drill in October. Report still pending???No update on drilling??? FUNNY ABOUT THAT!Management held their nerve, the punters assume the report is due, so the SP is up now (and I am happy, of course). IMHO, the report will be released just when the punters start to question &quot;where is the report?&quot; and just before the SP spike deflates. As for drilling, I&#039;d be amazed to see drilling before March and I am punting on Q2 2011. Hope to be wrong on the drill front but all my sources (non-BKP) confirm March at the earliest. Still, all will beleive what they want I guess.Enjoying the ride...Holding BKP @ .003c</blockquote>

[QUOTE="BESBS Player, post: 590365, member: 20934"] [b]Re: BKP - Baraka Petroleum[/b] Hi Beatle, Guess we will see. Certainly the punters are getting excited about the prospect of the Ryder-Scott report. Given the usual 'potential estimates' that such crowds release (ironic that only 1 in 10 drills usually have commercial success, and then only a few of those ever reach expected estimates), the SP is being driven up as the potential leverege is huge here. BKP are playing this very clever. SILENCE... We were meant to have the Ryder-Scott report before Sept 30 then see drill in October. Report still pending???No update on drilling??? FUNNY ABOUT THAT! Management held their nerve, the punters assume the report is due, so the SP is up now (and I am happy, of course). IMHO, the report will be released just when the punters start to question "where is the report?" and just before the SP spike deflates. As for drilling, I'd be amazed to see drilling before March and I am punting on Q2 2011. Hope to be wrong on the drill front but all my sources (non-BKP) confirm March at the earliest. Still, all will beleive what they want I guess. Enjoying the ride... Holding BKP @ .003c [/QUOTE]

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