CND - Condor Energy

[yogi-in-oz]

BKP updated ..... 16122005:



Hi folks,

BKP ..... looks reasonable, until latter half
of January 2006 .... then throughout the
whole of February there's an underlying
negative tone that may undermine any
positive sentiment, during that month.

March and April 2006 look more positive
for BKP .....

Key dates ahead for BKP, may be:

27-28122005 ..... minor news

06-09012006 ..... minor and positive

13-16022006 ..... minor and positive news

20-23012006 ..... significant and negative

From 23012006 - 27022006 there will likely
be some significant negative sentiment
underlying BKP, even though we may well
see some good news released, during that
time frame ... BIG news/move,
between 27012006 and 13022006 ... ???

Key dates in February 2006, may be:

02022006 ..... negative news

05- 06022006 ..... a long cycle and a negative
spotlight on BKP, here ...???

09-13022006 ..... positive ... financial???

20022006 ... significant & positive news?

08032006 ..... positive spotlight on BKP

16032006 ..... positive news? ..... same
price as 20022006 ???

23-27032006 ..... negative changes to
finances .....???

2903-10042006 ... BIG news/move here,
may be triggered by some positive news
on 05042006 ..... same price as 20022006
and/or 16032006??

07042006 ..... minor changes

10042006 ..... long cycle here, so may
go flat for a couple of days.

21-24042006 ..... significant and positive,
... finance -related???

happy days

yogi

 

[noirua]

Re: BKP - Baraka Petroleum

Radio Report by Mr Max de Vietri, MD and CEO of Baraka Petroleum. A long report that is interesting if you concentrate, as clearness is not the MD and CEO's best point.

Baraka means " good luck " infact " bloody good luck " he says, and he wants you to buy heaps of shares in BKP, with the advice of your broker. " We are Very, very quick, as a board " says he. WE are " go, go getters ".

West Africa is the area of exploration and there are 8 tenements.

http://www.brr.com.au/event/BKP/1688/12910

http://www.barakapetroleum.com/ENGLISH/english_index.html

 

[MalteseBull]

Re: BKP - Baraka Petroleum

up 8% today on yesterday's announcment that they have closed the capital raising.. should expect some nice returns in the future provided they spud in Q3

 

[MalteseBull]

Re: BKP - Baraka Petroleum

20c almost chomped

buyers building nicely now.. with oil at $62 BKP is a bargain!

 

[doctorj]

Re: BKP - Baraka Petroleum

20c almost chomped

buyers building nicely now.. with oil at $62 BKP is a bargain!

I'm not saying I agree or disagree, but why do you think it is a bargain?

 

[MalteseBull]

Re: BKP - Baraka Petroleum

I'm not saying I agree or disagree, but why do you think it is a bargain?

if you take a look at the graphs of WPL and BKP you'll find that when oil prices were at there highest.. both these share prices were at their highest too..with oil prices at a low now's the time to buy .. unless ofcourse you rather wait for them to reach their peaks

 

[doctorj]

Re: BKP - Baraka Petroleum

if you take a look at the graphs of WPL and BKP you'll find that when oil prices were at there highest.. both these share prices were at their highest too..with oil prices at a low now's the time to buy .. unless ofcourse you rather wait for them to reach their peaks

Good point, the difference of course is that WPL is a substantial producer of oil and gas and BKP hopes to be some day. Buying the dips is a tried and true long term strategy where you are confident with the long term prospects of the company. Good luck.

I'm still not quite convinced when it comes to BKP. I have some doubts over the quality of their tenements. That said, they've got a very charismatic management team (I'd put him in the same ball park as Twiggy when it comes to enthusiasm and the ability to sell a dream).

BKPO lists tomorrow. Keep an eye out.

 

[MalteseBull]

Re: BKP - Baraka Petroleum

significant interest in it
i have been watching it for the last 2 hours and the volume at 20c on seller side has dropped from 800,000 to 200,000

 

[MalteseBull]

Re: BKP - Baraka Petroleum

20c cleared

 

[MalteseBull]

Re: BKP - Baraka Petroleum

buyers building at 20cps... currently .205

should see 21-22

 

[doctorj]

Re: BKP - Baraka Petroleum

I'm glad BKP is going well for you today, but we don't really need live updates.

Please try to post only when you have something new to contribute.

 

[MalteseBull]

Re: BKP - Baraka Petroleum

I'm glad BKP is going well for you today, but we don't really need live updates.

Please try to post only when you have something new to contribute.

my humble apologies doctorj..

21c

 

[MalteseBull]

Re: BKP - Baraka Petroleum

BKPO lists today for anyone interested..

BKP up 2 cents to 23 at the moment with good buying depth

 

[MalteseBull]

Re: BKP - Baraka Petroleum

should see it at .30 today,

over the last fornight, there has been a constant support level for this stock,

check out the graph too..

 

[MalteseBull]

Re: BKP - Baraka Petroleum

hit 30c today on update of Heron-1..
Good support at .29c

 

[saltyjones]

Re: BKP - Baraka Petroleum

if they hit paydirt at the 2000 metre primary target in a week or so the upside is tremendous. if it comes a duster then i suppose there is always the secondary target at 3800 metres to pray for.

 

[MalteseBull]

Re: BKP - Baraka Petroleum

if they hit paydirt at the 2000 metre primary target in a week or so the upside is tremendous. if it comes a duster then i suppose there is always the secondary target at 3800 metres to pray for.

are you sure it's a week? or do they give us weekly updates??

In the announcements it states 70-80 days for completion..

 

[saltyjones]

Re: BKP - Baraka Petroleum

are you sure it's a week? or do they give us weekly updates??

In the announcements it states 70-80 days for completion..

the primary target is at 2000 metres with a secondary target at 3800 metres & thus a 80 day drill time. there was a drilling delay (for drill parts sent from china) so now i believe their primary target may be reached next week. if the well hits hydrocarbons then a good sp spike. if it is a duster i suppose the consensus is that the sp will fall back to 20 cents. it is a company with enormous prospects in mali so not all is lost if heron 1 comes up dry.

 

[Holiday]

Re: BKP - Baraka Petroleum

Just in case you're still following. Hopefully more of this to come. They're right at the primary objective.

Sydney - Tuesday - November 28: (RWE Australian Business News) -
Australian based oil and gas exploration company Baraka Petroleum
Limited (ASX: BKP) has been provided with an update on the drilling of
Heron-1 within Coastal Block 20 in Mauritania by operator and joint
venture partner CNPC International Mauritania Limited (CNPCIM).
The land-drilling rig ZJ50LDB operated by drilling operator GWDC
(Great Wall Drilling Company) has continued drilling the CNPCIM operated
Heron-1 exploration well in coastal Block 20 onshore Mauritania, West
Africa.
The well was drilling ahead at a depth of 2024 metres in 12 and
one quarter inch hole.
The well has encountered fluorescence over a gross interval from
1811-1875 metres and gas shows over a gross interval from 1857-1875
metres in interbedded sandstones and shales.
The Total Depth is proposed at 3800m.

Have a look at this company's prospects at www.barakapetroleum.com.

 

[Holiday]

Re: BKP - Baraka Petroleum

Just updating..32 now.

Prior to spud it had 2 stacked drill objectives with an approx. 20% chance of success. 1st objective at 2200m(Cenomanian sands). 2nd objective at 3600m(Aptian/Albian sands). After the shows announced this week...I don't really know,but I doubt it would be less chance of success.

Prospective resources(unrisked) =209MMbbl. Baraka's share is 73MMbbl. NPV10 Baraka's share =US$445m.

Then there's the Taoudeni Basin in Mali -193,000 sq kms-(JV ENI and Sonatrach)-potential 645MMbbl + 9.2 Tcf and Mauritania -69000 sq km-(JV with Woodside)-potential 722MMbbl + 2.5 Tcf-(unrisked prospective resources). The NPV10 for these is an awful lot of $US.

There is great potential for further leads in all projects as has been discussed by other posters. The good part is that it's early days share price wise. There is a long way to go though but things are looking good so far. Highly speculative but well worth a look. Further info at www.barakapetroleum.com.