Hi Blanker,Thanks for everyones comments. Thought I would contribute with this item, you may have already seen: http://conferences.minerals.nt.gov.au/cabsproceedings/Final_papers/P04_Boreham_Ambrose.pdf
I entered this stock today.
starting to see a litle bit of movement in the price here... up from .005, then to .06 and now today at .007
MACD has pushed through 0 and we're starting to see a bit of divergence - as expected with suck a quick rise in a short time.
nice to see the line up of buyers at .005 and .006 - more than double todays volume (so far) in each of those - indicating support
heyyyyyy ! something going on here this am. Looks like string buying to me. approx 16 buy's at 200,000 or 250,000 over a 12min time span and not comming from the buyer's line up (still the same amount in line) could be a good sign cosidering mkt opened week !
Good announcement today. The appointment of ISIS indicates that BKP is serious about moving forward with its 2 NT permits. Of particvular interest is that ISIS will be preparing a prospective resource assessment for each of the plays, leads and prospects identified within the permits. Should the estimates be high the sp should react accordingly.
Hence, BKP has recovered from its earlier lows today and is having a number of sales at 0.7c. Considering how much the market is down, a very impressive result.
If today had been a good day for the market BKP might have gone to at least 1c on this news.
DYOR
looking forward to the isis reports and if good we will see alot more improv. yet. True the market was flat but volumes were great came in 3rd overall today on resonable news. like you imo will only get better .:alcohol:
As per Sweet Synergy's great chart, should BKP go above 0.8c in the near future, theres a gap to fill between 08.c and 3c.
I see where you're coming from, but just the same if this share were to go above 0.8c, theres considerable potential for a strong rally as one can construe from your message that it will be in uncharted territory, a bullish sign.Hi Greggy,
Just a quick note on this. That gap isn't really a gap in the true sense due to the fact this stock didn't trade between April 08 and July 09 and is a re-cap.
While I agree that this stock might be due for a re-rating as per some of the reasons stated in this thread the technical reasons for the gap being filled are no longer valid.
I see where you're coming from, but just the same if this share were to go above 0.8c, theres considerable potential for a strong rally as one can construe from your message that it will be in uncharted territory, a bullish sign.
Hello nomore4s, you do raise a good point - that is a valid reason why BKP may not follow historic price patterns. However, I think that's only half the story - we still have the same stock only rebranded with respect to exploration of the same resource but within a different region, perhaps more shares on issue, and a change in management. BKP, however, is still a petroleum/gas-based company with a long trading history under the same name Baraka Petroleum. Thus, this will most likely attract the same or similar types of shareholders and arguably with the same trading style. Given there is at least a visible historic price map for this company on the charts, I would suspect key pivotal points, such as past resistance and support lines, would still serve as valid contraction points. I myself have drawn these key support/resistance lines based on past history (and perhaps others have as well) although whether they're still valid, the jury I suppose is still out. Privately, I'd contend that they are but it would be best to wait and see. Best of luck.
I won't duel on the issue but here's a chart to demonstrate my point. View Resources (VRE) was delisted and then relisted, although technical parameters were still valid.
Couldn't agree more Greggy. With energy being the next hot sector, BKP imo is well placed to making significant future share price gains.
I have to say I was impressed with the latest announcement, not only for the content (eg. having ISIS consultants onboard) but also with the informational style and delivery of that content....it was almost as if they had been reading our minds (or was it our threads...LOL).
Anyway, they certainly appear to be capable of promoting themselves well, which for many small / med cap stocks is often a limiting barrier to capturing market attention and appeal.
cheers.
What do I detect a hint of there.I have to say I was impressed with the latest announcement, not only for the content (eg. having ISIS consultants onboard) but also with the informational style and delivery of that content..
There is no current or historic hydrocarbon production in the Georgina Basin, and the minimal exploration activities to date have been related to the identification of minerals. 18 wells have been drilled in this area and none tested valid structural closures.
Early exploration in the Georgina Basin consisted of stratigraphic holes or wells whose location was based on surface geological mapping. This included a number of wells drilled in the 1950s and 1960s, culminating in the Ethabuka-1 well in Queensland which recovered gas at 6,000 m3 per day (240,000 cfd) on test.
What do I detect a hint of there.No doubt BKP are into an area of hope with no proven oil or gas producing wells in the Georgina Basin.
No valid structural closures but over in Queensland there was some gas found.
As usual, do your own research.
Probably a fizzer and better chance in the Taoudeni Basin.Further down the line looks good. :hide:
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