CND - Condor Energy

[the bank]

Re: BKP - Baraka Petroleum

Greggy i couldn't agree more on the prospective value of BKP. I hate to sound like Wysiwyg, but suppose ISIS reports come back negative, what other assets/options do BKP have?
I hold $500 of this stock, just unsure whether/when to pump some more $$ in!
Cheers

 

[greggy]

Re: BKP - Baraka Petroleum

Greggy i couldn't agree more on the prospective value of BKP. I hate to sound like Wysiwyg, but suppose ISIS reports come back negative, what other assets/options do BKP have?
I hold $500 of this stock, just unsure whether/when to pump some more $$ in!
Cheers

The bank,

I can't wait for the ISIS consultant's report about the prospectivity of BKP's permits.
Could it possibly be the case that there are multiple prospects with potential for "hundreds of million of barrels of oil" and multiples of TCF of gas on BKP's permits just like CTP's nearby? The Georgina Basin is considered to be the most prospective basin for oil and gas in the NT.
BKP is also looking at several possible acquisitions as we speak.
I'm not a financial adviser and therefore can't advise whether you should buy any more shares.
DYOR

 

[nomore4s]

Re: BKP - Baraka Petroleum

I have deleted the last 5 posts in this thread because of the low content in them. While some were borderline and could have stayed I have deleted them all because they didn't add anything to this thread.

We don't really need posts speculating about the orders going through as we don't know the buyers or the sellers reasons for their actions.

Let's try and keep up the content in our posts in this thread and make it worthwhile for everyone.

Thank you.

 

[YOUNG_TRADER]

Re: BKP - Baraka Petroleum

BKPs re-rating will happen shortly imo as there are 2 imminent catalysts

1. The company is completing a resource estimation for its 2 Gergian Basin permits near CTP's grounds

"Isis will initially assist Baraka with a full technical review of the petroleum systems
within EP 127 and EP 128 as well as prepare a prospective resource assessment for each
of the plays, leads and prospects identified within the permits."

Given the huge prospective resources CTP have outlined all around BKP (see the image attached) ie next door CTP have outline a possible 650M bls of Oil and 50 TCF of CSG it is not unreasonable to expect BKP to come out with prospective resources of 100M-200M bls of Oil as well as 5-15TCF of CSG

Now even though these resources will be prospective targets in nature it will be enough to ignite the markets interest and I would suspect a re-rating to possibly 1.5c will occur


2. The company is also on the acquisition path and I would suspect that a new project may be acquired in the not to distant future that is assuming a suitable one can be found



DYOR as these are my thoughts only but as I said from the start this reminds me alot of LKO around the 0.005c level prior to the experts report which the company said time and time again was coming and subsequently saw the share price rise to 1.8c

 

[greggy]

Re: BKP - Baraka Petroleum

BKPs re-rating will happen shortly imo as there are 2 imminent catalysts

1. The company is completing a resource estimation for its 2 Gergian Basin permits near CTP's grounds

"Isis will initially assist Baraka with a full technical review of the petroleum systems
within EP 127 and EP 128 as well as prepare a prospective resource assessment for each
of the plays, leads and prospects identified within the permits."

Given the huge prospective resources CTP have outlined all around BKP (see the image attached) ie next door CTP have outline a possible 650M bls of Oil and 50 TCF of CSG it is not unreasonable to expect BKP to come out with prospective resources of 100M-200M bls of Oil as well as 5-15TCF of CSG

Now even though these resources will be prospective targets in nature it will be enough to ignite the markets interest and I would suspect a re-rating to possibly 1.5c will occur


2. The company is also on the acquisition path and I would suspect that a new project may be acquired in the not to distant future that is assuming a suitable one can be found



DYOR as these are my thoughts only but as I said from the start this reminds me alot of LKO around the 0.005c level prior to the experts report which the company said time and time again was coming and subsequently saw the share price rise to 1.8c

Hi Young Trader,

Excellent post mate. Your research keeps on getting even better.
Today for the benefit of interested parties, I rang Colin Vost, a Director of BKP on (08) 9363 1700 and spoke to him about BKP for 6 minutes. I found him to be very informative and happy to answer questions that he could indeed reply to.
Firstly, I asked him how long it will take for the company to receive the ISIS consultancy report. He told me that they should surely receive it within a month at the latest. This report will be highlighting potential targets and sizes. I asked him whether its possible as to whether BKP's permits might contain similar targets to CTPs ATP912 which is closeby. In this CTP permit theres potential for 650 million barrels of oil and 50 TCF of Gas. Colin says that the company is optimistic about the prospectivity of the region and that the company is hoping for targets of a similar size. However, it will up to ISIS to come up with the report.

Secondly, I asked him about the company's cash position and he informed me that BKP had more than sufficient cash to survive and do considerable work on BKP's 2 permits. The company has low overheads and is debt free.

Down the track, a larger company might approach the company about a potential farm-in and therefore free carry BKP. I speculated that this possibility down the track might end up with BKP having a 20% free carried interest, to which he said it might be a possibility down the track. It was noted that there was considerable interest in the NT region as it stands.

Thirdly, BKP has already stated that it was looking for new acquisitions. Colin said it might weeks in a couple of instances or months in others before a deal is sealed. The opportunites on the table include outside the oil and gas sector. Previously he told me there were 8 acquisitions on the table that the board was looking at including coal (CSM?). He didn't want to go any further than he has already due to ASX rules.

DYOR

 

[the bank]

Re: BKP - Baraka Petroleum

What do you think about the buyer:seller ratio for BKP Greggy? Also, any thoughts about the nature/reasons for the large volume? Scared shareholders or excitement?

 

[BESBS Player]

Re: BKP - Baraka Petroleum

G'day all.

Managed to buy into BKP over the last fortnight.

ISIS report offers a great chance of a quick SP spike IF the news is positive (call me cynical but firms that produce poor estimates at this stage of the process don't tend to stay in work for that long!).

SP seems to have a solid platform at .005c.

Happy to watch and see if we do get a spike...


Holding BKP at .005c

 

[BESBS Player]

Re: BKP - Baraka Petroleum

Draft released.

Management state "Very encouraging"...buyers moving in...full report probably next week.

Nice move. Management keep investors informed and start to build attention and SP expectation/movement for the big announcement.


Holding BKP at .005c

 

[swm79]

Re: BKP - Baraka Petroleum

Draft released.

Management state "Very encouraging"...buyers moving in...full report probably next week.

Nice move. Management keep investors informed and start to build attention and SP expectation/movement for the big announcement.


Holding BKP at .005c

g'day BESBS

i've been holding this one for a few months now... there was a bit more volitility in it when i first got in so i only managed a 0.006 entry point.

seems like any good piece of news will get this one off the ground - with the nearology of CTP

great to see the ISIS report being finalised, should get more news after that

may be something similar to LKO

report is "extremely encouraging"... well now i'm extremely encouraged!!!

only thing that concerns me is the small amount of cash onboard... another CR?... i'd hate to see any MORE paper out there

very happy that these guys have two bites of the cherry - dulsie and toko

been flying under the radar - time something put a stop to that.... isis maybe??

good luck

 

[adobee]

Re: BKP - Baraka Petroleum

they need to update there details.. whenever i look at a brokerage platform for reasearch it states that they are in the congo or somewhere no mention of central NT.

CTP starts drilling shortly, should be results in December.. Should have some nearology affects.. but CTP is the sultan of NT

 

[swm79]

Re: BKP - Baraka Petroleum

they need to update there details.. whenever i look at a brokerage platform for reasearch it states that they are in the congo or somewhere no mention of central NT.

CTP starts drilling shortly, should be results in December.. Should have some nearology affects.. but CTP is the sultan of NT

check YT's posts and you'll see where the tenements are.

was in CTP a while ago and need to get back in but just dont have the available funds at the moment

any spotlight on CTP will be good for BKP IMO

 

[knighty]

Re: BKP - Baraka Petroleum

There seems to a fair bit of rading in this today. I wonder if this is due to the latest release of test drilling? Any ideas? it seems to be fluctuating a bit

 

[quarky]

Re: BKP - Baraka Petroleum

There seems to a fair bit of rading in this today. I wonder if this is due to the latest release of test drilling? Any ideas? it seems to be fluctuating a bit

opened at 0.006
it reached a high of 0.009
with sellers at 0.009 outnumbering buyers at 0.008 (with the majority asking at 0.007)

i've been watching this stock for several weeks now and really feel like i should have gotten in on the action but with details so skint about this company, i didn't have the courage.

now, it's gotten a bit more spotlight and the ISIS report looks like it'll bring more to the table, and BKP should then break the 0.01 price

 

[swm79]

Re: BKP - Baraka Petroleum

i'd say it would have very much to do with the draft test drilling being quoted as "extremely encouraging" and long termers who were in at 0.005 taking profits at 0.008... 60% is nice in anyones business.

possibly willing to test their hand at getting back onboard at a lower price when the hype settles down in a few days.... still a relatively unknown share flying under the radar IMO

 

[Sweet Synergy]

Re: BKP - Baraka Petroleum

Wow, exceptionally nice volume on friday, so thought I'd post a chart.

Biggest volume day to date for BKP. With a momentum push like this and having broken into the gap .... it's quite likely to run hard.

 

[BESBS Player]

Re: BKP - Baraka Petroleum

Expect BKP to run further still as we now know that the ISIS report is due to be released any time and it has already been tagged as 'Very Encouraging" by management. Nice hint, eh! I'll be holding through to the full report then make any decision.


Holding at .005c

 

[swm79]

Re: BKP - Baraka Petroleum

Expect BKP to run further still as we now know that the ISIS report is due to be released any time and it has already been tagged as 'Very Encouraging" by management. Nice hint, eh! I'll be holding through to the full report then make any decision.


Holding at .005c

i agree... will be interesting to see what she does when the actual report is released.... i wonder what "extremely encouraging" means?

nice hint and nice time for employees, family, friends, neighbours, dogs etc etc etc etc to take up a holding before the actual release of the report(providing it is good)!

cant say we'd be waiting too long for the actual report to come out - ASX might push them into releasing if there's much of a delay

 

[Datsun Disguise]

Re: BKP - Baraka Petroleum

So Central is an obvious company to do a comparison with - I have'nt done anything more than a thumbnail sketch, and am yet to read the CTP thread properly but it seems that CTP has not reported any results yet and does not hold anything but targets. Shortly BKP should be in a similar position following this report being published.

Looking at CTP's market cap and translating that to BKP gives price of 4.9c - assuming that BKP ends up with the same types of ttargets as CTP. So once the report is published we should be able to add a pretty simple factor (depending on tagets as a % of CTP's) to get a reasonable idea of what BKP should run to. I always add an 'alpha'aount ot fair value for the price over-run as the herd gets carried away.

Hopefully this will provide my first multi-bagger for 2009!! (It's been a long long time since my last....)

So who can crush my dreams with some cold hard facts off the top of their head?

 

[metal_loz]

Re: BKP - Baraka Petroleum

I think I have left it a little late to get in on the action. I don't know if I want to buy in at 0.8c.

 

[nomore4s]

Re: BKP - Baraka Petroleum

I think I have left it a little late to get in on the action. I don't know if I want to buy in at 0.8c.

metal_loz,

Can you please add some more reasoning to this post. Why do you think it is too late to get in and why don't you want to buy @ 0.8c?

This is a reminder to all posters that ASF expects a high standard of posting in the stock threads to keep the quality content up for the benefit of all users of the site. Posts like the above would normally be removed so to save wasting both your time and the mods time please try to add some useful content.

Thank you.