CND - Condor Energy

[swm79]

Re: BKP - Baraka Petroleum

jancha - no, as YT has said, i dont think the market has understood the announcement.

punters didnt see the headline "massive oil deposit found" and sold on not understanding the technicals.

i'm not a geo and i dont fully understand the technicals myself, but i'm still holding... because they havent drilled we dont actually know anything.

but with the neighbours and the area that they're in i think it might only be a matter of time; and that's when the real money is made.

so i'm holding a while longer yet.

 

[jancha]

Re: BKP - Baraka Petroleum

jancha - no, as YT has said, i dont think the market has understood the announcement.

punters didnt see the headline "massive oil deposit found" and sold on not understanding the technicals.

i'm not a geo and i dont fully understand the technicals myself, but i'm still holding... because they havent drilled we dont actually know anything.

but with the neighbours and the area that they're in i think it might only be a matter of time; and that's when the real money is made.

so i'm holding a while longer yet.

Quite a large sell @ 28m in one minute. Dont think that i'd be selling because i couldn't understand technicalities of the announcement.
Anyway good luck with it.

 

[swm79]

Re: BKP - Baraka Petroleum

Quite a large sell @ 28m in one minute. Dont think that i'd be selling because i couldn't understand technicalities of the announcement.
Anyway good luck with it.

could be someone waiting to pick up an easy 20 or 30% on news

report released at 11.47 - that trade went through at 12:04.... is that enough time to make an informed decision as to what the technicals say??? i dont know.

either way the presentation told me that there are not just one but three working petroleum systems and several reserviors and that oil and gas generation has occured... and that they're going to have to do a lot more work to fully understand what is there themselves

 

[Bigukraine]

Re: BKP - Baraka Petroleum

could be someone waiting to pick up an easy 20 or 30% on news

report released at 11.47 - that trade went through at 12:04.... is that enough time to make an informed decision as to what the technicals say??? i dont know.

either way the presentation told me that there are not just one but three working petroleum systems and several reserviors and that oil and gas generation has occured... and that they're going to have to do a lot more work to fully understand what is there themselves

Only problem with what you have said is with their (BKP) limited funds (under $2 mill) a cap raise would prob be in the wings imo and again a dilution of share's / price ?

 

[swm79]

Re: BKP - Baraka Petroleum

that's true. i would think that they would need to raise funds. hopefully they'll do the right thing by sharholders and go with a renounceable rights issue rather than a placement

 

[happytown]

Re: BKP - Baraka Petroleum

the report's executive summary read badly, the cores were crap (the core with the strong oil stain isn't even from within BKP's permit areas), the neddy was really going on about the shale potential in the permits (hardly touched on in the exec summary), their best bet may be to let AEC farm-in (they are certainly keen to)

could the exec summary's 'technicalities' be a way of papering over the cracks

the following is telling from the report's executive summary

...

Oil shows of poor to fair quality have been recorded in a large number of wells

...

lots of wells but nothing decent

good luck to holders

marketrazon has landed
lead me to your taker

 

[Miner]

Re: BKP - Baraka Petroleum

I have been following BKP for some time including company's reports published, its website, ASX announcement, ASF postings and a new (old for many) forum called HC.

I am finding (sorry for extremist enthusiastics for BKP) there is some good correlation in the pattern between BKP and BCC.

If I am not shot by BKP lovers :rocketwho, I feel both the stocks are favourites of day traders with least technical strengths.

I am qualifying myself not to be an oil and gas expert or financial guru to understand this game. But sharing my novice thoughts without prejudice in this forum.

I was seriously considernig to invest on BKP but now finding it as hot potato and do not want to repeat my sin as I did on BCC

 

[swm79]

Re: BKP - Baraka Petroleum

I have been following BKP for some time including company's reports published, its website, ASX announcement, ASF postings and a new (old for many) forum called HC.

I am finding (sorry for extremist enthusiastics for BKP) there is some good correlation in the pattern between BKP and BCC.

If I am not shot by BKP lovers :rocketwho, I feel both the stocks are favourites of day traders with least technical strengths.

I am qualifying myself not to be an oil and gas expert or financial guru to understand this game. But sharing my novice thoughts without prejudice in this forum.

I was seriously considernig to invest on BKP but now finding it as hot potato and do not want to repeat my sin as I did on BCC

i understand your frustration Miner.

BCC has been, for those who got in ON the rise (including me) been a dog and has been probably THE most ramped shares on HC of 2009... but they are yet to live up to their expectations

i am by no means an extremist enthusiastic towards BKP, but i take it for what it is - a speccie with some prospective tennements.

i'm not too sure about the correlation between BCC and BKP though - unless you're talking about the amount of hype by traders and the naiive who think they will make 1800% in two days... i think if BKP DOES eventually move it will be bogged by the HUGE amount of paper out there for it and those who are looking for HUGE returns overnight will be thoroughly dissappointed.

a lot of the times its good to shut out the forums and stick with the facts of what has been published by the company. i'm not a geo, but from my limited understanding there is a case to be made for the potential of this company... call that a ramp, call it what you will but if i didnt feel that way i wouldnt be invested.

as you say traders have a field day with this one - providing them with 20-30 and 40% returns on rumour... but i think that can tell you that you could happily put a bid in at 0.005 and have 95% confidence that it will be filled.

whether you believe any of that or not or you think i'm a ramper etc etc is of no concern to me, i'm happy to put a few $$$ in (25% of my usual investment given its risk) this one and put it in the bottom draw for a while.

dont believe everything you read - especially on forums! you dont know what people's motivations are!!!

good luck

 

[Miner]

Re: BKP - Baraka Petroleum

i understand your frustration Miner.

BCC has been, for those who got in ON the rise (including me) been a dog and has been probably THE most ramped shares on HC of 2009... but they are yet to live up to their expectations

i am by no means an extremist enthusiastic towards BKP, but i take it for what it is - a speccie with some prospective tennements.

i'm not too sure about the correlation between BCC and BKP though - unless you're talking about the amount of hype by traders and the naiive who think they will make 1800% in two days... i think if BKP DOES eventually move it will be bogged by the HUGE amount of paper out there for it and those who are looking for HUGE returns overnight will be thoroughly dissappointed.

a lot of the times its good to shut out the forums and stick with the facts of what has been published by the company. i'm not a geo, but from my limited understanding there is a case to be made for the potential of this company... call that a ramp, call it what you will but if i didnt feel that way i wouldnt be invested.

as you say traders have a field day with this one - providing them with 20-30 and 40% returns on rumour... but i think that can tell you that you could happily put a bid in at 0.005 and have 95% confidence that it will be filled.

whether you believe any of that or not or you think i'm a ramper etc etc is of no concern to me, i'm happy to put a few $$$ in (25% of my usual investment given its risk) this one and put it in the bottom draw for a while.

dont believe everything you read - especially on forums! you dont know what people's motivations are!!!

good luck

Dear Swm79

where do I start ?

First of all thank you very much for considering a reply to my post.

It was a very well written thoughtful response. I do agree with your observation.

I could not consider you as a ramper at all. I have now developed an instinct (not a science) to watch for the signal of rampers. I have noticed some times rampers do post good quality information so that ramping takes on face value. Rest assured you were not at all been considered to be one of them. I would refrain to share my observation of those postings but have observed them mainly in BCC, BKP and GCR.

:topicIMO David H or the Speculator from Eureka Reports, is a great ramper and has many followers (including me). I always read all of his articles with a pinch of salt and now make my own judgement. I would not be surprised if Dave reads ASF too and will soon come out with BKP as his hit list.


I was however intrigued by the end statement in your message footer. Honestly could not understand and did a Google Search. Do you know in Google search your positngs from ASF came as the fourt item ? Great outcome to see how ASF gets searched by Google (Joe - are you listening and take a credit mate).

Veteri Frondescit Honore comes out with this explanation:

But memories remain. The Green Dragon of The Buffs can still be worn by those who served. In Books of Remembrance, at Canterbury and at Dover, Charles Brading is commemorated. “Veteri Frondescit Honore”. That is the motto of The Buffs, Charlie’s regiment, and it is a fitting epitaph to his name. It means, "with its ancient honour it is evergreen".

Bottom line swm79 - A person like you who can use such an excellent reference back to history IMO does not meet the specification of a ramper. So enjoy. :thankyou:

 

[swm79]

Re: BKP - Baraka Petroleum

Dear Swm79

where do I start ?

First of all thank you very much for considering a reply to my post.

It was a very well written thoughtful response. I do agree with your observation.

I could not consider you as a ramper at all. I have now developed an instinct (not a science) to watch for the signal of rampers. I have noticed some times rampers do post good quality information so that ramping takes on face value. Rest assured you were not at all been considered to be one of them. I would refrain to share my observation of those postings but have observed them mainly in BCC, BKP and GCR.

:topicIMO David H or the Speculator from Eureka Reports, is a great ramper and has many followers (including me). I always read all of his articles with a pinch of salt and now make my own judgement. I would not be surprised if Dave reads ASF too and will soon come out with BKP as his hit list.


I was however intrigued by the end statement in your message footer. Honestly could not understand and did a Google Search. Do you know in Google search your positngs from ASF came as the fourt item ? Great outcome to see how ASF gets searched by Google (Joe - are you listening and take a credit mate).

Veteri Frondescit Honore comes out with this explanation:

But memories remain. The Green Dragon of The Buffs can still be worn by those who served. In Books of Remembrance, at Canterbury and at Dover, Charles Brading is commemorated. “Veteri Frondescit Honore”. That is the motto of The Buffs, Charlie’s regiment, and it is a fitting epitaph to his name. It means, "with its ancient honour it is evergreen".

Bottom line swm79 - A person like you who can use such an excellent reference back to history IMO does not meet the specification of a ramper. So enjoy. :thankyou:

thanks for the kind words Miner.

i also get the Eureka Report. i dont follow DH though. i did in the beginning because you could actually hit his entry price on the day after his recommendation and make some seriously easy money, but a few months later it became ridiculous.

i made a bit of money on ROL (wish i hadnt sold that one when i did!!!!) and a few others, but its hard work out there these days... if you want to follow DH you can still get his entry but you'll need to be prepared to sit and wait for the SP to strike your bid.

i understand what you're saying about him though - easy to make your portfolio look brilliant with lots of supporters forming a base for you and the SP constantly spiking the next day forcing some buyers in WAY above his entry point... i'd love that control!

if you can stay one step ahead of DH that where the fun begins... i have no possible way of knowing how to do it but i have fluked it a few times - i managed to do it with ERM, EMU and BUL and sold on his spike... didnt get OBJ though - stupidly sold that at 1.2c

i dont usually trade like that but i'm keen to lock in my profits and preserve my capital this year considering the gut wrenchingly bad year i had last year

if DH buys into BKP i'll have to take it that he's stalking me although i wouldnt like to predict that he would be here any time soon as BKP's balance sheet isnt clean enough for that yet.

if they do a CR and clear the debt and build enough cash for a drill then re-drill and flowtest Elk7A i wouldnt doubt that he would be sniffing around

good spotting on the footer there Miner. however, your source relates to the english military "Buffs". my motto is that of an australian infantry brigade which carried the same.

 

[Datsun Disguise]

Re: BKP - Baraka Petroleum

Did anyone else see the 50m volume trade go through on Friday? Took out the entire level at .006 - which was good as support seemed to be waning for the stock with a dip down into .004 looking possible before this guy/girl swooped in.

 

[Bigukraine]

Re: BKP - Baraka Petroleum

Did anyone else see the 50m volume trade go through on Friday? Took out the entire level at .006 - which was good as support seemed to be waning for the stock with a dip down into .004 looking possible before this guy/girl swooped in.

Yeah i saw this happen and i would like to add an approx $150k trade for ctp was done at around the same time . Someone taking a position in the area? who know's but was interesting to see.:dunno:

 

[Liar's Poker]

Re: BKP - Baraka Petroleum

BKP's Quarterly Activities Report and Cashflow was released on Friday (29th January 2010).

IMO, it doesn't really have anything in it that we didn't already know. Still the same marketing pitch about how much attention the area is getting and how good results are being experienced nearby.

Someone needs to tell them that to save the marketing pitch, unless good results are coming out of EP127 and EP128.

There was some mention of discussions regarding future opportunities. Volume looks to have remained consistent after the announcement.

Note: Currently holding BKP

 

[Liar's Poker]

Re: BKP - Baraka Petroleum

Did anyone see the 14,250,000 volume go through on the 11th of Feb?

Took out the entire .004 level.

I couldn't find any information to justify the increased interest. It will be interesting to see if it happens again at .004 (today).

Note: Currently holding BKP

 

[dan-o]

Re: BKP - Baraka Petroleum

this one is back up to 0.5 today on low volume. all has gone quiet here..
anyone know anything whats happening at BKP?

 

[Bigukraine]

Re: BKP - Baraka Petroleum

this one is back up to 0.5 today on low volume. all has gone quiet here..
anyone know anything whats happening at BKP?

Have a read on bkp's web site or ann on the asx (BKP) a farm in was ann giving bkp funds for further exploration in 127/128 hope this helps!

 

[BESBS Player]

Re: BKP - Baraka Petroleum

G'day all,

It has taken close to one month to get stock at .003c - hopefully it shall be worth the patience.

My understanding is that BKP could see drilling in the Georgina Basin prior to Christmas.
EP 127 and EP 128 (BKP have retained 25% with unlisted partners N.T.Oil and have farmed out 50% to Georgina Basins Ltd). As part of the JV, Georgina are to provide a resource estimate (due soon).

While the evaluation is not out, it seems odd that a Canadian based firm would farm in for a 50% play and foot the bill for the report unless they thought that the prospects showed some promise. BKP are the only Australian listed player in this activity at present.

At .003c, the leverege for success is significant. Historically, BKP is around all-time low prices.
In the past, as late as Dec. 2009 (and remember that the markets were still shaky then), BKP ran to .009c on 'nearology' with some CTP leases. This time, assuming that all progresses as planned and we see drilling by Christmas, BKP could easily turn into a trader's play toy.

There are no guarantees here but this one ticks enough boxes for me to take a punt at this level.

Holding at .003c

 

[BESBS Player]

Re: BKP - Baraka Petroleum

We should be getting closer to some action in the South Georgina Basin.

I have copied this post from Katandra at HC.

"I believe that Ryder Scott has estimated that the Arthur Creek shale, which AEC sees as an analogue to the Bakken Shale in SW Saskatchewan, contains an unrisked, undiscovered, best prospective resource of 8.9 billion barrels of oil in EP 103 and EP 104 only. Ryder Scott are currently preparing a resource estimate for EP 127 and 128. The release of that report later this month, along with more details on the timing of Macintyre #2" , should see BKP moving.

Holding BKP at .003c

 

[BESBS Player]

Re: BKP - Baraka Petroleum

It looks like we are seeing the first obvious interest in BKP. Over 58m shares sold today (a large amount for BKP) and SP has moved from a dribble at
.003c to touching .005c at times today.

Watching carefully...bring on the Ryder Scott resource estimation! If it is anything like the recent report for EP 103 and 104, then this will get trader interest in a hurry.


Holding BKP at .003c

 

[BESBS Player]

Re: BKP - Baraka Petroleum

Large volumes through, today.

Looks like some traders are getting loaded up...


Holding BKP at .003c