Kolibri Global Energy Inc BNKPF

Growth

[wittmann]

Any company on this planet that has no growth prospects will disappear. Its such a simple concept its not worth debating.The only chance company's in this position have is value of it's assets....that can be bought.In Bkx's case those assets dwindle by the week because of the depletion of fracked wells.Without replacement prospects this company will die.
Too many self proclaimed oil experts on this and other BBs ignore depletion rates on fracked wells.Its much higher than traditional wells.This company needs money or it will cease to exist in a years time.

[BrokerG]

Don't think you will get a response arguing that one from carbonbull. I have been saying that for a year. I think those previous offers are probably looking pretty good right now.  Carbonbull is correct however in saying that we are worth more than .08 cents a share. Current market cap of 20 million. In July, when they were discussing the offers, I am quite sure these other firms were

[wittmann]

Carbonbull is merely hopefull at this point.His arguments are based on conjecture, not facts.Theres nothing to suggest upside in oil long term....nothing. This could change however the glory days of oil appear to be over.Although the world will always need oil,sentiment rules.Potash for example is the same.The world needs it but investors don't care. The problem with oil is not only flip

[BrokerG]

My point exactly wittman. At current valuation BNK is now sitting at a market cap of $20 million. The market is saying that our total reserves, land, buildings. all assets - bank loan of 27 million + tax loss provisions is worth 20 million. That seems is little low. Exxon spends more on lunch every day than 20 million. Surely XTO [ an Exxon firm] is willing to pay us 50 to 60 million.  Board