Kolibri Global Energy Inc BNKPF

RE: RE: Re:Reason!

[Awarded]

Fortuitously, my time limit order was filled in the early hours of yesterday.  Perhaps my reason for purchasing is the reason why BKX is taking off.

First, a Dec 8 analyst report by TD Newcrest said the following. 

"We are increasing our target price for BNK to C$4.00 (from C$3.50) due to an increase in our Fully-risked
NAVPS estimate. Our outlook for BNK Petroleum is unchanged, but we are upgrading our recommendation to
a BUY (from Hold) as the current stock price now represents a 32.5% return to target. For those that don’t yet
have exposure to shale gas potential in northern Poland that we expect to be tested through Q1/11, we
recommend buying, particularly on any further weakness."

That caught my interest and I began some due diligence.  Next I noticed that BKX has some production already.  That met one of my criteria.

The main thing, however, was the prospect in Poland.  Wanting to know if anyone had found shale gas in Poland, I did an internet search that turned up nothing.  Next, I went to this board and read the translated link posted by Fiftysixyo that showed  pictures and a news report of gas flaring from the Conoco-Philips concession.   As Fiftysixyo reported, that appears to be the first gas discovery in Poland.

Next, I did a goggle maps search of the Conoco discovery and how close it is to BKX concession.  It appears to be very close to BKX's Slulpst concession and Talisman Energy's concession. 

At any rate, I thank Fiftysixyo for pointing out Conoco's first Poland well flares gas!. That was excellent detective work that definitely deserved the 5 star rating!  In large part, I think Fiftysixyo is responsible for the surge in interest.  Some evidence for my contention is that 379 people have read Fiftysixyo's post, but only 137 read the one before and 184 the one after.