TSXV:BNX.A - Post by User
Comment by
Markianon Sep 15, 2011 12:36pm
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Post# 19046053
RE: BNX info "07-08 Jensen
RE: BNX info "07-08 JensenHey JR, how much money have you lost on this stock that you have to continually beat this dead horse? Production talks and BS walks. If the Jensen pool was actually viable they'd be producing from it or would have found a partner to farmin on the property in order for them to get it up and running. Management is not stupid but trying to get oil from a crappy reservoir is not magic. 3 years from initial discovery to get something flowing tells everyone one thing and one thing only - the play does not and will not work. The Jensen pool isn't in some inaccessible location like the African jungle or the Arctic where its hard to get the oil to market or the proper service crews in. It's in southern alberta, I think there are enough service providers around to rework these wells to get them flowing if there was a reservoir to be had.
Be grateful of the recent uplift at 12 cents and sell your shares, move whatever money you have left to a different company and stop the bleeding. Your opportunity cost for not doing so is just adding to your already experienced losses.