BNP Resources Inc. V.BNX.A

RE: RE: Jensen

[Markian]

Keep on "estimating" all you want.  The key statement in your post was that "Murphy, Shell, CPG all have Bakken wells in the area producing at around 180-200bopd".  Producing is VERY different from swab testing or even a 24 hour flow test.  Most people that invest in O&G know that initial production rates (which aren't even presented here) aren't a great indicator of how good a well is going to do over its life or even its first three months.  That's why the more solid companies report stabilized production rates and not some mickey mouse swab test rates to get a short term lift from their promoting games.  That PR is from February 2010.  You're telling me that its only a matter of getting the proper equipment on that well for it to start pumping 80 barrels a day??  Why would Privco sell its half to BNP if that were the case? and what kind of magical equipment takes 18 months to install?

Another company you may want to invest in is Bronco Energy.  Huge upside and a ton of oil in place but they just can't seem to get it out of the ground (I'm sure its just an equipment issue).  Only read their older press releases and don't worry about why their share price has fallen off a cliff a few years ago (its probably just because of the crash of 08).

imho