RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: Ne Considering I have heard rumors that more than one company have recently hit wells over 1000 BOPD in the area . It wouldn't take much for a few of those wells to be worth more than the current market cap of BWD . Seeing how there is barely any land left in the area and what is left is selling for a premium. Then you have to buy out current players in the area if you want in on the action. BWD being the most likely target .
If Bwd doesnt have the management to take care of business themselves. But we sit and wait to see where the chips fall . I am still surprised that this company has fallen even more after press releases of other discoveries.
Argosy is one of the only other micro cap juniors playing the AB Bakken . They have 20mm in debt 1/3 of the land and close to the same market cap . But they are down over 30 % for the month after the announcment on their discovery . The market just doesn't see the potential Upside and cashflow of these high impact wells ?