RE: RE: opinion Guys, I too am a share holder of BNK and am presently underwater. I listen to the AGM twice and the one thing that I found interesting and helping me sleep better was when he was talking about the water problems. After describing how the water was entering the oil zone and then describing how they were using cement plugs etc to fix the problem, what I found interesting was in his next comments. He talked about if you have a well producing 150 BOPD and you then drill a well right beside this well, you get water that is fresh and from a shallower formation. The next part of what he said is what I picked up on and had to listen too a few time was when he said " what we have seen is that the water cut is decreasing and the oil content is increasing, that its fixable" to me this means that although he didn't elaborate further, my interpretation is that in the wells they have repaired with cement are now producing oil and the water cut is decreasing to that of the original well. I guess we will see in a week on the operational update.
good luck, long on bnk