BNP Resources Inc. V.BNX.A

RE: RE: RE: BNX Q2 this week

[YoungInvestor89]

A halt on this stock would probably make my year.

Waterhouse has a new and flashy Thompson Reiters report on us on the right hand side where you usually see insider holdings... Doesn't say much but the fact that we've been recognized is important in itself.

Someone seems to enjoy pushing this thing down. I imagine if the current recovery of both the TSX and TSX-v maintain we'll see a bit more liquidating since this thing will surely underperform the market and people are going to want to spring on other opportunities. Wouldn't mind more selling in the 4-5c range but news has to be coming out sooner rather than later.

I was reading old news releases... this thing has potential. 3 wells @ 50 boe/day @ $80 a barrel and assuming a 50% profit margin after expenses and costs makes this thing a very juicy candidate. Also, factor that said report mentioned a well drilled in 1947 yielding 50% of its initial output over 50 years later, and another 50% of that 12 years later... these holes in the ground have potential to produce a very reasonable amount of oil for our lifetimes. When you factor in that the above figures are all "conservative" according to the companies ranges, this opens a lot of doors. Wouldn't surprise me to see Doody/Bilcox have production above acquisition/merger on their goal list because the potential appears to be there.