RE: RE: RE: RE: RE: I thought that guy was off on brain cloud/lefmike,
I did not post that presentation so investors could treat his comments of bnk producing 18000 bopd as gospel. Being a share holder in both companies, and after listening to the whole presentation found it interesting and encouraging for couple of reasons. Just to clarify braincloud, when you said this "guy is in a week position and just like when a big resource is hit other move in to cash in on the hype". This well that he was talking about is being drilled by Shell, who his company is in a JV with, and is being drilled on the same block as bnk is currently operating on. With the problem bnk has had its encouraging to see a Major like shell take an interest in working in the same area. Also this well that shell is currently drilling was already very large oil discovery years ago, but was abandon and deemed uneconomical due to the price of oil back then and the fact that the company drilling had some problem getting the oil to the surface. Another thing I found interesting was when he was talking about the regional geology of the land , describing the different formations and again mentions bnk. Being a share holder of bnk, I would like to think that both bnk and SHELL (who has a ton of experience in operating all over the world) would bend each others ear on problems and successes they are having to assist in making both their endeavours successful ones.
Just to finish I do believe that oil executives (or rig operators etc) from companies working in the same region as each other will communicate and will have some better insight on how companies are doing prior to Joe investors like me. I take the comments of that CEO as just another small positive that bnk may have their water problem etc solved and will continue to move production upwards helping me get back to where my average is..
long bnk
all the best