GREY:BNKPF - Post by User
Comment by
himmleron Oct 28, 2017 12:39pm
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Post# 26871893
RE:RE:Drilling costs
RE:RE:Drilling costsWell I can say ..yes..there was a time that this company promoted itself.But then again..I've owned shares for almost ten years.I can say with certainty that this company always looked for ways to sell itself.Thats what the entire premise of BKX was..and I supect still is.They will build this up and than sell it and move on.That was the strategy with Poland..but I know for a fact that most of you posters dont know that.You werent around then.Poland was a flop and cost huge sums of cash.At that time they did an offering of over $2..bought deal I believe...but Poland crashed.
Today its different.These wells cost money..no kidding.But too many here are knocking themselves out guessing the cost of fracking..why bother?
This company reports its drilling program ..as on time and on ..or under budget.
I strongly suggest you novices look at other company's drilling result terminology.Many report not figures in dollars ..but under budget and on time.
The flip side is they say nothing...which is NOT GOOD.
I cannot understand negative attitudes when for the first time in many yaers..the oil industry is looking a bit more stable...and BKX..which survived the absolute worst...is finally doing something.
I guess there will always be whiners....my guess is they missed the 20 cent entry...right?
Therefore critisism is just sour grapes...and therefore meaningless.