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BKP - Baraka Energy & Resources

Discussion in 'Stocks 0-H' started by yogi-in-oz, Dec 17, 2005.

  1. yogi-in-oz

    yogi-in-oz

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    BKP updated ..... 16122005:

    :)

    Hi folks,

    BKP ..... looks reasonable, until latter half
    of January 2006 .... then throughout the
    whole of February there's an underlying
    negative tone that may undermine any
    positive sentiment, during that month.

    March and April 2006 look more positive
    for BKP ..... :)

    Key dates ahead for BKP, may be:

    27-28122005 ..... minor news

    06-09012006 ..... minor and positive

    13-16022006 ..... minor and positive news

    20-23012006 ..... significant and negative

    From 23012006 - 27022006 there will likely
    be some significant negative sentiment
    underlying BKP, even though we may well
    see some good news released, during that
    time frame ... BIG news/move,
    between 27012006 and 13022006 ... ???

    Key dates in February 2006, may be:

    02022006 ..... negative news

    05- 06022006 ..... a long cycle and a negative
    spotlight on BKP, here ...???

    09-13022006 ..... positive ... financial???

    20022006 ... significant & positive news?

    08032006 ..... positive spotlight on BKP

    16032006 ..... positive news? ..... same
    price as 20022006 ???

    23-27032006 ..... negative changes to
    finances .....???

    2903-10042006 ... BIG news/move here,
    may be triggered by some positive news
    on 05042006 ..... same price as 20022006
    and/or 16032006??

    07042006 ..... minor changes

    10042006 ..... long cycle here, so may
    go flat for a couple of days.

    21-24042006 ..... significant and positive,
    ... finance -related???

    happy days

    yogi

    :)
     
  2. noirua

    noirua

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    Re: BKP - Baraka Petroleum

    Radio Report by Mr Max de Vietri, MD and CEO of Baraka Petroleum. A long report that is interesting if you concentrate, as clearness is not the MD and CEO's best point.

    Baraka means " good luck " infact " bloody good luck " he says, and he wants you to buy heaps of shares in BKP, with the advice of your broker. " We are Very, very quick, as a board " says he. WE are " go, go getters ".

    West Africa is the area of exploration and there are 8 tenements.

    http://www.brr.com.au/event/BKP/1688/12910

    http://www.barakapetroleum.com/ENGLISH/english_index.html
     
  3. MalteseBull

    MalteseBull

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    Re: BKP - Baraka Petroleum

    up 8% today on yesterday's announcment that they have closed the capital raising.. should expect some nice returns in the future provided they spud in Q3
     
  4. MalteseBull

    MalteseBull

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    Re: BKP - Baraka Petroleum

    20c almost chomped

    buyers building nicely now.. with oil at $62 BKP is a bargain!
     
  5. doctorj

    doctorj Hatchet Moderator

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    Re: BKP - Baraka Petroleum

    I'm not saying I agree or disagree, but why do you think it is a bargain?
     
  6. MalteseBull

    MalteseBull

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    Re: BKP - Baraka Petroleum

    if you take a look at the graphs of WPL and BKP you'll find that when oil prices were at there highest.. both these share prices were at their highest too..with oil prices at a low now's the time to buy .. unless ofcourse you rather wait for them to reach their peaks
     
  7. doctorj

    doctorj Hatchet Moderator

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    Re: BKP - Baraka Petroleum

    Good point, the difference of course is that WPL is a substantial producer of oil and gas and BKP hopes to be some day. Buying the dips is a tried and true long term strategy where you are confident with the long term prospects of the company. Good luck.

    I'm still not quite convinced when it comes to BKP. I have some doubts over the quality of their tenements. That said, they've got a very charismatic management team (I'd put him in the same ball park as Twiggy when it comes to enthusiasm and the ability to sell a dream).

    BKPO lists tomorrow. Keep an eye out.
     
  8. MalteseBull

    MalteseBull

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    Re: BKP - Baraka Petroleum

    significant interest in it
    i have been watching it for the last 2 hours and the volume at 20c on seller side has dropped from 800,000 to 200,000
     
  9. MalteseBull

    MalteseBull

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    Re: BKP - Baraka Petroleum

    20c cleared
     
  10. MalteseBull

    MalteseBull

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    Re: BKP - Baraka Petroleum

    buyers building at 20cps... currently .205

    should see 21-22
     
  11. doctorj

    doctorj Hatchet Moderator

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    Re: BKP - Baraka Petroleum

    I'm glad BKP is going well for you today, but we don't really need live updates.

    Please try to post only when you have something new to contribute.
     
  12. MalteseBull

    MalteseBull

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    Re: BKP - Baraka Petroleum

    my humble apologies doctorj..

    21c :eek:
     
  13. MalteseBull

    MalteseBull

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    Re: BKP - Baraka Petroleum

    BKPO lists today for anyone interested..

    BKP up 2 cents to 23 at the moment with good buying depth
     
  14. MalteseBull

    MalteseBull

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    Re: BKP - Baraka Petroleum

    should see it at .30 today,

    over the last fornight, there has been a constant support level for this stock,

    check out the graph too..
     
  15. MalteseBull

    MalteseBull

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    Re: BKP - Baraka Petroleum

    hit 30c today on update of Heron-1..
    Good support at .29c
     
  16. saltyjones

    saltyjones saltyjones

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    Re: BKP - Baraka Petroleum

    if they hit paydirt at the 2000 metre primary target in a week or so the upside is tremendous. if it comes a duster then i suppose there is always the secondary target at 3800 metres to pray for.
     
  17. MalteseBull

    MalteseBull

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    Re: BKP - Baraka Petroleum

    are you sure it's a week? or do they give us weekly updates??

    In the announcements it states 70-80 days for completion..
     
  18. saltyjones

    saltyjones saltyjones

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    Re: BKP - Baraka Petroleum

    the primary target is at 2000 metres with a secondary target at 3800 metres & thus a 80 day drill time. there was a drilling delay (for drill parts sent from china) so now i believe their primary target may be reached next week. if the well hits hydrocarbons then a good sp spike. if it is a duster i suppose the consensus is that the sp will fall back to 20 cents. it is a company with enormous prospects in mali so not all is lost if heron 1 comes up dry.
     
  19. Holiday

    Holiday

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    Re: BKP - Baraka Petroleum

    Just in case you're still following. Hopefully more of this to come. They're right at the primary objective.

    Sydney - Tuesday - November 28: (RWE Australian Business News) -
    Australian based oil and gas exploration company Baraka Petroleum
    Limited (ASX: BKP) has been provided with an update on the drilling of
    Heron-1 within Coastal Block 20 in Mauritania by operator and joint
    venture partner CNPC International Mauritania Limited (CNPCIM).
    The land-drilling rig ZJ50LDB operated by drilling operator GWDC
    (Great Wall Drilling Company) has continued drilling the CNPCIM operated
    Heron-1 exploration well in coastal Block 20 onshore Mauritania, West
    Africa.
    The well was drilling ahead at a depth of 2024 metres in 12 and
    one quarter inch hole.
    The well has encountered fluorescence over a gross interval from
    1811-1875 metres and gas shows over a gross interval from 1857-1875
    metres in interbedded sandstones and shales.
    The Total Depth is proposed at 3800m.

    Have a look at this company's prospects at www.barakapetroleum.com.
     
  20. Holiday

    Holiday

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    Re: BKP - Baraka Petroleum

    Just updating..32 now.

    Prior to spud it had 2 stacked drill objectives with an approx. 20% chance of success. 1st objective at 2200m(Cenomanian sands). 2nd objective at 3600m(Aptian/Albian sands). After the shows announced this week...I don't really know,but I doubt it would be less chance of success.

    Prospective resources(unrisked) =209MMbbl. Baraka's share is 73MMbbl. NPV10 Baraka's share =US$445m.

    Then there's the Taoudeni Basin in Mali -193,000 sq kms-(JV ENI and Sonatrach)-potential 645MMbbl + 9.2 Tcf and Mauritania -69000 sq km-(JV with Woodside)-potential 722MMbbl + 2.5 Tcf-(unrisked prospective resources). The NPV10 for these is an awful lot of $US.

    There is great potential for further leads in all projects as has been discussed by other posters. The good part is that it's early days share price wise. There is a long way to go though but things are looking good so far. Highly speculative but well worth a look. Further info at www.barakapetroleum.com.
     

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