guru i think that is absolutely right.otherwise how come woodside eni and cp are all paying the costs in their various shared tenements.baraka has 10 mill in the bank which is pretty good for a company with market cap of 40 mill...theres plenty of oil cos out there with no or next to no income with a lot less in the bank and much higher share prices. and dare i say much less prospects. baraka believes it tenements are second to none in the world...cvn for example has only 1.6 mill(accord to comsec) and prod of 500 barrels /day of which only a third is theirs and a market cap around 150 million and the likelyhood of having to issue new shares soon to raise capital. ive come to the conclusion that bkps is being careful on data it releases until it shores up position against a possible t/o..
BKP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
