I have not had a happy Xmas. Been in Hospital over the period and hence no posts by me.
But lets get to BKP. At this SP this stock has to be a bargain for the short termers and the long termers.
1. Monza 1 has probably already spudded - waiting for announcement from management. Drilling to take 26 days.
2. Announcement on 7 January that 3D Seismic Survey completed for La Punta block with interpretation by late January and finalization plans for La Punta 2 to spud early March. Also other high grade opportunities in block.
3. They still have a substantial holding in one of the most unexplored basins in the world, with surrounding countries having mega oil supplies.
The stock is still high risk but I believe at this market capitalization it is still worth a punt, firstly on the imminent outcomes of the Columbian holdings and secondly they have an asset in their Mali holding.
Hope everyone had a merry xmas and good luck for 2008.
Best Regards
Toby
BKP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
