Now, on the off change that you're not just blatantly down-ramping on a stock that you do not hold, and seem to not have taken the trouble to read-up old threads, let's just repeat the relevant facts briefly:
- BKP holds huge acreage in the Georgina basin in NT
- Ryder Scott report estimates 4.7 billion barrels of oil to be discovered
- BKP has a Canadian partner with the technical expertise to drill the style of well needed for this region
- The Canadian partner raised over $50m allegedly with another $90m over-subscribed for this project
- BKP is free carried for initial drilling and after that has a 25% stake for 25% of the costs going forward
- The Canadian partner is about to list on the Canadian stock exchange tonight, and is likely to start aggressively marketing their project here in Australia
- The Canadian partner intends to start with a 20-well exploratory program as soon as possible.
- The first drill hits the ground in mid-Feb 2011
There are further details I'm leaving out here; if you want to know the finer points, you'll have to dig through old threads a bit to find all the bits and pieces to connect the dots fully.
But no... not insane... just very cluey...
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