Absolutely correct Newland.
But BKP could rise, or at least stay firm, on results on the other two holes. It's great for BKP that PFC are fraccing the holes in reverse order, because oil in any one of the three holes would totally change the picture.
At present BKP hold some good land in an area where there might be oil. Its value per acre would be minimal. What would that value become if oil is found in Owen or Baldwin?
As for stuffing up, Schlumberger are doing the fraccing so you would think that is unlikely.
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