It is a pity about the delay as it is only natural that our sp would decline until more action.
While we're at it, here is more response to my questions about the "duster" bs posted a few days ago and then moderated;
"Neither Baldwin nor MacIntyre can be called “dusters” at this point in time; neither have been frac’d nor completed, they have been temporarily suspended until March because of the imminent wet season in the Northern Territory, living in Australia I would think you would appreciate that. These plays are unconventional shale plays, involving very tight rock that require frac’ing to get the oil out, plain and simple. We knew that from the get go and is why we got so excited about this play initially – this horizontal and frac technology has unlocked the shale plays in Canada and the States and we are the first to bring it to Australia and we anticipate it will work as well there. Quite frankly if we didn’t feel there was evidence of hydrocarbons we wouldn’t suspend and wait until March to frac at a cost of $2.5 MM, we would abandon. The pump problem is not the reason we decided to postpone, that occurred just after we spudded Oct 28th and we were delayed in drilling by 7 days, that delay is the reason why we have been caught up by the wet season; ......"
RAVI
BKP Price at posting:
1.1¢ Sentiment: Hold Disclosure: Held
