They are in a better position than they were when the stock was above 30c 10 days ago imo. It is potentially very good value considering the ave price over the last 2 mths and the business developments the company has made let alone a 64 metre flourescence and 18 metre gas interval + 3 metres more of interest. They have also stated that the entire section from this point to total depth has potential reservoir seal pairs and occurs within closure of the Heron structure so may contain hydrocarbons. I would not be surprised if their 3600M target is at a lower depth as was the first target. Very speculative but with other projects looks very good value in my opinion.
BKP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
