This is normal for an oil/gas stock in the middle of a drill. The price runs up in anticipation before the well spuds. Then it plateau's as drilling commences and trends downwards marginally as investors take profit.
Whatever we hit in the primary target is going to send the price significantly up or down, whichever the case.
What the price does in the mean time is trivial.
Hardman were in an almost identical situation to Baraka when they drilled Chinguetti back in 2001. Their price rose from the 20c's in the months leading up to the drill, hit a high of 46c and then proceeded to dip back down below 30c. It was only in the day or two before they hit oil that there was a little jump up in the price from 32c to 36c which was probably insider buying. Then they announced they hit oil and the rest is history. The dip back down from the high of 46c meant absolutely nothing......
BKP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
