So if those figures are legit and BKP have 25% of a possible 4.5+ billion barrels of recoverable oil, what sort of value do I put on the company. Even $1 per in ground barrel gives upwards of a billion dollars. That's seems like an insane jump from where it is now. But what else to do? 10c? Still a hundred mil.
I know I can't really attribute any real value until the holes are drilled and it's proved that the oil is there, but if I can't believe a RS report what can I believe.
Aaaargh, I think this one goes in the too hard basket and I let the market decide. Unless anyone here has any reasonable ideas?
P.S. (I think it's bad form btw that the company has allowed that information into the public domain without looking after it's own shareholders by way of a trading halt or announcement. Even if it is great news for all holders and did allow me to get in on Friday afternoon.)
BKP Price at posting:
0.6¢ Sentiment: None Disclosure: Held
