lol for real, im tired of having so much money tied up in this....it would be nice after we get bought out or whatever happens IF successful, to find another "ignored" stock and invest with you guys again...great ppl on this board, unlike many other ones ive been on. cheers guys and hoping for the best!
BNX.A/B.V - BNP Resources - Page 63
Yeah not too shabby at all:
|# Orders||Shares||Bid||Ask||Shares||# Orders|
Questrade demo changed, I cant find level 11 anymore. Would like to know which house is bidding.
Update from the drilling side. Looks like activity is starting again in the AB Bakken area between Cardston-Milk River. From May-June their wasn't much going on, but I read the other day that there's
been a backlog due to the wet season. DTX had some positive Q2 results yesterday, and their going to be drilling more in the area. As well, CPG licensed another very close well to us today(about 4 miles south west).
CPEC REAGAN 14-16-2-21
PRODUCTION - OUT (C)
Well ID: 00/14-16-002-21W4/0
Fluid: CRUDE OIL
Licensee: CRESCENT POINT ENERGY CORP.
License Date: 14-Aug-2012
Projected Depth: 3,157.0 m
Terminating Zone: EXSHAW FM
D3EXP 14-23 HZ FERGUSON 14-26-3-17
PRODUCTION - DEV (C)
Well ID: 00/14-26-003-17W4/0
Fluid: CRUDE OIL
Licensee: DEETHREE EXPLORATION LTD.
License Date: 07-Aug-2012
Spud Date: 14-Aug-2012
Projected Depth: 2,843.0 m
Terminating Zone: BAKKEN FM
After this week, it's its been 4 months exatly since the last pp closed. Previous pp's took anywhere from 1-3 months, so we should be seeing something soon.
I'm hoping we see some news after the close today, or else its been an uneventuful week once agin for BNX.
However, I am quite happy with DTX's Q2 results. Two positive things came out this week from them that should reinforce our investment in BNX.
1) DTX continues to have the best success of all the AB/MT bakken plays, especially with the dicovery of this new pool which is located
right next to our property and could very well be under the Jensen pool. This will increase land value all over the area and also generate more interest for
future drills for any of the competitors.
2) If you look at all the insider buying that occured on DTX, it just goes to show that the insiders always know best. Whether the price was low or high they
were always buying. In my opinion actions speak louder than words, and when you see directors loading up the truck and no news has come out, its usually a
very good sign.
Point of this is regardless of what's happened to BNX with no news and decrease in share price, the potential has stayed the same(if not increased slightly
due to the work being done in the area), and Bilcox/Doody are not leaving this play without a hefty profit. So don't feel discouraged, this pony isn't dead at all,
just waiting for the right time to run.
New DTX presentation this week. If you look at page 10-11, BNX is located directly ontop of the two DTX wells on the left side:
If you checkout canadianinsider.com, you'll see that every directors was on a buying spree from Q4 2011 until Q2 2012:
Yeah that will help for a short little bit, but some people have now been picking up shares in the 4-6 cent range, so we will meet some flippers I am sure around 7-9cents whenever we get there... News will be coming soon for sure with Q2 and hopefully it has some good information in it of what they are doing. It is a double edged sword on this whole no news thing, because I am happy their hasn't been any more dilution in 4 months, but I am upset that there hasn't been any updates.