BNX.A/B.V - BNP Resources - Page 29

bids are stacking.... but sellers are as dry as a bone ......only way imho to take a position is by hitting the ask mate........ Q3 should be out anytime soon clubbed with results.......cheers and GLTA....

I was hoping I could pick up a nice chunk at .105 this morning. I don't want to pay .12 ! Might suck it up though, Don't want to miss the ship.

yup the party will start soon!

FYI HAT has been halted, i just picked up FIS stock...they are attached to HAT and looks like rio tinto buying them out. Stayed tuned

Not a bad day at all. Even though volume was light, it was good to see no new selling pressure from RBC or any flippers. I spoke too soon with TD selling 100k at .12, but not a big deal. We know their just hoping to keep us down and trying to accumulate at 9.5c or less.

What im happy and surprised about is that the last creditor BNX paid shares for debt (Privco) has not sold any of its shares this week. The 1.61 million shares became free trading Sunday and I thought maybe we would of seen some selling this week. Wasn't worried though because TD has about $100-120,000 ready to deploy on anyone selling cheapie shares. So TD would of taken out Privco if they sold.

BNP Resources issues 1.61 million shares for debt

2011-07-13 14:19 MT - News Release

Mr. Gregory Bilcox reports

BNP RESOURCES INC. ANNOUNCES SHARE FOR DEBT DEAL

BNP Resources Inc. has completed a share-for-debt deal with one creditor totalling approximately $96,796.57. The debt obligation relates to a Privco investor electing to convert his pre-earned interest at Jensen and various equipment on site on BNP Resources' interest lands in the Jensen area to shares. Under the shares for debt settlement, BNP Resources will issue approximately 1,613,276 Class A shares to the creditor at a price of six cents per Class A share. The settlement constitutes full satisfaction of the $96,796.57 debt obligation that is owed by BNP Resources to the creditor. Upon issuance of the Class A shares to the creditor, the debt, owed the creditor and obligations of BNP Resources related to the debt deal, will be fully extinguished. The shares upon issuance are subject to a four-month hold period.

Not a bad day at all, I think we might get to the 12s again tomorrow and stay there for over the weekend. After hours level two looks like this. 

Oil rebounding nicely after everything took a beating yesterday. crawling back up close to 100$ mark again... With us getting so close to Q3 results I think that they might use that press release to also include the well results and updates... hopefully also include some new proven and probable resource numbers.

Expect the Q3 report some time next week hopefully Wednesday or Thursday.. previous release dates for Q3 results:

2007 Tuesday Nov 27th

2008 Thursday Nov 27th

2009 Thursday Nov 26th

2010 Wednesday Nov 24th

Boom

55k shares at 11 cents eaten up...i wonder how level 2 looks after that. Ppl  are hitting the asks

Then 25k at 14cents, and 16k at 17cents.

Another 50k was added to the ASK at 11cents.. that should get bought up pretty quick IMO

its so thin, with some steady volume this stock would be hard to control. Eventually when 11 cents becomes the floor those at 9-10 cents will have to increase their bids. Some other stocks ive owned there are always huge asks somewhere to slow down the stock if it does run (see ESO), but this one there isnt. 122k?
 

Quote:

Originally Posted by TheBoomShow 

Another 50k was added to the ASK at 11cents.. that should get bought up pretty quick IMO

Exactly it is really thin... Not much holding us back from 20cents still.. although we have chewed through a few million shares at these levels. Middle to end of next weeks news should get some volume back towards this stock... 50+% insider ownership helps to make less resistance for this to run... add that with everyone on these boards who are holding large positions who I don't need to mention and you have a lot of the shares that are basically off the open market.

Quote:

Originally Posted by LOOPY84 

its so thin, with some steady volume this stock would be hard to control. Eventually when 11 cents becomes the floor those at 9-10 cents will have to increase their bids. Some other stocks ive owned there are always huge asks somewhere to slow down the stock if it does run (see ESO), but this one there isnt. 122k?
 

 

very true, no real walls at all. Ive been spreading the word with this stock, trying to get some new investors in it. A few of my buddies took little bites and seeing how they liek it. So hopefully some news comes sooon!

 

Quote:

Originally Posted by TheBoomShow 

Another 50k was added to the ASK at 11cents.. that should get bought up pretty quick IMO

Quote:

Originally Posted by TheBoomShow 

Exactly it is really thin... Not much holding us back from 20cents still.. although we have chewed through a few million shares at these levels. Middle to end of next weeks news should get some volume back towards this stock... 50+% insider ownership helps to make less resistance for this to run... add that with everyone on these boards who are holding large positions who I don't need to mention and you have a lot of the shares that are basically off the open market.

 

asks at 10.5 now...would love to see one person just wack 100k or more in one shot
 

Quote:

Originally Posted by TheBoomShow 

Another 50k was added to the ASK at 11cents.. that should get bought up pretty quick IMO

Quote:

Originally Posted by TheBoomShow 

Exactly it is really thin... Not much holding us back from 20cents still.. although we have chewed through a few million shares at these levels. Middle to end of next weeks news should get some volume back towards this stock... 50+% insider ownership helps to make less resistance for this to run... add that with everyone on these boards who are holding large positions who I don't need to mention and you have a lot of the shares that are basically off the open market.

 

seem like a desperate attempt to shake the tree one last time to get some cheapies mate........GLTA......should be a gr8 next week.....

Yea for sure AB. I'm hoping for the Q3 news release to be earlier in the week to really give this baby a chance to run. 

Quote:

Originally Posted by airbender 

seem like a desperate attempt to shake the tree one last time to get some cheapies mate........GLTA......should be a gr8 next week.....

what do we expect will be on that q3 release? isn't the big news the 30 day oil avg we have begun once the water licence was approved?

Quote:

Originally Posted by TheBoomShow 

Yea for sure AB. I'm hoping for the Q3 news release to be earlier in the week to really give this baby a chance to run. 

 

I hope this price is here on monday. I will pick up a nice chunk!

Quote:

Originally Posted by thedude4599 

Looks like another oil pool has been found in the great Jensen area by Deethree. Its about 20 miles East of BNX's Jensen pool, right next to the town of Warner. Within the last two years DTX has licensed 9 wells in these 12 sections and drilled 8. Their potential pool lies on 03-17W4 and 03-16W4. Just goes to show that there are quite a few pools in the area(2 right next to BNX's Pool, Reagan and Del Bonita) and BNX's 7.7 million barrel OOIP Jensen pool is likely going to be completely proven. BNX's find is not a fluke, but the fact that they got the entire pool to themselves is quite amazing.

 

 

Newly licensed well today.

 

D3EXP HZ 102 FERGUSON 11-1-3-17
PRODUCTION - DEV (C)
Well ID: 02/11-01-003-17W4/0
Fluid: CRUDE OIL
Licensee: DEETHREE EXPLORATION LTD.
License Date: 14-Nov-2011
Projected Depth: 1,745.0 m
Field: FERGUSON
Terminating Zone: SUNBURST SD

 

 

 

Two more wells licensed by DTX at their newly found pool. Thats a total of 11 licensed now and 8 drilled.

D3EXP 2-1 2HZ FERGUSON 6-1-3-17
PRODUCTION - DEV (NC)
Well ID: 00/06-01-003-17W4/0
Fluid: CRUDE OIL
Licensee: DEETHREE EXPLORATION LTD.
License Date: 17-Nov-2011
Projected Depth: 1,697.0 m
Field: FERGUSON
Terminating Zone: SUNBURST SD

D3EXP 2-1 2HZ 102 FERGUSON 7-1-3-17
PRODUCTION - DEV (NC)
Well ID: 02/07-01-003-17W4/0
Fluid: CRUDE OIL
Licensee: DEETHREE EXPLORATION LTD.
License Date: 17-Nov-2011
Projected Depth: 1,685.0 m
Field: FERGUSON
Terminating Zone: LIVINGSTONE FM