Bankers Pet Share Discussion Threads

[hawks11] 14/7/2010 14:24

Their target of 24,000 bopd is mentioned in the presentation on the last page:

Jan 2012
Anticipated production 24,000 bopd
Phase 2 –70,000 bopdpipeline from Fierto Vlore

That's when they plan to be bought out I suppose. I wonder what the likely share price will be then, prior to a bid that is. I assume that the aim listing was to attract investment but there has not been much interest. I know they have secured funding but there is a definate lack of interest.
Thanks for that SM. I see you have updated the thread on Stockapedia as well. Darron Preston is still enthustiastic and I have more faith in him than I have in myself when it comes to decisions on stocks.

[strollingmolby] 13/7/2010 14:06

New presentation on the website:

[sandbank] 29/6/2010 16:23

HAWKS: Steep drop this afternoon - but still in channel on the chart. I'm holding on

[hawks11] 27/6/2010 12:01

Thanks Sandbank, it's strange that he hasn't appeared here as he pops up at other places on ADVFN from time to time. The people in charge of BNK certainly know how to make money out of the company but state their aims quite clearly, namely build the company and sell out which is what they have done before. The main points to watch for is efficiency of their operation and the price of heavy oil as they have the funds in place. I would have thought that announcing the financing deal would have improved the share price and general interest, but in the short term it has had the opposite effect.
I just wish I had spotted this 12 months earlier.
If fact I have just checked and I have been in BNK since last September. I foolishly moved out and back in and have not profited as much as I should. The spread is a daunting at times so I am not going to sell any unless for very good reason in the future.

[sandbank] 23/6/2010 20:26

HAWKS: It was Edmund Jackson who drew my attention to this one. This is what he wrote back at the end of May:-

29-5-10 And so it is interesting to consider the AIM-listed shares in Bankers Petroleum (BNK) which have fallen sharply in recent weeks from about 630p, but notably were one of the market's largest risers - up 8% to 460p - on Wednesday 26 May. Tacit recognition, perhaps, that the company has a more attractive risk/reward profile than recent sellers feared. The recovery is minor in a recent chart context, but means you are not trying to 'catch a falling knife' as a share plunges.

There are two likely reasons behind the volatility, of interest to long-term investors...

Firstly, BNK is a producer hence lower-risk than most 'E&P' shares which involve exploration.

This three-year-old Canadian company was formed specifically to develop assets in Albania, the principal one at Patos-Marinza being the largest onshore oilfield in Europe, covering 70km with 5.7 billion barrels of oil estimated in place. It is a 'heavy oil' project where the management has an experienced track record: denser oil tends to be more challenging to extract, although it is at shallower depths hence cheaper to do via horizontal drilling. Refining costs, however, tend to be higher.

So there is a mix of cost issues involved, as well as sensitivity to oil prices: a higher oil price can justify more investment for extraction, and vice-versa. All this explains why BNK shares doubled earlier this year as its operations attracted interest and oil prices rose; but while prices have dipped from a $80s to $70s range, shares have also fallen with the wider market sell-off.

Perhaps this was the thinking behind BNK's chief finance officer buying two batches of 5,000 warrants just recently on the Toronto market, these currently priced (BNKW) at 60p on AIM. This is effectively taking out a long-term call option on BNK shares. Admittedly, the directors have overall locked in gains earlier this year, which has looked astute in the short term; but is interesting this type of security is.

[deucetoace] 23/6/2010 14:53

Yes it is ISAable as it is dual listed.

[chrisis33] 22/6/2010 23:33

Can somebody please confirm if this is an ISAable share for my thread here of ISAable miners and oil/gas shares?

[sos100] 21/6/2010 15:20

thanks hawks.

little out of touch with this one but might have a look again.Hope it gets to £20 for all you holders.

[hawks11] 21/6/2010 15:07

Well it's one of the ones that look to do what they promise. A good thread here if you didn't already know:

[hawks11] 18/6/2010 07:21

Something like heavy oil in the sandbanks of Albania?
It is nice to see someone else looks in here from time to time Sandbank.

[sandbank] 17/6/2010 15:51

BOILERBOY: I just wondered if you might want to reconsider the title of this thread?

[hawks11] 10/6/2010 08:36

Middle East producers talking about Heavy Oil production.

[hawks11] 27/4/2010 15:21

I've just had a quick look and see that directors have sold a total of 2,368,711 shares this year and as the last was for 1,000,000 by Robert Cross perhaps some have taken fright unless more sales by Directors are taking it downby themselves.
Perhaps they are sure of buckets more profits in the future so have decided to build their castles in the sky no and build a moat and helicopter pad with the next batch of bonus shares:0)

[hawks11] 27/4/2010 08:14

Thanks for that Bazzerp. Their fd speaks very quickly but is very confident and there is plenty of room for the share price yet.

[bazzerp] 26/4/2010 19:01

Netback of $28 per barrel currently on current $80 oil price.

[bazzerp] 26/4/2010 18:58

BNN presentation. Note price up over 400% on TSX last year

[hawks11] 22/4/2010 16:26

Another 1pm RNS with some good news today.

[hawks11] 12/4/2010 20:55

Bankers finalizes Block F acquisition

Bankers announces third Drilling Rig


Block "F" is located immediately west of Bankers' Patos Marinza oilfield
and covers an area of approximately 740 km(2) (185,000 acres).

[hawks11] 07/4/2010 17:13

Webcast here for anyone interested in oil, number of wells and likelihood of further increased production.

[hawks11] 25/3/2010 19:57

I thought I would put this old write up on here for interest (mine probably) as it gives a few details and spells out the attractions and problems with heavy oil:

[hawks11] 24/3/2010 14:34

SoundBuy - Bankers results were out on 22nd - see above.

[soundbuy] 24/3/2010 14:11

Results out today.

[johnwall] 24/3/2010 13:06

It may be that it's just hit the radar over here, as you say, but it's very unusual for the UK price to change much when the Canadian market isn't open. I wondered if someone had heard something?