Club Mulgoa

Friday, April 27, 2012

BPT

It found more than 1km in total of gas saturated layers and then with a single fracking process, it stimulated 500,000 cf of gas flow a day, anticipating more with further fracking and cleaning up.

Yet the share price has not moved forward since these announcements.  Are fund managers so brilliant that they interpret those figures different from me, and other Hotcopper participants?  I managed to get a top up at $1.40.  This is the same as the recent rights issue which I missed because I was in China.  I bought more than a tiny parcel this time as the announcement was too good an opportunity to miss.  The share price actually dipped that day, with no beneficial effect from the announcement.

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