BPI Industries Ltd (BPR-VSE) Message Board

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Gold/Mining/Energy : BPI Industries Ltd (BPR-VSE)

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To: Ron Struthers who wrote (347)	7/25/2001 5:11:54 PM
From: Ed Ajootian	Read Replies (1) of 355

We had a bullishly low storage number here in the US with the weekly AGA report today, and the natgas market went idiotic, up more 10% in one day! Natgas is now trading around $3.35 as I type. The XNG index went almost as nutty, up around 5%. Virtually overnight we have gone from a very inhospitable financing environment for BPR to a pretty good one. Granted, some of today's action in the natgas futures markets is due to short-covering but I think the markets have made a clear statement here, as to how fragile the supply/demand equation is with this commodity. Needless to say this bodes well for BPR. Now all we need is a PR stating the details of their reserve report. Let us then multiply the reserve quantities by whatever number we want to get the value of the reserves. The value as then divided by the number of shares outstanding will probably be staggering, folks, even if you use just a buck an mcf. The company should now be able to get financing to go to the next step --- drilling out the property.

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