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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Ed Ajootian who wrote (77029)	1/2/2007 8:33:48 PM
From: fp_scientist	Read Replies (1) of 206330

Re: BPZ Energy (BPZI) You say: "I also vociferously disagree with your comment that its "just like buying a Peruvian utility". BPZ has 4 TCF of 3P reserves, at a buck an mcf this amount of reserves would be worth about $70/share. In addition to using the gas for power, there are many opportunities to use it for industrial purposes, and maybe even a gas-to-liquids plant or LNG liquifaction plant. So there will always be some way to monetize the gas if they find it in enough volume. IMO, to say that the gas prospects for BPZ are no "real upside" is silly." Stranded gas offshore in Peru worth $1/mcf? Can you find a buyer at that price? (I mean someone with lots of cash willing to develop it). I don't think so. Corvina is not large enough for LNG. Let's agree to disagree. Good luck - fp

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