Ed, It would be very helpful, to get a report on the certified reserves in daily production. In the meantime, if my assessment, above BZP’s stated production for Block Z-1 - 5,900 bopd and 20 MM cf/d natural gas is favorable, I’ll buy another lot of BZP Energy.
www1.investorvillage.com
Geoman, from IV answered one of my questions from the recent PP prospectus - why was the off-shore natural gas, abandoned, not produced and sold by the previous owner?
Technically, for BZP - the Full Sto (20,10,5) which often precedes price movement has formed a double bottom. IMO, the Full Sto (20, 10, 5) is close to giving a buy signal. The MACD (12,12,9) which has been bearish for a long some time, may start to curl up, (bullish). A cross-up of the MACD (12,26,9), at such oversold levels is a very bullish indicator both short and long term.
The technical indicators that key off the moving averages, are bearish as is the price channel. The pps is well below the 200 DMA at $5.16. The indicators relative to money flow are all very oversold. Unless the fundementals change, IMO there is less risk buying when the pps is oversold. - John |
