BPI Industries Ltd (BPR-VSE) Message Board

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

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To: VIP Condo who wrote (85)	1/20/1998 2:30:00 PM
From: ian dodge	Read Replies (1) of 355

VIP Condo, Sittig #1 has a great flow rate and indicates a truly viable project. Since it was drilled 2 years ago, the company has drilled another 18 or so wells on the property, but not released any flow or test results. Either these other results are less than spectacular, or they are keeping a lid on things for production/financing discussions. I suspect (pray for) the latter. Another thing I find interesting are the number of warrants expiring in the next 4 months. 50,000 @$1.15 exp feb 26 '98 630,000 @$0.70 exp mar 30 '98 1,000,000 @$1.44 exp apr 3 '98 1,000,000 @$1.92 exp May 17 '98 360,000 @$1.87 exp May 23 '98 We'll have to get some action if 'insiders' are going to get anything out of these. I'm still long on BPR - there are still lots of risks - but the opportunities are there. Did you read the full version of the Strain Consultants Report? It suggests a potential break-up value for BPR of $21.81. Now that would be something. What are your thoughts on BPR for the next 6 mo? I see a push back to $5 to exercise the warrants and if they can get production financing, $8-10 is realistic.

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