I HAVE WORKED UP THERE AND SEEN CORES MYSELF PERSONNALY (NOT BQI'S BUT OTHER COMPANYS ON ADJACENT PROPERTY). I KNOW ALOT OF PEOPLE HAVE BEEN SCRATCHING THEIR HEADS ASKING QUESTIONS ABOUT THIS COMPANY AND THIS IS WHAT I CAN TELL YOU (HOPEFULLY IT HELPS FOR PEOPLE WHO DONT KNOW THE AREA). THE REASON I AM INTO THIS STOCK FOR THE LONG TERM IS THAT I HAVE WORKED UP THERE FOR YEARS AND PULLED MANY CORES OUT OF THE GROUND FOR NUMEROUS OIL COMPANYS. I AM EXCITED ABOUT IT BECAUSE FROM WHAT I CAN SEE THEY HAVE THE INFRASTRUCTURE ALREADY IN PLACE (AND THE GREAT PRICE). ONE THING MANY OF YOU MAY NOT UNDERSTAND ABOUT HOW WE DO THINGS UP THERE IS SEASONALLITY. THERE ARE TIMES YOU CANNOT GET IN OR DRILL (LIKE RIGHT NOW) FALL/WINTER TIME IS WHEN THE ICE ROADS GET BUILT AND THINGS GET DONE. IT GOES FROM GHOST TOWN TO BOOM TOWN EVERY YEAR IN A MATTER OF DAYS RELATIVLY SPEAKING. ALL IT TAKES IS FROST AND PERMITS AND THINGS GO FROM 0-60. THEY WILL NOT BE ABLE TO DO ANYTHING UP THERE FOR TWO MONTHS ANY WAY MOST LIKELY DUE TO THE FACT THAT RIGS CANT TRAVEL THROUGH THE BUSH UNTIL THE ICE ROAD GETS BUILT. THEN YOU ALSO CONTEND WITH MIGRATING CARIBOO AND YOU HAVE TO MOVE EVERYTHING OUT OF THERE WAY.
I PERSONALLY BELIEVE THAT FROM WHAT I HAVE SEEN COME OUT OF THE GROUND UP THERE, IF THESE GUYS CAN ACTUALLY GET THE MONEY TOGETHER TO COMPLETE THE DRILLING, TESTING AND SEISMIC PROGRAMS THEY WANT TO GET DONE THIS SEASON THEY WILL PROBABLY DO GOOD.
RIGHT NOW IT LOOKS LIKE THE MAJORS UP THERE ARE POSTURING, WAITING TO SEE WHAT BQI DOES AS FAR AS PROVING RESERVES AND PAYING FOR IT THEMSELVES. TO ME THESE GUYS LOOK GOOD, AND THERE WONT BE ALOT OF CHEAP TARSAND COMPANYS IN THE FUTURE.
IF YOU WANT PROOF OF THE SEASONALITY OF OUR INDUSTRY UP THERE AND HOW THINGS WILL GO, CHECK OUT THE DRILLING RIG CONTRACTORS STOCK PRICES IN THE WINTER AS OPPOSED TO THE SPRING & FALL. (CHECK PRECISION DRILLINGS STOCK PRIOR TO THEM BEING A TRUST ITS A GOOD EXAMPLE)