MOMO'S BREAKOUT BOARD

[balamidas]

BGOI 0.0034 weekend DD(could play like OOAG )~

BGOI is an independent energy company, engages in the exploration, production, and development of crude oil, natural gas, and natural gas liquids in the United States.


Website : http://www.bonanzaog.com/

KEY DEVELOPMENTS :

-on march 5th BGOI announced that the production level of the Jackson Well has increased by approximately 50 percent after performing re-fracturing stimulation of the well. The Jackson well is located in the Apclark Field, Borden County, Texas, just east of the Jo Mill Field that has produced over 54 million barrels of oil.

apparently the company is moving toward operating on cash soon ,i expect a strong update here and the company is still in growth mode too

on april 27 ,2010 Bonanza Oil and Gas Announces Completed Purchase of Interest in Producing Oil Well and Additional Acreage in Oklahoma

the company is committed to the strategy of buying current oil and gas production, which provides potential for future growth while providing additional current cash flow!!


****apparently BGOI is turning into a positive cash flow here*****

very important note :

BMAS & CSTI were on the bid friday !!!

those 2 are big INSTITUTIONALS buyers !!!

BMAS is BMAsecurities an institutional stockbroking pushing lately of the OOAG run


http://www.bmasecurities.com/

and CSTI is Colin Stewart an institutional stockbroking pushing lately of KATX &OOAG runs !!

http://www.collins-stewart.com/


their presence on the best bids are not just a coincidence but more like a Big telling sign for us of upcoming events here !!
those institutional stockbroking are very well informed about companies they buy in !!this is what we call smart money loading on anticipation of big things on stocks!

for a reminder OOAG has moved from 0.001 to a high of 0.069 in 13 trading sessions with institutional stockbroking pushing it!!!!

a similar situation is developping here,those 2 institutional stockbroking popped on BGOI friday and CSTI was all day on best bid above NITE!!!

a strong update must be close here >>expect BGOI turning cash positive and acquiring more interest in wells

OIL plays are very hot plays lately and BGOI has been in freefall mode since 0.07 high in 2008 and is very undervalued here!!
in addition to the latest events described above
a technical bottom is hit here,a reversal is starting!!
BGOI could move very quickly as technicals triggers on the chart are lining closely !!

the 50 ma is at 0.0043 and the 200 MA is at 0.0167!!

getting in those ground floor could see very lucrative reward in the coming days



Balamidas