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BPZ Resources, Inc. Message Board

  • dbaker08723 dbaker08723 Apr 15, 2008 11:04 AM Flag

    Oil transportation

    Nice move up today. Just thought I'd check in and see if there was any news behind it? Has the company done anything definative regarding (Transporting) the oil from the wells to the shore? Small tankers, pipelines? I work in the oil/marine transportation business and was just curious.. Regulatory compliance in this business can be mindboggling, at least in the United states it can.

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    • They have an fpso ready to handle the production and are just waiting for the permits, which should be ready; possibly even today. They were using small ships to ferry the oil until they could get the fpso onsite and get it permitted.

    • I got a feeling you can't buy a tanker or lease even if you paid a premium. I think they might as well start on a pipeline asap. I sat next to a petro eng on the plane the other night and asked him about the heavy mud. He laughed " He said it isn't even and issue with todays technology." Just think if they were found to have more reserves than Brazil? I got a feeling about albacora and went on margin. I might be crazy but I am going to buy more!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! We could all be worth many million if we stick with this one!!!!!!!!!!!!!!!!! In the near future this will be a 50+ stock and more like 75-100!!!!!!!!!!!!!!!!!!!!!!!!!!!! Gas news coming soon!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

0.23910.0000(0.00%)Feb 27 4:07 PMEST