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Author Topic: BNTNF 300 mil bbls oil Papua New Guinea
STAR GAZER
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BNTNF Bontan Corp was going to acquire diamond property in Brazil, but decided against it last week after reviewing the area and instead got an option on 8 million acres of oil property in Papua New Guinea with an estimated 300 million barrels of oil. BNTNF closed Friday at .93 The last time that it was in the $1 range was in December. It then climbed to $2.40/share, but then started a decline to $1/share where it has stabilized. If it goes back to the $2 range or higher, that would be an increase of at least 100%
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