bul very bullish, page-8

With the looming gas shortage domesticly and export / LNG -related just one more fact to put BUL into perspective. Arrow Energy and QLD Gas, formerly listed as AOE and QGC were the pioneers and market leader before taken over in the QLD CSG industry.

Assuming that their acreage and BUL's would hold similar gas quantities, look at this fact :

AOE acreage : 56000 km2 ( website )

QGC acreage : 60000 km2 ( no info found but from memory )

BUL : 52000 km2

Imagine we get taken out just for half of their price, 500m, that would roughly mean 50c per share


That's why I am so bullish.