I am definately no expert but I don't think the big boys are stupid either. They must be reasons to t/o companies with no known or disclosed reserves. I must admit I have no knowledge of how the big boys make their money but I don't believe they do it by shooting in the dark.
Just because next door has gas does not necessary mean the BUL tenements too will have gas because if this is the case the guy next door would have bought the land in the first place, why leave it to BUL??
If it is a certainty that BUL has a lot of commercially viable gas why didn't Kogas excercise it's option to farm in?
This is my opinion and I hope I am very wrong. I hold a fair bit of BUL and I am just trying to understand why BUL's sp has been so disappointing.
BUL Price at posting:
3.9¢ Sentiment: None Disclosure: Held
