Blue vs Comet, page-3

I hold both. Both have a lot of gas in he ground. I believe both to have a good chance to make the transition from explorer to producer (or brought out at a higher price). Each company has positives and negatives. It is difficult to know who will secure gas sale agreement first. Comet has reserves near existing pipeline straight to Gladstone so I am 60/40 in SH ratio on my holdings. If you dont have certainty over which will get there first it makes sense to hold both. If one comes off you have cash to fully capitalise on the other and money back. The probablity of both failing to make to gas sales I think is low.
A merger between both of the would make them a priority target like when Queensland gas and Sunshine Gas merged, it was on before the paper dried. BG eventually winning the bidding war and making many fortunes.

Both companies board and admin costs are relatively low , Blue board better known in the industry, comet is less widely know and tighter held.

I am no expert and placing my bets like all others. Good Luck