The advantages of BUL from an investor point of view is that it has significant acreage in Queensland the current hot spot for csg production and corporate activity. It has a sales agreement with Stanwell for provision of gas for electricity generation which will help it defray costs of further devleopment proving up reserves. It has some $16m still in cash so not running out as one poster suggested here.
OPES Prime fiasco had appeared to put the stock in the "don't touch with a barge pole" category but with all the current interest then market is waking up to the fact that its dirt is really extensive and already demonstrated good csg potential.
Look for a close today around 28 cents.
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- one of the few undervalued csg stocks left
one of the few undervalued csg stocks left
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Currently unlisted public company.