bul is not getting much attention in the marke, page-5

i am in for my full entitlment today, thrice over actually.

I know BUL doesnt get that much coverage on HC, however, there are a couple of fundamentals that haev changed for them and I now believe that there prospects may be turning for the better for two simple reasons:

1. The new management and ops staff are top notch and have extensive experience in dealing with the Surat basin and should serve them well.

2. They have a very clear tiered strategy that should build not only a solid reserves position, but also move them towards being able to raise more capital and exploit their larger resources in both 813 and also explore the potential in PNG

I have previously sold down a considerable portion of Blue, however I feel the company is starting to ripen and this may be the first of many longer term positions I am going to take in Blue. Lets see how the first series of drills go into 854 first. And then hopefully they can strike some good coals eadt of Dalby!

SF