This is all it needs. Others will wake up now. Makes the sellers yesterday look pretty foolish.
BOW claims 21 Tcf of CSG on its leases, has a strategic alliance with Stanwell, 20% tightly held by ANZ, and now Korea Gas about to take up a 10% shareholding and have a director on the board. Owns its leases 100%.
Recently appointed ABN Amro to get things going.
Cashed up with about $40m once Kogas buy in.
This is the best overlooked CSG opportunity.
BUL Price at posting:
20.0¢ Sentiment: ST Buy Disclosure: Held