SF, OK, make it three years. All the back up info is in BUL's recent presentations. 3 Year Target 4800PJ. My pick is an offer comes earlier.
PURE ( PES ) went from 10 cents to $8.35.
BUL could easily get a $2 offer if ATP 814P ( GIP 3.7 TCF ) and ATP 813P ( GIP 15.3 TCF ) have good results. And 814 is off to a very good start.
The Galilee could outperform the Surat. I hope so. I, like you, loaded up early.
ps The National Oil Companies now control 95% of the world's oil reserves and produce 50% of the world's oil. And the world's top 20 oil fields are declining at 9% per annum.
These are some of the reasons why the Majors ( read Kogas as being a Major ) are doing everything they can to increase their energy reserves in politically stable countries.
Kogas are the largest importer of LNG in the world and run 3 LNG plants. They didn't get invoved in BUL ( 813 and 814 ) for nothing.
Things are starting to really look good for BUL.
BUL Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
