To me it is a given. Korea needs energy. China and Korea have already invested in Canadian tar sands. What does that tell us? There is a looming energy problem.
Kogas is a HUGE international player. They have researched what BUL has and have invested accordingly.I would not be at all surprised to see them increase their stake in BUL and it would give me great delight to see them take out the ANZ stake and let us get on with building a major CSG company.
This is exactly why I invested in BUL. 1. A large domestic shareholder in Stanwell Corporation who can utilise our ramp up gas immediately. 2. A HUGE international shareholder in Kogas who can take our volume at international prices to the Korean market. 3. A VERY large acreage. In fact on a per capita basis...one of the best.
Stick around ...this is going to be good.
BUL Price at posting:
22.0¢ Sentiment: Buy Disclosure: Held
