BUL 7.14% 5.2¢ blue energy limited

It's good to look at options however building a gas fired power...

  1. 143 Posts.
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    It's good to look at options however building a gas fired power station is not cheaper than a pipeline, and this type of power is generally used as a "peak load' facility which is remotely turned on during peak energy consumption periods generally early mornings and late afternoons in summer.
    Gas power stations do generate substantial profits currently but do not think that this is an option for BUL.
    the best option on the table is to await Arrow Energy conducting their Bowen Gas Project which is in early engineering stage and then throw a hose over the fence. This will mean a low CAPEX and will minimalize dilution. It is a couple of years away but this is the most likely option to proceed. All in my opinion of course and I hope all the best for BUL holders whichever option eventuates, I do hope it doesn't wear shareholders out as they have a good amount of reserves.

    wanderdog
 
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