Ann: Investor Presentation-BUL.AX, page-16

Because of the increasing East Coast gas shortage BUL's acreage gets better by the day. For those interested a good comparison is the year ago sale of the Maizey block yielding SXY $42 million......to GLNG ....The figures come out at 84 cents for BUL as a comparison. Divide by 2 for my enthusiasm and you have 42 cents. Divide again for reserve and you have 21 cents....for starters. And since then gas has gone up.

These guys know what is going on. ........Ex CEO'S of SHG and STO. It is very seldom you can find a company like BUL with proven reserves ( and management ) and an increasing demand for them..And by doing nothing/holding,, but just studying the market, BUL is reaping huge benefits. Just sit tight. Defer the deals presented, study the market and await the best..

It is like buying a $600k apartment in Queenstown in 2014 and selling it recently for $1.44m. BUL's acreage gets more valuable by the day.