Another qrtly padded out with overseas and local market...

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31/07/18

16:56

Post #: 34651878
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Originally posted by Kipper01 ↑

Not an unexpected Quarterly. But some good info there if one cares to keep the mind open, connect the dots and not be too bored and frustrated with the GSA wait …

Overseas countries are paying more for their gas than we are .... and prices are trending up. Adding impetus for the big fish to get hold of more gas to sell to the growing O/S markets. BUL's tenements become more economic and profitable by the day.

Two Bowen Basin big boys are obviously very present in calculations for more gas: STO (and GLNG) and our immediate tenement neighbour, ShellPetrochina. The former (it's public knowledge) are very short gas; the latter to capitalize more on China demand. Does this also add more urgency and weight to getting a pipeline happening short term? This detail probably doesn't matter, short term, all that much. Either way, momentum and trend are on our side.

Management is very quiet, because confidentiality agreements dictate this is how it must be. The less they are saying to us, the more they are talking to other parties is a very real possibility.

Kip

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Another qrtly padded out with overseas and local market conditons.... yawn

At least the explanation about stanwell and kogas was worthwhile.

Time for a change in management and/or strategy imo

BUL Price at posting: 9.1¢ Sentiment: Hold Disclosure: Held
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