IMO we will see the sp moving up slowly but steady. The fundamentals are in favour with a domestic gas supply shortage and the estimated export figures still exceeding the estimated production figures.
Even if BUL would do nothing in the next 2 years the interest in its tenements will grow. But I am sure they are aware of the fortunate position BUL is in and will, as they stated many times, do what they can to prove up the reserve.
Examples :
PES sold for $ 8.00 a shares, at least above 1 billion, AOE sold for $ 5.00 + a share, at least above 1 billion QGC sold for $ 3 / 4.00 a share, 1.3 billion
BUL's current MC at about 50m, so there will be a huge increase in the sp sooner or later
BUL Price at posting:
4.4¢ Sentiment: LT Buy Disclosure: Held
