BUL 7.14% 5.2¢ blue energy limited

bul is not getting much attention in the marke, page-5

  1. 4,234 Posts.
    i am in for my full entitlment today, thrice over actually.

    I know BUL doesnt get that much coverage on HC, however, there are a couple of fundamentals that haev changed for them and I now believe that there prospects may be turning for the better for two simple reasons:

    1. The new management and ops staff are top notch and have extensive experience in dealing with the Surat basin and should serve them well.

    2. They have a very clear tiered strategy that should build not only a solid reserves position, but also move them towards being able to raise more capital and exploit their larger resources in both 813 and also explore the potential in PNG

    I have previously sold down a considerable portion of Blue, however I feel the company is starting to ripen and this may be the first of many longer term positions I am going to take in Blue. Lets see how the first series of drills go into 854 first. And then hopefully they can strike some good coals eadt of Dalby!

    SF

 
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Currently unlisted public company.

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