"CSG juniors" will be in serious huge demand as Santos & other majors now scramble to increase their reserves & tenement acerage in the Surat & Bowen CSG basements of QLD & to a lesser extent NSW.
BGC-British gas corps. $13 BILLION for ORG. at a 40% premium only underpins the "Undervaluation" of OZ csg coys.
Blue Energy - BUL- are a junior with huge potential & currently just began an intensive drilling programme.
* 2nd largest CSG portfolio in Aust- 100% BUL
* 67,000 km2 PNG gas & oil leases- 100% BUL
* Cooper Basin gas & oil leases-JV farmins
* Technical management EX - QGC
* $30M Bank
* Istitutional holdings ~40%
* drilling intensively ATM
** currently @0.27 -not for long.
STO , ORG , QGC & AOE....."WILL NEED" their massive resource bank....
** So huge leverage or a T/O @ considerable premium.**
"40% premium for ORG -on first offer"
Don't hesitate & find yourself lamenting the missed opp. of a watershed event.
** View coy presentation on BUL site dated 22-2-08.**
coal seam gas
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