Well, we finally have a good word in the newsfeed - full article...

Well, we finally have a good word in the newsfeed - full article is here (Herald Sun - Business section):

http://www.heraldsun.com.au/business/in-the-black/hectic-market-wheels-and-deals/story-e6frfinf-1226119952906

The bit that is good for us that hold BUL:

"... but there are some other avenues for CSG consolidation in the sector that are still back at the platform.

One is Blue Energy, which has the advantage of being a neighbour of Arrow's producing acreage in the Bowen Basin.

With full ownership of some highly prospective blocks that are next to existing pipelines and producing projects, some more drilling should add some contingent resources and eventually more 3P reserves for Blue.

Blue also has some interesting acreage in the Maryborough Basin very close to Gladstone which looks like being prospective for conventional, coal seam and shale gas or even all three.

Blue also has some good acreage in the Galilee Basin which has seen some majors bid very aggressively to farm into projects.

That could potentially happen for Blue because it is in a good position in the basin with access to extensive thick coal seams.

Add in some interests in the Cooper and Surat basins and Blue has a good range of exposure to most of the good hydrocarbon basins in eastern Australia with plenty of potential to add value through further drilling and adding to reserves.

Making Blue Energy a speculative buy on future weakness even after it jumped alongside all of the other CSG juniors after yesterday's Bow Energy deal."

Cheers to all holders, hope this gets us back closer to where this stock should be!