Kogas is a very powerful Korean govt backed co, and imo it is KOGAS dream for the gas highway, not blues, blue will JV for the ride. For BLU to have major role would require too many cap raises to bother holding blue.
So its a case of 10% of a billion dollar assett is better then 100% of a 10million assett.
Either way its massive exposure and upside for BLU. This will arouse a lot more interst. I also would expect it to now make it onto the speculative radar of several market commentators and brokers.
BUL Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held