Polly1 who attended part of the AGM reported that BUL would wait until someone builds a pipeline who would need our gas. I read that construction of the pipeline would take 2 years, and then the design work for the the pipeline means that potentially BUL or a buyer of the gas is 3 years away from being able to extract gas.
Polly1 also indicated that APA had given the old idea the boot as well. I am unclear on this and does it mean that the MOU with BUL is dead and buried?
I would suggest that if niether a GSA or confirmation of a pipeline aren't forthcoming before the next AGM then shareholders will vote accordingly. Remember gas prices have never been better and BUL have been talking about a GSA for over 2 years now.
2019 will be a determining for this company and its management.
BUL Price at posting:
4.7¢ Sentiment: Hold Disclosure: Held
