Investing2012, BUL have already done their drilling and have...

Investing2012,

BUL have already done their drilling and have proven resources ( substantial ). Which are being negotiated.

Management/ Directors have considerable experience and compared to their peers are running this company very economically. They have just downsized their offices.

Aussie oilers are way overpaid but in BUL's case I see no 'snout in the trough' . ... Although I would back a resolution to the effect that their remuneration is halved until they announce a Gas Sales Agreement.

Australia needs all the new supply it can get. Australia is short on gas. Huge Investment is urgently required. See latest BUL preso.

Sentiment is at an all time low yet the basics of the Baker report remain intact. In fact, just by waiting , it gets better.

Keep the faith........the numbers have not changed and interest in Aussie gas is increasing.