kogas and bul

Just turned the computer back on and see a couple interesting things:

1. MPO had a price sensitive announcement! Pity it was just an announcement from MEL, but its a start. The NSW acreage is ascribed no value whatsoever in MPO's share price, so if they do get a decent show of gas then it is all upside there.

2. KOGAS has bought into BUL. Surprised that no-one has mentioned this yet.... That is MAJOR industry news, as it shows that big gas and oil companies are all still circling trying to get a piece of Australia's CSG. We have had BG Group, Petronas, Conocco Phillips, KOGAS, Shell, CNOOC all take pieces of the pie of late. The industry consolidation is going to continue for sure, and maybe sometime soon the market will receive the wake up call as to how valuable MPO's QLD assets are.

Deeman... thanks for answering wanelad1 re the Anglo Sale. Given the KOGAS buy in to BUL, I think this is going to have even more importance now.