Can see this going no where for another 10 yrs. If GLL, COI and STX getup then bul will be a stranded much like the last decade.
I'm sure the bul permabulls will disagree. Just my opinion. Especially if they continue no derisking work. They would do well to follow COI lead and prove up how good there ground really is and givr the majors a reason to open the basin up.
Jemena and GLL opening the galilee basin with COI doing both sandstone and csg could force the bowen basin to be skipped
BUL Price at posting:
9.5¢ Sentiment: None Disclosure: Not Held