What a mess. NEG dead. Turnbull possibly dead. Liberal energy...

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kiwitrev

1,874 Posts.

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21/08/18

05:55

Post #: 35050706
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Originally posted by Kipper01 ↑

trev,

I think you're circling in the right direction here...
(and a message here for Tully if you are reading, Blue has extensively drilled their tenements which was not the impression I gave you last week, though CSG (Blue) and BCG (Real Energy) are very different animals.

Yes, currently the reserves/resources numbers from the Breakaway Report for Bowen-ATP-814P read 2P 71, 3P 298 and 3C circa 3000. Not sure there is any plan to upgrade these certifications as "these'll do" to attract good interest, all going well. These reserves are described as "high quality" by Stuart Baker in the report as you no doubt read.

Re Kogas; well as a part participant in GLNG, I'm not sure if GLNG itself as an entity would be a buyer, or one of the members of GLNG (latter, one would believe???). In any event, given Kogas' involvement with GLNG, any connection - direct or indirect, they may have if a deal were done with BUL, is now unmuddied and clean given they are out of Blue as a major holder and at Directorship level. Given the existence of Confidentiality Agreement(s) fair to assume that discussions and investigations which can be time consuming are happening in the background though the "water at the surface appears quite undisturbed".

I presume you blokes won the rugby(?) as you usually do... Enjoy the rest of the weekend. It's bloody freezing in Melbourne today - time to light the fire!!

Kip

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What a mess. NEG dead. Turnbull possibly dead. Liberal energy policy all over the shop. Regardless of how it turns out in the next little while it seems ever so likely that Labour a shoe-in at next election (early?) and they/Greens totally anti coal which can only be good for gas. We have all the ingredients for a cake, just need it to be baked.

BUL Price at posting: 7.5¢ Sentiment: Buy Disclosure: Held
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