The oil and gas business is a loooong run business. Even if BUL contracts more than one drilling rig, builds pipelines, processing units and a compressor station for a single CBM gas field, for sure it will take more than 5 years till we see profitability. But that`s the nature of this business.
Premature takeover? Great.
Peak oil is nonsens, because we have or will have a plateau oil production.
One of many reasons for the run in Australia: you can sign reliable contracts with low political risk in Australia. Great for the E&P business when your options are Irak, Russia, Sudan,Pakistan, Iran,Kasachstan,... And/or technical reasons when your optiona are for example deep water drilling or the beautiful out back of QL with trillions of blow-flies
Future will proofe
BUL Price at posting:
21.5¢ Sentiment: None Disclosure: Not Held
