Hi Jake,
I notice that BUL sp is about 8 cents.
The market clearly doesnt believe that they can prove up the reserves anytime soon.
I dont know the results of the BUL wells that were drilled but in ICN's case the results were not good.Forget the media comment and most of what you read here. Base your decisions on research, particularly track record.BUL shareholders must like their management more than ICN shareholders like their management.
Be thankful that ICN and BUL didnt go straight to a GSA like Tap Oil did, without having the reserves.Tap couldnt deliver the required gas when required and last time I looked they were the subjects of what could be a very expensive and ugly court case.
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