I am sure the chimaera finance / anz issue has scared investors and the others just paniced. Yesterdays article about QGC said that QGC has just 1/3 of its needed gas for their planed LNG-Project confirmed. Therefore they need more acreage,drilling equipment and money. The two last things will be provided by BG, but only two companies have the land. AOE and BUL. AOE is tied up with Shell, Bul is the only "free" one. Won't take long and someone from overseas will buy a stake to secure their interests. At least I hope so and the selling will stop.
BUL Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held