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Hi JT
Also Galilee energy GLL. Bit more expensive SP 66c (up 10c on today's news). They a different story just need to complete dewartering to get total desorption should be fait accompli for reserves certification. 2nd largest uncontracted gas field after BLU. GLL were targetting 500pj but after latest drilling/dewatering are expecting 750/1000pj. Brker reports from couple years value up to $3 share. 261m SOI.
http://galilee-energy.com.au/wp/wp-c...esentation.pdf
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Thanks.Another announce by BLU today.
Gas Led Recovery 3 pages 413.0KB
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Cheers JT. I'm all over it.
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Holy Tomoley. GLL up 17% or 11.5c so far today.
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Here is a brker report from 2017. All factors are relevant today. The broker is Stuart Baker. He is a top 20 SH in BLU.
https://blueenergy.com.au/files/medi...inal250917.pdf
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https://blueenergy.com.au/files/medi...s_handbook.pdf
Blue Energy BLU formerly BUL might be of interest to those with patience and a longer term strategic outlook.
Blue has one of -if not the -largest 3p reserves of any CSG company in Australia. After sitting on the acreage for years
CEO John Elice Flint decided to raise $10m to prove up 2p reserves.
This will involve testing pilot wells to enable certification of 2p reserves. If they manage to prove up significant 2p reserves this
should make BLU a takeover target at a significant premium. Even though the glory days of CSG have long gone the fact remains
there is a significant shortage of gas on the east coast of Australia. Those institutional investors who piled into the capital raise at 5.5 cents
must see potential. I hold and am cautiously considering buying more. D.Y.O.R.