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BLU - Blue Energy

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vine

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I am new to investing and purchased some BUL shares a few months ago when I saw that CVC invested $30m in the company. Since then its been fairly ordinary and down about 20% to what I paid. can anyone give me any idea of what is happening to them and there prospects and is it worth hanging in there- thanks
 
they have got good management and I know the exploration manager from my business dealings with QGC..... he came from QGC and now heads up Blue's exploration activities.

It'll may be a performer over the coming years - just hovering about for now.
 
Jimminy said:
It'll may be a performer over the coming years - just hovering about for now.
Click to expand...

I am still amazed that this stock has no coverage from people on here.

I have recently taken a position in this co. and believe we will continue to see a significant rerating of this stock in the next 6 months. Check out their land, their staff, and the neighbours of these tenements and you get the picture that CVC has been very astute in buying into this co.

Check it out people - it is a sleeper at present. Not a sleeper today by any standard, but at 30c still an absolute steal.
 
Jimminy,

Instead of trying to ramp the stock could you please provide some analysis to support your opinion that it is such a good stock.

Fundamental info on projects, summaries on management etc etc.

Or post a chart with technicals on it if that is how you invest.

Or do both

Thanks

Prawn
 
BUL is certainly having a good run these past few days. I don't have any and don't plan to get any.
 
prawn_86 said:
Jimminy,

Instead of trying to ramp the stock could you please provide some analysis to support your opinion that it is such a good stock.
Click to expand...

ok ok - guilty as charged. Reading back I was a little excited at the rise today and should have refrained a little. Apologies.

But I do find it hard to understand that basically there is no holders of this stock on here when csm plays are in favour.

As for anaylsis, I pointed out what they need to examine. I'll leave that to people's own devices.
 
CSG acreage east of Injune has returned positive desorption results.

The cores and well data they've taken have allowed for the areas to now have a target of 250Pj.

With a high pressure pipeline running directly through the block it is a great announcement. Now to extend their knowledge of this area and hopefully increase the target over time.

Well done Blue Energy.

Soon enough people on here will notice the one getting away.
 
[FONT=&quot]OK Jimminy - here's some summary info you could have posted long ago to get some interest!![/FONT]

[FONT=&quot]BUL Blue Energy [/FONT]

[FONT=&quot](from www.blueenergy.com.au and BUL announcements to ASX)
This .pdf presentation makes interesting reading : http://www.blueenergy.com.au/announcements/080222_BUL_US_Presentation.pdf
[/FONT]
[FONT=&quot]Staff – 3 ex QGC people plus other experienced personnel[/FONT]
-[FONT=&quot]CEO Bill Williams; [/FONT]
-[FONT=&quot]COO Ray Johnson [/FONT]
-[FONT=&quot]Bruce Anderson.[/FONT]
-[FONT=&quot]MD Sharif Oussa - geologist and former resources/finance analyst.[/FONT]

[FONT=&quot]440M ordinary shares - @ share price of 30c Market Cap = $133M[/FONT]
[FONT=&quot]Cash position at end of March 08 Qtr = $28M +.[/FONT]
[FONT=&quot]Major shareholders holding over 50% [/FONT]
[FONT=&quot](include ANZ ~ 26%; CVC ~ 20%; Fortis (attached to Dutch Fortis bank?) ~ 6%).[/FONT]

[FONT=&quot]CSG Tenements of 27 100 sq klm - vast majority 100% owned by BUL[/FONT]
[FONT=&quot]# This is a large holding! - apparently 2nd largest CSG land holder (after AOE) ! (Their chart doesn’t show ORG or STO)[/FONT]
[FONT=&quot]# Tenements spread over different basins: Bowen; Surat; Clarence/Moreton and Maryborough!, and mostly near existing CSG fields and pipelines.[/FONT]
[FONT=&quot]+ PLUS - 5 600 sq klm conventional acreage in Australia (SA and Qd)[/FONT]
[FONT=&quot]+ PLUS - 67 000 sq klm offshore in PNG.[/FONT]

[FONT=&quot]Looking at CSG tenements alone:[/FONT]

[FONT=&quot]ATP 854P & ATP 817P = both targeting Bandanna formation coals – which are currently in CSG production at Fairview (Santos) and Spring Gully (Origin)[/FONT]

[FONT=&quot]ATP 854P (100%) – located at & south of Injune (a little west of Origins Spring Gully).[/FONT]
-[FONT=&quot]Existing gas pipeline runs through this tenement ! [/FONT]
-[FONT=&quot]2 wells drilled – 3-5m of coal – testing confirms gas.[/FONT]
-[FONT=&quot]Now targeting 250PJ in the ‘Cerulean’ block – right near existing pipeline.[/FONT]
-[FONT=&quot]More expl drilling to confirm & extend this resource.[/FONT]

[FONT=&quot]ATP 817P (100%) – larger holding of split locations. [/FONT]
-[FONT=&quot]Currently drilling 55klm NW Injune.[/FONT]
-[FONT=&quot]First hole confirms 5m coal, [/FONT]
-[FONT=&quot]Two more drilling to characterize the coal extent.[/FONT]

[FONT=&quot]ATP818P – East of Goondiwindi [/FONT]
-[FONT=&quot]In the southern end of the Walloon fairway and targeting Walloon coals of QGC, AOE fame.[/FONT]
-[FONT=&quot]This is just south east of ICN ATP626P – which has just had some exploration – three holes confirming Walloon coals up to 15m thick.
- awaiting some results here.

------------------
[/FONT][FONT=&quot]On the strength of their large acreage + 'nearology' + continued strength in all things CSG... I have bought a small parcel of BUL and will look at buying more if/when I can find some cash to invest.

As always - Do Your Own Research - Dukey.
[/FONT]
 
thanks Dukey.....but as far as I am concerned people can do their own research.....I'm not going to yell from the roof tops on this one.

People will notice it soon enough.
 
Jimminy said:
thanks Dukey.....but as far as I am concerned people can do their own research.....I'm not going to yell from the roof tops on this one.

People will notice it soon enough.
Click to expand...

Please yell as loud as you can. It's my pick this month as a super spec although I haven't had enough confidence to buy in yet. If I held though I would be thinking it is not a good time to sell.
A good post Dukey.
 
Jimminy said:
thanks Dukey.....but as far as I am concerned people can do their own research.....I'm not going to yell from the roof tops on this one.

People will notice it soon enough.
Click to expand...

yup - bit of a jump today making new highs...

doesn't hurt to have the company basics together in one place for folks to see. but it's to every investor to check for themselves and make their own decisions.

keen to see some more results - esp from the goondiwindi tenement.
 
Dukey said:
yup - bit of a jump today making new highs...

doesn't hurt to have the company basics together in one place for folks to see.
Click to expand...

Yep, it's called a company website....

News will come soon enough with these companies. And yes, certainly not a time to sell, but who are we to know what will occur in the next few months.

It still has a reasonable market cap so I am not going to say it is completely undervalued at the present time, but it's prospects are diversified and large.
 
keep in mind that not a while ago was there speculation of talks between BUL and SGL..

just another point of interest i would make people aware of
 
looks like another CSG play is close to breaking out.

given the huge amount of money/interest being shown by overseas companies to grab a slice of quality queensland CSG assets as shown by the Origin takeover offer, the Santos and Arrow deals, it wouldn't surprise to see plenty of attention now being foccused on BUL.

BUL is second in landholding size of the juniors to only Arrow, and with plenty of exploration underway and a quality management team headed by plenty of former QGC staffers things are looking very bright for BUL at the moment.

check out the recent presentation as a guide to how significant the BUL landholdings are.

http://www.blueenergy.com.au/PRESENTATION/Blue_Energy_Presentation.pdf
 


Yep - certainly jumping today - 41c now!
wish I had been able to buy more

A relevant question in my mind is .. since ORG have rejected the revised BG bid.... will BG look elsewhere for CSG reserves - and if so who will they be looking at?
Pure speculation of course - but looking at the acreages - QGC doesn't actually have that much - less than 10000 km² in fact - BUT the areas they do have are all top notch prime CSG walloon fairway.
BUL have large holdings over a wider area - but quality is mostly unproven as yet. If they can get some good drilling results on the board then... things could get very interesting.
Of course having a few ex-QGC staff on board shouldn't hurt either....

-Dukey
 
Dukey said:
since ORG have rejected the revised BG bid.... will BG look elsewhere for CSG reserves - and if so who will they be looking at?
Pure speculation of course
Click to expand...

There is a mad scramble on at present and BUL are now being noticed for their large land holdings that potentially may land the co. and holders a windfall.

42c is only the start imo - I won't make a prediction but this company excites me greatly. It has the key ingredients: 1. successful and proven management with appropriate contacts; 2. Technical expertise in the field; 3. large acreage in CBM prosperous areas. 4. Lack of major announcements to date.

Once BUL can start to release some targets from drilling undertaken we will start to see what we are sitting on here.

For now maybe it can settle down and consolidate in the 40-50c range.
 
For those on the CSG bandwagon lately:
here's an in depth presentation from BUL (Sharif Oussa) on Board room radio. - about 20min long - but well worth a listen.

http://www.brr.com.au/event/46989

Highlights their large acreages and good locations next to successful projects; recent drilling, with gas in place estimates soon.

Follow the presentation with the recent .pdf presentation at the same time.

think I might need some more of these cause sooner or later the market will realise the value of their assets.
-(holding) - dukey.
 
Jimminy said:
News will come soon enough with these companies.
Click to expand...

Sharif Oussa (director, founder) has let it slip that gas in place numbers will be released in the next few weeks - in this oral presentation at gold coast.

http://www.brr.com.au/asx/BUL

If you have a spare 20 minutes I'd highly recommend listening to it if you have been thinking of investing some of the hard earned into a CBM explorer.

I believe this presentation is the reason for the increased volume over the past 2 days.

cheers.
 
Jimminy said:
Sharif Oussa (director, founder) has let it slip that gas in place numbers will be released in the next few weeks -
Click to expand...

Gee, that didn't take long....lol

BUL has a 21tcf estimate for gas in place. Given their location in Eastern QLD there can be some significant upside for BUL as their acreage is adjoins producing gas fields, such as Spring Gully.
 

Gas in place estimates through..... a git quicker than expected.:

Prospective resources: >21 Tcf - which as far as I can work out should equate to a target of something in the region of 2000 to 2500 Petajoules. (not sure of the exact conversion rates between Tcf/Bcf and Joules for CSG - but roughly 1Bcf ~ 1Pj????? anyone ???? ).

This is for it's 100% owned tenements 814p 817p & 854p.


For other BUL tenemements - with less exploration data - they provide GIP figures of almost 19000 Bcf (~ 19000 PJ!!) - much of this is attributed to ATP813P - will investigate this one a bit more.

All in all pretty impressive figures - though essentially targets to be proved up with drilling - is my take on it all.

What do you guys reckon?

-Dukey -( holding BUL)
 
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