Ann: Chairmans Letter/Notice of Annual General Meeting/Proxy Form, page-7

If you compare BUL to their peers then they run the show on a shoestring. These incentives/performance options are like they say....for performance.They may be vested, they may not. I hope they are. The two Johns know this industry backwards and are planning to take BUL to new highs. It is a game of numbers. BUL have the numbers and as outlined , Gallilee could add substantially

It is pretty obvious that the 2 J's are not going to sign up any deal that does not reflect the reality of Australia's energy shortage. Some people are living in the expectation of some sort of magic from the politicians to reduce energy costs. Australia is staring at a pretty bad situation and when more coal fired power stations close down it will become apparent just how bad things are. The experts are predicting a surge in price to $15 by this December. The best thing the Aussie Govt could do now is encourage drilling.

If they don't it won't be called the Lucky Country for too much longer.

It is good to see that the company continues to be confident of completing a Gas Sales Agreement.

Keep the faith.
Best to all holders.