No. of Recommendations: 1
Hi

Bula Resources of Eire, Southern Ireland. A desperate oil player in Libya and other countries.

Persuaded through newspaper articles back in late 90's to invest and watched as the price reduced towards a penny.

Saw that the ex-Taoiseach (President) Albert Reynolds had been brought in and bought some more, investing that year's bonus in the process, thinking that this upstanding old fellow must be above any skullduggery. Later discovered that this was not quite true.

http://boards.fool.co.uk/also-sunday-independent-irish-last-...

Subsequently a Daily Mirror investment tip had me dip in again and the shares doubled again.

http://www.thisismoney.co.uk/money/news/article-1573153/Bula...

Did I sell? No, no-one had told me to I suppose and I was still an optimist.

Then it fell away again resuming its inevitable course of self-destruction, and was finally wound up in 2004.

http://uk.ask.com/question/what-happened-to-bula-resources

Lately it seems to have been resurrected with the same men around as before, but if the shares ever become available, I certainly do not want to know!

http://oilbarrel.com/news/bula-share-price-rises-on-false-st...

God bless all who sail in her.

David
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