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1.67% 6.1¢ bass oil limited

Ann: Bunian 5 Drilling Update, page-11

  1. bchittle
    18 Posts.
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    07/10/19
    19:01
    Post #: 40761806
    Based on comparisons with other oil minnows, fair value would be 1-3 cents as soon as we start producing around the 1500 BOPD mark. If you take the middle, it's probably a sell at 2 cents.

    All of this is on the assumption that there are no further acquisitions announced...wish seems unlikey given Tino's own growth strategy. If we're steadily growing, it's a LT hold IMO.
    BAS Price at posting: 0.3¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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