Just to add to my previous post - AED offered $155 million for NXS's Longtom Gas project in Bass Strait , but delays to the project startup saw AED walk away from the deal . Our hypothesis is that AED is obviously looking to geographically diversify into Bass Strait proospects/production and with BAS owning Longtom gas style prospects close to existing infrastructure ..... Personally I don't think it is such a stretch of the imagination considering the marcap here . $6 million versus $155 million .
BAS Price at posting:
3.8¢ Sentiment: LT Buy Disclosure: Held
