BAS 1.67% 6.1¢ bass oil limited

Ann: 2023 Reserves and Contingent Resources, page-23

  1. 3,804 Posts.
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    I would hope so. My theory is it was sold down by sophisticated investors in their hopes of getting a low placement, they keep putting 89 everywhere 89=hi lol.

    Valuing BAS is hard because they are trying to spend Kiwi on pipelines and other infrastructure possibly even for pel182.

    I value it at well above 12c though even in the 20's and then if they strike in pel182 45c to $1 or so... problem is the failing Cooper wells are causing delays, and delays are not great for option holders like us, I think I have more options than you, ahahaha
    Last edited by Money_Maker: 15/03/24
 
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