BAS 6.67% 7.0¢ bass oil limited

hanging on!, page-11

  1. 677 Posts.
    rengu, as people have been saying, just because they are having trouble getting through, it isn't changing th fact that there is (may be?) something down there. The only problem is that the longer it takes to reach it, the more likely they are to pull out because of costs of drilling. And if they decide to pull out, there's a hell of a lot of sunk costs (no pun intended) in a drill that brought zero income. Meaning they might possibly need to cap raise to continue other things like Oscar.
    That's my fear!
 
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