BAS 4.76% 7.0¢ bass oil limited

friday, page-10

  1. 383 Posts.
    spud 21 december It only trade through 18,000 shares at .61 and it was made up of three small orders. All in all it was really good news if you are prepared to make. The 17m oil leg doesn't seem to be recoverable, but if it turns out that it is there is massive upside there. My broker has a.69 recommendation revised after the AGM with upisde potential of $3.00. Also it's been kicked around that the 135BCF of gass from Moby could turn out to be 200BCF+. All in all BAS offer better leverage and potential than NXS which in my opinion is way over priced.

    I hope not too many people lost in on this one today. But a nice last minute recovery.
 
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