This stock has done nothing for years and the management has done even less.
Yep, not a lot happened (no drilling) in the last 3 years.
Last weeks issue of Oil and Gas Weekly had some tables showing junior oiler profit/losses and CEO salaries.
According to the table, Andrew Adams (BAS CEO) was paid $352,410 salary for FY2010.
Given they haven't drilled for 3 years, and had an exploration manager on ~$250k per year to stare at old seismic, then what, on a day to day basis does Mr Adams actually do ? Does he even turn up to an office or just work from home ?
Anyway, BAS is by no means the worst offender. BAS management salary's appear average for a junior oiler. Problem is, the whole industry is a rort.
I started accumulating 2 months ago, average entry 2.4cps.
Reluctant to pay more than 2.5cps given the state of things.
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- Ann: Annual Report 2010
Ann: Annual Report 2010 , page-7
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Last
7.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.33M |
Open | High | Low | Value | Volume |
7.3¢ | 8.0¢ | 6.8¢ | $75.53K | 1.069M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 14408 | 6.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.0¢ | 238864 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 14408 | 0.067 |
1 | 10000 | 0.064 |
1 | 70000 | 0.063 |
1 | 81000 | 0.062 |
5 | 1185434 | 0.060 |
Price($) | Vol. | No. |
---|---|---|
0.070 | 238864 | 1 |
0.080 | 107018 | 3 |
0.090 | 55000 | 1 |
0.095 | 10750 | 1 |
0.099 | 20000 | 1 |
Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
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BAS (ASX) Chart |