BAS ITR

re: Ann: ITR: Australia Update - PEP 167 Proj... Agree with K,...

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  1. ronstieb
    9,058 Posts.
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    01/12/10
    16:37
    Post #: 7552822
    re: Ann: ITR: Australia Update - PEP 167 Proj... Agree with K, they'll probably topup cash pre spud.
    However I think it will be a modest CR (if any) and probably a RI going by previous form.
    The last AR estimated W#3 to cost $2.6mil ($1.3mil net to BAS).
    Current cash is $3.4mil. Assuming they still have ~$3mil by spud time, then a small CR of $2-3 mil should keep cash at decent levels after W#3 costs.

    Good to see some interest building and I note Oil and Gas Weekly added BAS to its portfolio last week.
    BAS Price at posting: 2.8¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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