Once they have a few more wells these small oilers can be worth just over 30 million market cap. The options will keep it under this though. There may be chances to buy it for under the current market cap of 9 mil when it consolidates. I don’t know how to get it for 0.0015 right now maybe not through the asx… beyond me. So it will be interesting to see what happens later.
Ann: Bass Expands in Cooper Basin & Completes $1.2m Placement, page-43
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