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Ann: Bass To Acquire Australian Oil And Gas Production Assets, page-20

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hanna911

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12/07/21

14:03

Post #: 54443347
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Originally posted by ricky99: ↑

Worrior has been drained for years so COE is just dumping it before the abandonment costs need to be paid for. Its cheap for a reason. I think COE just see BAS as a place to offload old assets that have seen their best days. Its the sort of deal that suits both players - the larger one whose overheads make it not profitable, and the smaller player who is buying cashflow and hopes with higher oil prices and technology advancements they can squeeze more out of it.

Overall it looks like a marriage made in heaven, apart from for shareholders who will be diluted more or the money will be borrowed at some high % rate secured against all the company assets. Not sure if the plan was that this would put the options in the money which then would pay for this and the indo drills, but not sure if the options being paid up would raise enough?

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Also just how much are they wanting to raise when it says Fully Develop Assets, obviously not going to be $650,000

BAS Price at posting: 0.3¢ Sentiment: Hold Disclosure: Held
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Ann: Bass To Acquire Australian Oil And Gas Production Assets, page-20

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

BCI reaches close of funding facility for salt-first part of Mardie project

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Buxton projects new graphite province discovery at WA Narryer play

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

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Ann: Bass To Acquire Australian Oil And Gas Production Assets, page-20

Top Stories

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Cokal upgrades infrastructure for BBM ramp-up in Indonesia

BCI reaches close of funding facility for salt-first part of Mardie project

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

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White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

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Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Featured News

Buyers (Bids)

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Featured News