Good chance of Trading Halt Monday before open pending the flow rates from the K1 sandstone.
I reckon it will flow even better than the TRM 3 sandstones given the results from Cooper Energy's Bunian 3 ST2 result in 2015.
In their own words..
"...The K1 sand flowed for 18 hours at a flow rate equivalent to 1,590 barrels per day through a 1/8 inch choke, with a flowing tubing head pressure of 1,050 psi. The flow, which consisted of 41 API oil and gas with trace water, was choked back from an initial rate equivalent to 2,400 barrels of oil per day due to surface test facilities constraints..."
Might even see a bit of buying before close.
We have worked through a lot of 0.3c stock this week, placement and stale bull selling feels exhausted.
Touch 0.5c by end of next week imo.
BAS Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held
