What a disappointment for Tino and BAS shareholders.
Bunian-5 looks like it is going to be a transformational moment in the history of Bass Oil.
But all we see is sellers stacking the offer @ 0.3c
If you were cynical you could conclude that the recent Rights Issue Shortfall went to mostly pip flippers with no interest in seeing the company succeed.
Let's hope Tino can come up with a good headline flow rate so we can wash out these "sophisticated" Shortfall pip flippers once and for all, then we can get some real value being attributed to the company!
We should already be bid 0.4/0.5c leading into the production results given what we now know about the oil columns in the two intersected primary targets.
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Ann: Bunian-5 to be Completed as Oil Producer, page-60
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1 | 7328 | 0.097 |
1 | 50000 | 0.095 |
2 | 118103 | 0.091 |
3 | 60600 | 0.090 |
Price($) | Vol. | No. |
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0.105 | 30000 | 1 |
0.110 | 125000 | 3 |
0.115 | 110000 | 2 |
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