Hi Basers.Just a few points:1. Nice to see BAS starting to make...

Hi Basers.

Just a few points:

1. Nice to see BAS starting to make solid pre-spud inroads now. I know that Windermere is a relatively small play but given the previous oil flows in 1987, this really is an appraisal rather than a straight wildcat. Close to markets means that any flows could be quick - in the oilgame terms - to get $$$ into the BAS coffers.

2. Happy to see Adelaide Equities starting to throw their weight around. Let's face it - BAS have done precious little for over 2 years. With Adelaide Equities on the board and keen to see their investment grow, suddenly we should see some renewed enthusiasm to get deals done.

3. Given Adelaide Equities sudden appearance on the board, one would think it is unlikely that they plan to dump large amounts of recent SPP stock. This is good news for the SP as we want to see it grow as spud approaches.

4. Just wondering? A few recent buys...wonder if Adelaide Equities might be buying a few more on-market while they are still cheap. Might give them added leverege with the board. Hope they get to know the Chinese quite well very soon.