Appreciate the reply mate Will watch BAS closely

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Buick33

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22/10/19

08:44

Post #: 40999902
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Originally posted by saltbus: ↑

I only recently bought into BAS. I made some money on BAS years ago when it was doing the Bass Straight drilling. It was 60/70 cents then.

I bought into BAS because they were producing oil and were drilling a ‘sure’ thing. The area is covered by 3D and the company has a MC of $5/6 Million. I hope to buy more on the announcement that they are producing another 700 bod. The Indonesian regulations seem OK. I see a lot of upside in BAS. If Bunian 5 is a duster I will bail out and take my loss, I’m not thinking this is likely.

I posted a lot on WBE because the posters were so negative and even after finding oil in November the share price didn’t go up so I kept buying as many as I could. WBE has a lot of upside.

Only the future will tell us which has the most upside out of WBE and BAS. The Bunian oil wells are better producers that Wizard Lake historically, but Rex 2 and that area may be a superior oil producing section of that field.
I see a possibility that Bunian 5 might produce oil at a higher rate than the predicted 700 bod. That would change the outlook.

Both BAS and WBE are in areas where there are opportunities to purchase leases with known oil deposits.

Both could be making real decent profits from their oil production by next year.

Today WBE has a MC three times BAS, and if Bunian 5 goes into ‘immediate’ production then BAS will be producing three times the oil that WBE currently is.

I like to hedge my bets.

Saltbus

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Appreciate the reply mate

Will watch BAS closely

BAS Price at posting: 0.2¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 11.0¢		Change 0.005(4.76%)		Mkt cap ! $30.49M

Open	High	Low	Value	Volume
11.0¢	11.0¢	10.5¢	$7.779K	71.18K

Buyers (Bids)

No.	Vol.	Price($)
2	30000	11.0¢

Sellers (Offers)

Price($)	Vol.	No.
10.5¢	31965	1

View Market Depth

No.	Vol.	Price($)
2	30000	0.110
1	11931	0.105
4	159555	0.100
1	119386	0.099
3	154227	0.090

Price($)	Vol.	No.
0.105	31965	1
0.110	4850	1
0.115	343191	2
0.120	116552	2
0.125	75666	3

Last trade - 15.57pm 10/09/2024 (20 minute delay)

BAS (ASX) Chart

Appreciate the reply mate Will watch BAS closely

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Appreciate the reply mate Will watch BAS closely

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