"This project is expected to add materially to the Company’s free cash flow providingfurther capital for investment in other growth projects in Bass’ portfolio" I feel Tino deliberately avoided mentioning PEL 82 above, instead chose to use the phrase "other growth projects".
In my experience, this happens when there are some sort of negotiations occurring in the background, and it is a norm to make sure there is no hidden hint or catalyst in an announcement that makes the big brother upset. This is simply an opinion of mine... not an insider knowledge or anything of that sort.
Also, I feel the Price of Oil and other Macro factors should help BAS share price post 2nd quarter of 2023
Please do not take this as a financial advice and DYOR.
BAS Price at posting:
13.5¢ Sentiment: Hold Disclosure: Held
