bso fattest divvy on the asx!!

Bass Staight Oil is a wierd one for us mortals.
You wont find too many announcements about production or profit targets or any of the usual stuff you might expect to see.
That it seems, is because it is a listed trust distributing the royalty profits from a joint venture between two parties,
Exxonmobil(unlisted in Oz). and BHP.
Never mind the boring details heres the guff.
The main risk, is that the Bass Straight oilfields which have been in operation since about 1965 are in decline.
Ther was some concern a year ago or so that Exxon would close its Altona refinery rather than pay up for the cleaner fuels upgrades required to meet new regulations starting 2006.
This matter has now been resolved see link:

http://www.mobil.com.au/pdf/news/Release_Altona_Clean_Fuels_25Nov.pdf

That says to me that production is not about to fall right off the pearch for a while yet. (Anyone who knows more please comment).
And so, unless Ive missed something really tragic, what that leaves us with is a stock trading profitably at $2.41 and returning a whopping 53c In divy and distributions on January 16! lol
Now thats a dividend!
Needless to say Im in.
Anythoughts or comments always appreciated.


7w

Read the read stuff. I have no idea.