"As at 31 December 2023 the Group has a commitment to the Department for Energy and Mining for the third and final deposit of AUD $1,138,891 as financial security for the petroleum titles acquired in the Cooper Basin, in August 2022. The third deposit will be added to the existing rehabilitation bond.The Group has received verbal confirmation that the final deposit can be paid in 12 monthly payments commencing September 2024."
Interesting timing with the expiry of options. Perhaps an injection of capital is expected.
BAS Price at posting:
8.5¢ Sentiment: Buy Disclosure: Held
