BAS 3.95% 7.9¢ bass oil limited

re: hardly any cash biggest problem Good points Sandy, I've...

  1. 383 Posts.
    re: hardly any cash biggest problem Good points Sandy, I've heard that since Appache walked away from NXS's Longtom-3 drill they have approached BAS, MOG and EBR to discuss their Kippling Lead, I think Appache just see that BAS will be nothing without giving away farm-in rights to Kippling. At a 600% re-entry fee to Longtom-3 I doubt they will be going back there, and considering ZaneGrey-1 was a duster, they like the market have run from that area.

    But the quaterly report should see BAS slammed to 0.10 at least, and I think the whole market knows how much money they have gone through, I have no idea why anyone would be buying right now. There is no speculation left, what have they got? TAS have more to offer right now.
 
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