take-over approach, page-16

Lets join some dots shall we

A few months ago BAS recieves a takeover approach

BAS holds offshore Vic High Impact Oil and Gas permits as well as Shale permits in the Otway Basin where it and Somerton Energy are the only real players

COE has just made a $31.5m takeover bid for SNE leaving BAS as the only other Otway Basin Shale Play


you join the dots but Im starting to think that perhaps it was COE sniffing around a few months back? I could be wrong but what do others think?

Oh and BAS has a current Market Cap of $10m