Ann: Quarterly Activities Report, page-2

Once again the story that TAS is way under valued:

"Tasman through its wholly owned subsidiary, Noble Energy Pty Ltd,
holds 594,555,077 fully paid shares in Eden (representing 39.08% of the
total issued capital of Eden). Based on the closing price on the ASX of
EDE ($0.072) on 29 October 2018, this investment had a market value of
$42 million, which is equivalent to 8.7 cents for every currently issued
TAS share."

Then add that there is now some mineral prospecting planned for the current year:

Pernatty

• Tasman completed a detailed gravity survey during the quarter over

Exploration Licence 6137, on the southern Stuart Shelf, approximately
20km southeast from the Carrapateena IOCGU* deposit. The survey
consisted of 358 new gravity stations over an area of approximately 90
km2. Tasman initially targeted the area for IOCGU-style mineralisation
based on available geophysical data, its proximity to Carrapateena, the
possibility of reasonable basement depth and its regional geological
setting, based on other studies by Tasman.
Integration of the new gravity results with existing geophysical data is in
progress. Depending upon results, Tasman may consider sole funding of
the testing of any attractive IOCGU targets, if defined, or a joint venture
if a suitable partner is identified.

And'
"Vulcan and Vulcan West

• During the quarter, two major companies continued to review available

data covering Vulcan and Vulcan West prospects. Tasman is hoping that
these reviews will be completed in the near future. Initial discussions in
relation to a possible joint venture have commenced.
In the event that a joint venture is not concluded, Tasman, may drill test
at least one of the attractive IOCGU* targets at Vulcan West, firmed up
in the latest ground gravity surveying and geophysical modelling. This
work defined a number of drilling targets (potential Carrapateena-size
IOCGU deposits) of which five are modelled at depths considerably
shallower than Tasman’s nearby Vulcan prospect.
(* IOCGU – Iron/Oxide-Copper-Gold-Uranium)"

Both of those should add some value to TAS and add something for the 12.2% share in Conico then it would appear that TAS is well and truly undervalued by the market.