Ann: Bass Optimisation Leads to Significant Production Uplift, page-50

BAS is now at a significant tipping point and here is why...

i) Yesterday's production upgrade confirms the field is not only going to generate enough cash to sustain its production, but also provide the $$ for leverage to grow.

...so the flagged acquisitions are now in play.

ii) Next Qtr the drill program begins, 3 development wells/2 low risk exploration wells.

The buy window for new money looking for exposure to this program is going to open very soon.

ii) Last but certainly not least, the % spread of BAS stock has finally narrowed to a level where we can expect to see liquidity increase.

Don't underestimate the psychological barrier of investing in a stock with a spread 25%+

.