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8.45% 6.5¢ bass oil limited

Another question/s i have (apologies it is long winded): The...

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  1. frader
    1,246 Posts.
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    12/09/18
    13:07
    Post #: 35547581
    Another question/s i have (apologies it is long winded):

    The announcement on 5/3/18 stated 3 potential drilling prospects:

    1. Bunian West-1
    2. Sukananti Updip-1
    3. Tangai-5

    Only 2 of the above were defined as prospective targets being Sukananti Updip-1 and Bunian West-1. Sukananti Updip-1 had a significantly higher amount of prospective Barrels of Oil than Bunian West-1.


    Questions:

    1.  If Sukananti Updip-1 has a higher potential of Oil recovery (almost 4 times more than Bunian West-1), why is Bunian West-1 being drilled first? (per 27/8/18 announcement)

    2. What happened to Tangai-5?

    3. Can we acquire the remaining 45% of this field? If not, why not?
    BAS Price at posting: 0.3¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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