There are three interesting things in recent...

There are three interesting things in recent announcements.

One

10th April Announcement BAS and Gippsland.

This will put a value on OBL's 35.435%. BAS believe they have a very good asset based on recent developments in the area. Watch that space.

Across Vic/P41 (BAS - 64.565%) and Vic/P68 (BAS - 100%), BAS holds a large trend focused acreage position containing significant conventional oil and gas prospects. With increasing Eastern Australian gas prices, growing customer demand for new sources of gas supply and significant value
being placed on recent transactions in the Gippsland Basin, BAS believes that these assets are not being valued appropriately by the market and will consequently be seeking to extricate appropriate value for them through a divestment process.
Recent transactions in and around the Gippsland Basin have included permits within close proximity to those held by BAS and include:
Cooper Energy (ASX:COE), the largest shareholder in BAS with a 22.9% equity interest, acquiring a 65% interest in the Basker Manta Gummy (BMG) production licenses; and
Nexus Energy (ASX:NXS) entering into a merger implementation agreement and bridge facility with Seven Group Holdings (ASX:SVW).
The Bass Strait Oil Company CEO, Steven Noske commented: “These transactions coupled with the ongoing strength in eastern Australia gas prices, provides an opportunity for the company to realise best value for our Gippsland basin acreage.