Bass Strait hired GMP Securities Australia to help in the divestment programme and execution of its plans.
The company will now carry out an aggressive divestment programme, which it believes will be successful on the back of a few big deals signed in the area.
Cooper Energy, the biggest shareholder in Bass, acquired a 65% interest in the Basker Manta Gummy production licences recently, while Nexus Energy entered into a merger implementation agreement and bridge facility with Seven Group Holdings.
Bass
