BAS 4.11% 7.0¢ bass oil limited

Ann: Bass Logs Record Production in November, page-15

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  1. 1,873 Posts.
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    A strange characterisation that increased production just uses up current assets.

    The increased production changes the company from a break even situation where they have to keep going back to the shareholders to stay afloat.
    At current bopd the company will be profitable and able to build cash and be in a positive position to buy into new assets and finance more developments on the Bunian field.

    Increased production is the critical breakthrough that BAS has needed.

    Saltbus
 
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