Hi hilly, if you do a bit of digging online you can find the Indo govt tax setup, I posted my thoughts on this a few years back. Essentially, Bass will struggle to ever make significant profit with this block, at best they’ll tread water until something better comes along. Hopefully Tino can pull a rabbit out of the hat a find a decent project for Bass and then get F out of Indo, he’s done exceptionally well to keep the company afloat all things considered. Back when i was interested in the companies financials i knew the formula but it’s all a bit hazy now, basically govt takes a bit over half of production IIRC.
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