BAS 0.00% 7.0¢ bass oil limited

Ann: Onshore Indonesian Oil Operations Update - January 2020, page-3

  1. 1,873 Posts.
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    A disappointing month. I can think of nothing good to say about it.
    Surprised by the high water cut. Maybe the new water disposal/ field enhancement will make a difference. Certainly needs to.

    I was expecting much better results.

    The oil price at $63 is very high. There that’s something good. Might not last very far into February. Can’t be bothered to try and work out how much profit they made in January. I don’t even know what $20 per barrel production costs even means for this company.


    Saltbus
 
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