600bopd, page-2

• Strong net cash position of A$1.346 million as at 30 June 2017

• Oil production for June quarter of 29,500 barrels net to Bass, up 7% from March quarter

• Oil sales for the June quarter of 28,993 barrels net to Bass

• Fields performing at or above expectation

• Field mapping identifies potential for significant field extensions at Bunian and two highly deliverable

• development wells at the Bunian and Tangai fields

• Multi-disciplinary field development review of KSO has commenced

• Active screening of new investment opportunities continues

BAS interest is 55% of the JV
55% of 600 (BOPD) is 330 barrels a day to BAS

BAS is selling the Oil for $44.24 US per barrel.

330×$44.24 = $14,599.2 a day in US dollars.

$14,599.2× 28 days = $408,777.6 a month to BAS

$408,777.6×12 months = $4,905,331.2 a year to BAS


lets say BAS pays a TAX of 30%
30% of $4,905,331.2= $1,471,599.36 to Government and $3,433,731.84 to BAS after Tax


Lets say BAS pays 55% of all outgoings in the operation.... rough estimate...$300,000 a year


$3,433,731 taking away $300,000 in wages is $3133,731 a year profitable income after Tax.

$3133,731 USD converted to AUD is

A$3,964,114 + A$1.346 cash that BAS already hold = $5,310,114 in a year from now.

This is assuming that the oil keeps flowing at the same Rate....not increasing or decreasing.

This is a very rough estimate I came up with.
Anyone else here came up with anything different?