- 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
BAS interest is 55% of the JV
- Active screening of new investment opportunities continues
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?
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