Hi, eirexpat no debt now..... From August ASX...

Hi, eirexpat no debt now..... From August ASX announcement

-Australian-listed Indonesian oil producer, Bass Oil Limited (ASX:BAS) is pleased to announce today
completion of its final payment, of A$770,000 plus interest, to Cooper Energy Limited (ASX: COE),
for its February 2017 acquisition from Cooper of a 55% Operator interest in the Tangai-Sukananti
license in the prolific South Sumatra Basin in Indonesia.
The milestone delivers Bass un-encumbered ownership of its 55% interest in the field, ensuring
the Company is now totally debt free, and maintains the Company’s momentum to drill its first
development well, Bunian-5, in October this year to double the Tangai field output to 1,400
barrels of oil per day (bopd).
Completion of the final installment follows a series of staged payments made by Bass to Cooper
under the A$2.27 million acquisition transaction and agreed Schedule for Deferred Acquisition
Costs.
The removal of the final component of debt assists with the active evaluation and negotiation on a
number of onshore and offshore Indonesian opportunities, as the Company remains focused on
adding additional prospective oil properties to its portfolio during 2019.