BAS 4.17% 7.5¢ bass oil limited

Ann: Bunian-5 Testing Complete - Now Set to Commence Production, page-33

  1. 622 Posts.
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    I've been holding here for a long time, and I'm interested to see what difference the increased production will make to the bottom line in terms of free cash flow. Hopefully with the cost base pretty well fixed in terms of employee and general & admin costs the extra revenues will largely flow through to the bottom line. At least this is my hope.
    But at the moment Bas is still a small operator, although Tino has consistently re-iterated his ambition to move the company up the production ladder. If he can pull off a couple of decent deals/acquisitions then I'll be a lot happier.
    In the meantime I trust (hope) that Tino is building up good working relationships/networks within Indonesia that will eventually bear fruit for us in terms of increased production.. It would be brilliant if he could get a chip on the table where there is potential to be in on a really big prospect.
    As ever time will tell
 
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