There seems to be a lot of scepticism that BAS will make any money at the 1,000/1,4000 bopd production results.
I haven’t time at the moment to go through a couple of the recent quarterlies and show they are break even and been paying of debts at a production rate of 700 bopd.
Also show likely profits when we stabilise at 1,400 bopd. I did something on this a couple of weeks ago. I suspect our annual profit will match our current market capitalisation of $6/7M. And I did that before the recent oil flow testing that show the combined oil flows of the two strata is greater than the 700 bopd needed to double our production to 1,400 bopd.
Saltbus
BAS Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held
