So the way I read this as at 31st March BAS was due to have...

So the way I read this as at 31st March BAS was due to have US$1.12M in cash (AUD$1.56M), post payment to Cooper and assuming receivables arrived in time. Main take out for me is that cash is increased >18%!!

Signs of encouragement with oil up 30% and plans from BAS to drive further returns ... just need to get the drill rig going and perhaps a few more mirror projects to see some solid traction.

Cash Position

As at 31 March 2019, Bass cash reserves were US$1.01m. Overall the cash position increased 18.3% in the March quarter. Cash receipts were received for only two months due to a processing delay in Pertamina. The third month receivable of $480,000 is expected in April 2019. Had this been received in March, the cash position would have been $1.49m.

As a result of the delay, the Cooper Energy deferred settlement payment of $370,000 which was due in March 2019 has been shifted to the end of April 2019. Production expenses were also lower as a VAT refund covering an eighteen month period (2017 and first half 2018) was received.

https://oilprice.com/Energy/Oil-Prices/Brent-Could-Hit-80-This-Summer-As-Hedge-Funds-Lose-Steam.html

Brent Could Hit $80 This Summer As Hedge Funds Lose Steam

By Tsvetana Paraskova - Apr 14, 2019, 6:00 PM

“According to RBC’s experts, this summer, Brent could even hit $80.”

Ride