BAS 0.00% 5.7¢ bass oil limited

Ann: Onshore Indonesian Oil Operations Update - February 2020, page-5

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    Frustrating as hell, i know. Not all is lost however, by my calcs we made $100k during Feb (over and above production and corporate costs) which will allow us to break even for March if worst case scenario we only achieve the same low production ahead of ramping up again. It's actually slightly better than i was expecting $$'s wise. We can still survive quite a while at $25-$30 POO (6-12months) if they cut extra expenditure and focus solely on maintaining production. I think BAS can survive this and fingers crossed we snag some distressed producing asset.
 
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