If we get 700bopd from Bunian-5 it is a transformational moment...

If we get 700bopd from Bunian-5 it is a transformational moment for Bass Oil.

BAS is debt free.

BAS is already cash flow positive.

BAS has a market cap of just $7M with cash in the bank.

So what does doubling field production to 1400bopd mean in terms of $$ ?

Revenue => 1400(bopd) x 365(Annualised) x USD$56(oil price) x 0.55(BAS share) =
USD$15,758,800.00
Cost of Oil (from last Half-Year Financial Report) => $958,000 x 2(Annualised) x 1.5(new production) = USD$2,874,000
Admin + Staff (from last Half-Year Financial Report) => ($522,324 + $453,286) x 2(Annualised) = USD$1,951,220

So EBITDA is USD$10,933,580

That is nearly AUD$16M in yearly earnings for a $7M market cap company!

Do you think we will still be trading @0.3c, try closer to 1c imo!

Few assumptions for sure there regarding economies of scale, exchange rates, etc..

But you get the picture folks. If Bunian-5 comes in, it is a game changer overnight. Just...like... that...

Now imagine if the flow rates exceed expectation and we can increase infrastructure capacity accordingly.

Or if the Oil Price continues to climb above USD$56.

Two more sleep and all will be revealed, I for one can't wait...