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News: BAS Bass Oil Says Production At Tangai-Sukananti Remains Largely Unaffected

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    01/04/20
    12:25
    Post #: 43816900

    April 1 (Reuters) - Bass Oil Ltd (BAS) :

    • PRODUCTION AT TANGAI-SUKANANTI REMAINS LARGELY UNAFFECTED
    • TO MITIGATE AGAINST CURRENT OIL PRICE ENVIRONMENT, WILL CUT CORPORATE OVERHEADS & PERSONNEL COSTS
    • ALL DISCRETIONARY EXPENDITURES HAVE BEEN DEFERRED
    • COST REDUCTION INCLUDES A 50% CUT TO DIRECTORS' FEES AND SALARIES
    • OPERATING COSTS ARE US$20/BARREL AT CURRENT PRODUCTION
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