Ann: September Quarterly Activities Report and Appendix 5B, page-2

Oil at/near multi year highs and the company continues to operate at a loss due to prolonger remediation works. Costs for the Q expected at $1.2m and cash at a bit over $700k. That leaves us $500k in the hole before we start.

"

1. “Bass is entering an exciting period in its history. We have significantly increased our production during the month of October, following our remediation and optimisation programs during July and August"

Really Tony because this doesn't look like any sort of an increase to me for a long long time.
At 900 bopd that is suggested that means approx 27k bopm.
That still leaves us less than last years production so we are not increasing in reality.




All the posters who are so eager to see more expansions please let me know why?
They cant run what they have properly, drilling new wells could send this company to the wall given the current cash balance and outstanding loans. If production can be maintained at 900 bopd then we should be ok but thats very big IF right now. Also there won't be any drilling this year based on the comments in this, maybe Q1 next year, thats likely by design to counteract the chances of needing more cash.