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clock Created with Sketch. 10/05/18
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Originally posted by darkness922
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Poised for a move all IMO BASS has a great come back story in the making and the presentations are showing why. I think.... 1. Production for April will be held back for the AGM next Wednesday - could be a nice surprise production number for us all. Under promise over deliver I believe is this managements style. 2. Indonesian petroleum association annual convention was just held 2-4th May 2018, huge event with 96 presentations, 23000 people and company handshakes, for tackling energy solutions. 3. Bass has planned for drilling in the third quarter basing on timeframes allowing for problems and solutions during optimisation phase that we haven't faced, and factoring price of oil at $40-50US but since this has gone off without a hitch and we have more profit sooner than expected could this be announced to be brought forward? 5. 10% placement surely someone wants in that will be a strategic move to put BASS back on the map. 6. Further acquisitions, many oil and gas fields around us being shown in every presentation I know we are just beginning but how much more proof will Indonesia's need to let us in to manage and get these fields producing to full capacity??? It's a win win for them, 55% share to Bass and we have raised production by..... simple maths says we have earned our share in more profit alone. As always DYOR never advice but it's not luck here it's research and maths.
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Totally agree with all bar one. Nothing wrong with being conservative with future production estimates but holding back April production numbers could be considered price sensative. "Good or bad no surprises leaves no doubt" IMO
