BAS 8.45% 6.5¢ bass oil limited

Ann: Tangai-Sukananti - April Operations Update, page-3

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  1. 380 Posts.
    lightbulb Created with Sketch. 20
    This is looking good.. 650k USD in the door for April and with a minor hiccup .. read below
    Production towards the end of April was impacted by scale formation in the surface pipework servicing Tangai 1 and Bunian 3. Both wells were shut in to allow scale removal programs to be completed. Production has been restored to the strong levels reported in the March Operations Update of 650 barrels of oil per day (bopd). The optimisation program aims at realising further production increases throughout May and June.

    So if everything goes to plan we should see a increase in production for May and June and with oil well over 70pb going to be cashflow positive in the tune of 7ook to 1 mil USD ..
    650k APRIL
    700k+ MAY
    700K + JUNE
    against estimated costs of 1.3 million for the qtr.
    I picked p another 3 million shares this morning .
    Good Luck and DYOR
 
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