What’s Going On?, page-33

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El Jefe

6,058 Posts.

875

14/05/18

08:11

Post #: 33067654
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Originally posted by J.W.Pepper ↑

ahh Rhodesy, your getting there, this time you got 1.5 facts correct in your justification for selling at a loss.
1. "if you look back production has been consistently lower since April 2017" - Well I wouldn't say consistently lower, more like steady production, but if one thing I do agree on is that April 18 was a disappointing result, but prior to that March exceeded expectations.
2. "advise drilling has been pushed back to end of 2018" - WHAT? I posted this the other day -"Bass announced its intentions to pursue a two-well drilling program, consisting of Bunian-5 and Tangai-5 development wells. Drilling is anticipated to commence third quarter this calendar year." "Concurrent planning work for the upgrade of the Bunian and Tangai production facilities is also underway. A facility upgrade is required to process the additional oil and fluid production rates anticipated following the completion of the drilling phase of the work program."
& "Bass is entering the phase of the Tangai-Sukananti development study that will mature development drilling targets for the 2018/19 drilling program. Drilling is anticipated to commence late this calendar year", I suggest you go back to previous reports as this has always been reported for this timeframe.
3. "one of the directors subsidiaries sold a big wack of shares" - CORRECT much better than what you stated last time.
4. "The only thing BAS has going for it at the moment is the Rise In Oil Price" - WRONG & CORRECT - its not the only thing they have going for them and you know that, management has ALWAYS been transparent about their future plans & guidelines, I would suggest you read more than just the headlines & YES the rise in oil prices is always good for profits.

Dude I understand that your pissed because YOU made a failed investment decision but ALL the facts have always been in front of our eyes and the ship is still sailing its course as planned.

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Do management hold many of these options that expire in December?

BAS Price at posting: 0.5¢ Sentiment: None Disclosure: Not Held
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Last 6.5¢		Change -0.006(8.45%)		Mkt cap ! $26.13M

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What’s Going On?, page-33

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