BAS 8.45% 6.5¢ bass oil limited

Ann: September Quarterly Activities Report and Appendix 5B, page-10

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  1. 35 Posts.
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    You're correct, in a rather round-a-bout way.


    Company has been posting about good production levels - However this is as "Higher than expected", due to the failing pump. The production will, and has, gone down - this pump isn't a sudden problem, it's something that has accumulated and impacted over the last 12 months, especially the last 2 Quarters.

    They have been reporting a better than expected out-flow of oil with the ongoing identification and remediation of defective pump.

    To expect numbers to have increased over the last 12 months, is grossly unrealistic. The downtrend should, and for most, is expected. Will they increase this month onward? It is expected to return to previous normal levels.

    Last edited by KaSplushy: 31/10/18
 
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