BAS 8.45% 6.5¢ bass oil limited

Ann: Onshore Indonesian Oil Operations Update - February 2019, page-29

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  1. 5,015 Posts.
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    You'd hope there's a plan in place once they ramp up (I'm sure there is), to offset or earn credits on that crazy tax/royalty figure, it's an absolute killer. With the debt to COE paid down and a little luck on their side (increased POO, increased production) they could really start generating a tidy profit from this lease, although it seems the intention is more to use this as a foot in the door so to speak, so realistically breaking even or thereabouts (which they are) could be seen as a win considering the opportunities it could open up.
 
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