well the deferral is the lesser of 2 evils, plus its a win / win...

well the deferral is the lesser of 2 evils, plus its a win / win for Cooper - "This extension of the settlement will allow Bass to commence the next phase of development of the Bunian and Tangai fields without the need to raise additional capital."
a cap raise lets say @ 0.003 to develop Bunian would add 450 mill shares to the registry = 3.05 bill shares on issue, this is a very prudent move by management as it will only cost them $47625 in interest whereas a raise dilutes shareholders & costs $76200.

The funds are going to advance the oil fields and if we continue to see a rise in oil prices and they hit gold this will go off, I am happy to sit back and see what pans out and glad to see there won't be a cap. raise.
"The Company plans by calendar year’s end to drill the Bunian 5 development well, upgrade the pump at the existing Bunian 1 production well, and install a pump at the Tangai 1 production well."