BAS 8.45% 6.5¢ bass oil limited

I dont think so. Can you show me where? There is a huge gap...

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  1. 6,058 Posts.
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    I dont think so.
    Can you show me where?
    There is a huge gap between cash receipts and revenue, which is the crux of my post.
    Maybe someone can explain why?

    Best case $2.7m revenue for 45k barrel December Q.
    Cash receipts have historically been 50% of revenue leaving $1.3m cash receipts with outgoings of $1.2m. As I have said im hoping this goes exponentially higher given the higher production and we get cash receipts somewhere towards the $2m mark leaving balance at end of Q around the $1.5m mark. This all hinges on the company putting in a good quarter but not only that maintaining it over the long term given the almost $1.3m in loans to be repaid 1H CY19 and the costs fo drilling and expanding.

    Yes it would be nice to get a decent lump sum from the settlement, no indications as to what that might be though, will have to wait until the next cashflow to see more on that.
    Last edited by El Jefe: 08/11/18
 
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