BAS 8.45% 6.5¢ bass oil limited

Ann: Tangai-Sukananti - January Operations Update, page-7

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  1. 3,743 Posts.
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    she's all good H - Sales are in line with current trend - 9493 barrels to BASS and production will resume to normal if not greater for Feb. - "Field production during January decreased to 13,256 barrels (JV Share) or 7,290 (net to Bass) due to a constraint identified last month requiring Bass to initiate a scale removal program on the pipework of a water separation tank. This subsequently resulted in deferred production of ~4,000 barrels of oil however Bass expects field output to return to normal this coming month.
    Bass has commenced a maintenance initiative involving the replacement of the existing 2-7/8” flowline, connecting Bunian-3 to its production facility, with a 4-1/2” flowline. This will remove the bottleneck currently constraining production from the well, and following completion is expected to increase production by in excess of 75 barrels of oil per day."
    Management are always one step ahead, they covered the drop in production in Jan. with stock reserves, I wonder how much oil they keep in reserve for such contingencies?
 
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