Ann: Tangai-Sukananti - March Operations Update, page-50

In my opinion (IMO) only
Bass oil Limited has a strong structured management team, with their own interest inline with shareholders interests as they have much tied into the success of the company.
I think BASS has been so calculated so far but they will fast track a few things in fear of their great idea will be soon replicated by other companies, genius move to buy into an already producing oil field and with their expertise and resources increasing the opportunity to double and grow the production that the existing party still remains just as profitable as before.

With these two more wells lined up for drilling this year and production increased to full capacity this month and with UNPAD results around the corner and quarterly to highlight how much our bank balance is growing, it has to be hard to contain ourselves with excitement.
These alone puts us in a great financial position with a company with a great future.

This Annual General meeting will be amazing and I only wish I could make it, Anyone able to take minutes and if possible video i know the group would much appreciate it esp when it comes to questions time, but I am pretty sure Management will cover everything in their presentations anyway as they are always so thorough.
10% placement 260million odd shares isn't because we need the cash so that's a great position to be in my guess would be buying into our next acquisition, and management have never kept that a secret from shareholders, amazingly refreshing to be kept informed with current information.

current market cap of $10 million AUD, company currently making an estimate $10 million AUD a year, surely with what has been achieved within a year we have oil fields in Indonesia lined up.

This seems like a fool proof business plan easily replicated for further acquisitions.

Oil price healthier than ever only adds to our profit and welcomes investors back to the oil sector and once that happens, we will all be helping each other hold on to our hats.

As always DYOR, GLTOH and I am more than happy to be here.