I have done these same maths a million different ways and...

I have done these same maths a million different ways and quietly confident BAS not only has the goods but is the real deal.

production is at WTI Crude prices from what I can see so far so only difference is that in your findings.

Tino in the video presentation for RIU good oil conference seems to be busting at the seems he gives the information in pieces that I needed to hear.

600bopd x 30 x $75WTI x 3 months = 4,050,000 : 55% interest to BAS = $2,227,500 plus 25 percent for conservative USD
That's 2,784,275AUD per quarter.

Thats only the beginning Mr Tino also mentions new well or wells should more than double production lets be conservative again and just say double and adding both new wells, that means first quarter 2019 we could be $5,568,750AUD to BAS per quarter.

thats without mentioning the multiple future acquisitions of oil fields with upside of 10milllion barrels of oil recoverable by BAS per fIeld but no Idea open partner percentages.

I have always believed In oil and the recovery in
the oil price has placed BAS in the perfect position to capitalise. great future plannIng by the current management team.

as always my opinions only and never advice but wouldn't It be nice If last months production was also the highest ever to also give the options a chance.

GLOTH and BAS