Yes lets hope thats the case even though revenues will be well...

Yes lets hope thats the case even though revenues will be well down given the ~30% drop in OP.

The problem here for us is with the way the Indonesian government has structured the oil/gas revenue system. We need to be spending money otherwise alot of what we produce just goes kaput on taxes. When we are spending money, from my understanding your basically spending for free because it can be recovered/offset against what you would usually be paying in taxes. Cost recovery method Tino said. How can you spend money if you dont have any money though, its a catch 22 situation.

Tino has found a niche in the market imo. These assets aren't worthwhile for bigger players to put the effort into taking online or optimising. If Bass can somehow increase the bank balance and start spending consistently on well picked assets and bring more projects online eventually the combined outputs of all the fields will be a nice little earner even with ~50% being taken on taxes. Thats the companies plan anyway