Good to see they're still "gunna" double production on existing...

First 56 Last

Share
Profile

Follow
Rhodesy

641 Posts.

44

23/07/18

09:25

Post #: 34512162
Share

Originally posted by J.W.Pepper ↑

ahh Rhodesy, your getting there, this time you got 1.5 facts correct in your justification for selling at a loss.
1. "if you look back production has been consistently lower since April 2017" - Well I wouldn't say consistently lower, more like steady production, but if one thing I do agree on is that April 18 was a disappointing result, but prior to that March exceeded expectations.
2. "advise drilling has been pushed back to end of 2018" - WHAT? I posted this the other day -"Bass announced its intentions to pursue a two-well drilling program, consisting of Bunian-5 and Tangai-5 development wells. Drilling is anticipated to commence third quarter this calendar year." "Concurrent planning work for the upgrade of the Bunian and Tangai production facilities is also underway. A facility upgrade is required to process the additional oil and fluid production rates anticipated following the completion of the drilling phase of the work program."
& "Bass is entering the phase of the Tangai-Sukananti development study that will mature development drilling targets for the 2018/19 drilling program. Drilling is anticipated to commence late this calendar year", I suggest you go back to previous reports as this has always been reported for this timeframe.
3. "one of the directors subsidiaries sold a big wack of shares" - CORRECT much better than what you stated last time.
4. "The only thing BAS has going for it at the moment is the Rise In Oil Price" - WRONG & CORRECT - its not the only thing they have going for them and you know that, management has ALWAYS been transparent about their future plans & guidelines, I would suggest you read more than just the headlines & YES the rise in oil prices is always good for profits.

Dude I understand that your pissed because YOU made a failed investment decision but ALL the facts have always been in front of our eyes and the ship is still sailing its course as planned.

Expand

Good to see they're still "gunna" double production on existing wells. Might even buy back in on great news like that.

BAS Price at posting: 0.4¢ Sentiment: Sell Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

PGO

Pantera begins drilling of maiden test well at Smackover

TVL

C29 Metals wins Kazakhstani uranium drill run green tick, Kazatomprom talks mature

QGL

Aerospace smallcap Quickstep Holdings jumps nearly 100% after 40cps takeover offer

There are more pages in this discussion • 3 more messages in this thread...

First 56 Last

Add BAS (ASX) to my watchlist

(20min delay)
Last 6.5¢		Change -0.006(8.45%)		Mkt cap ! $26.13M

Open	High	Low	Value	Volume
6.9¢	6.9¢	6.5¢	$18.97K	286.9K

Buyers (Bids)

No.	Vol.	Price($)
2	31250	6.4¢

Sellers (Offers)

Price($)	Vol.	No.
6.9¢	1047	1

View Market Depth

No.	Vol.	Price($)
29	40409156	0.002
15	11398553	0.001
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.003	2915000	2
0.004	34531772	28
0.005	6804239	9
0.006	6490111	9
0.007	5650225	6

Last trade - 15.53pm 07/11/2024 (20 minute delay)

BAS (ASX) Chart

Good to see they're still "gunna" double production on existing...

Top Stories

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Pantera begins drilling of maiden test well at Smackover

C29 Metals wins Kazakhstani uranium drill run green tick, Kazatomprom talks mature

Aerospace smallcap Quickstep Holdings jumps nearly 100% after 40cps takeover offer

Buyers (Bids)

Sellers (Offers)