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Bass Oil Ltd ( (AU:BAS) ) just unveiled an update.
Bass Oil Limited reported a 3% increase in daily oil production for September, totaling 7,023 barrels, with sales revenue of A$493,600. The company completed a production enhancement program in Indonesia, boosting oil production by 20%, and is finalizing regulatory approvals for the Vanessa gas field acquisition, which will enable its first gas sales into the east coast gas market. This acquisition is expected to enhance reserve growth and commercialize deep coal resources, marking a significant step in Bass Oil’s strategic expansion.
More about Bass Oil Ltd
Bass Oil Limited is an Australian-listed oil producer with a majority interest in eight permits in the Cooper Basin, including the 100% owned Worrior and Padulla oil fields, and a 55% interest in a South Sumatra Basin KSO. The company is debt-free and focuses on leveraging its strengths in operations and relationships in Australia and Indonesia.
Average Trading Volume: 377,709
Technical Sentiment Signal: Sell
Current Market Cap: A$10.54M
Find detailed analytics on BAS stock on TipRanks’ Stock Analysis page.