An update from Bass Oil Ltd ( (AU:BAS) ) is now available.
Bass Oil Limited reported a total sales revenue of A$567,784 for March, with daily oil production averaging 221 barrels per day. The company’s Cooper Basin operations produced 2,857 barrels, while Indonesian operations produced 4,005 barrels. A rain event in the Cooper Basin slightly impacted sales, but the company maintained strong production levels. Additionally, Bass Oil is progressing with its Kiwi 1 Field Development, engaging in discussions for gas transportation and processing, and reviewing seismic reprocessing submissions to enhance hydrocarbon reservoir imaging.
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 operates debt-free, focusing on leveraging its team’s strengths, operational capabilities, and relationships in Australia and Indonesia.
YTD Price Performance: -30.0%
Average Trading Volume: 209,928
Technical Sentiment Signal: Buy
Current Market Cap: A$12.2M
For an in-depth examination of BAS stock, go to TipRanks’ Stock Analysis page.