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Bass Oil Ltd ( (AU:BAS) ) has issued an announcement.
Bass Oil Limited has announced the acquisition of a 100% interest in the Vanessa gas field from Beach Energy, which includes a gas production well, processing facility, and a pipeline connected to the Cooper Basin gas network. This acquisition positions Bass as a gas producer and provides potential for significant growth in the energy market. Additionally, Bass is launching a capital raise of $3.1 million to support this acquisition and other growth initiatives, marking a strategic step towards becoming a mid-sized oil and gas producer.
More about Bass Oil Ltd
Bass Oil Limited is an Australian company operating in the energy sector, focusing on oil and gas production. The company is working to expand its presence in the growing and evolving energy market in Australia.
Average Trading Volume: 216,101
Technical Sentiment Signal: Sell
Current Market Cap: A$11.91M
Find detailed analytics on BAS stock on TipRanks’ Stock Analysis page.