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Bass Oil Completes Kiwi Condensate Sale, Strengthening Market Position

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Bass Oil Completes Kiwi Condensate Sale, Strengthening Market Position

Confident Investing Starts Here:

An update from Bass Oil Ltd ( (AU:BAS) ) is now available.

Bass Oil Limited has completed the sale of 718 barrels of Kiwi condensate to a local refinery for A$59,000, marking a significant step in commercializing the Kiwi gas field. The Kiwi asset, which has shown promising production rates and substantial resource estimates, is positioned as a cornerstone in Bass’s growth strategy, with potential to significantly increase the company’s reserves and become a key supplier to the east coast gas market.

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, Australia, and a 55% interest in a South Sumatra Basin KSO in Indonesia. The company is debt-free and focuses on creating value through its operational capabilities and strategic relationships in both regions.

YTD Price Performance: -11.67%

Average Trading Volume: 232,946

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$15.4M

See more data about BAS stock on TipRanks’ Stock Analysis page.

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