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The latest update is out from Bass Oil Ltd ( (AU:BAS) ).
Bass Oil Limited reported total sales revenue of A$570,750 for April, with daily oil production averaging 226 barrels per day. The company is set to acquire a 100% interest in the Vanessa gas field from Beach Energy, which includes a shut-in production well and gas processing facility. This acquisition positions Bass Oil as a future gas producer in Australia’s evolving energy market, potentially enhancing its industry positioning and providing new opportunities for stakeholders.
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 competitive strengths in Australia and Indonesia.
Average Trading Volume: 235,196
Technical Sentiment Signal: Sell
Current Market Cap: A$12.78M
For an in-depth examination of BAS stock, go to TipRanks’ Stock Analysis page.