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Bass Oil Ltd ( (AU:BAS) ) has issued an announcement.
Bass Oil Limited has identified further potential in the Kiwi area of the Cooper Basin through a Triassic gas study. The study revealed structural features that could lead to a new commercial hub centered around the Kiwi gas field, which is notable for its low CO2 and high condensate content. The company is exploring third-party farm-in discussions and progressing field development, which could enhance its industry positioning and stakeholder value.
The most recent analyst rating on (AU:BAS) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Bass Oil Ltd stock, see the AU:BAS Stock Forecast page.
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 Worrior and Padulla oil fields, and a 55% interest in a South Sumatra Basin KSO. The company is focused on creating value in both Australia and Indonesia and is currently debt-free.
Average Trading Volume: 391,801
Technical Sentiment Signal: Sell
Current Market Cap: A$10.54M
Learn more about BAS stock on TipRanks’ Stock Analysis page.