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Bass Oil Ltd ( (AU:BAS) ) has issued an update.
In May, Bass Oil Limited reported a total sales revenue of A$563,871, with daily oil production averaging 232 barrels per day and total monthly production increasing by 3% to 7,184 barrels. The company is acquiring a 100% interest in the Vanessa gas field, which includes a shut-in production well and a gas processing facility. This acquisition positions Bass Oil as a future gas producer in Australia’s evolving energy market, with potential for first gas sales and reserve growth through the recertification and recommissioning of the Vanessa gas production facility.
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 team, operating capability, reputation, and relationships in both Australia and Indonesia to create value.
Average Trading Volume: 334,899
Technical Sentiment Signal: Sell
Current Market Cap: A$11.62M
Learn more about BAS stock on TipRanks’ Stock Analysis page.