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Bass Oil Ltd ( (AU:BAS) ) has shared an announcement.
Bass Oil Limited reported total sales revenue of A$517,344 for July, with daily oil production averaging 220 barrels per day. The company is enhancing its Indonesian production and progressing with the Vanessa gas field acquisition, which includes discussions with gas buyers and regulatory approvals. This acquisition is significant for Bass as it aims to enter the east coast gas market, grow reserves, and commercialize deep coal resources.
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 operates debt-free, focusing on leveraging its team, operational capabilities, and relationships in Australia and Indonesia.
Average Trading Volume: 491,191
Technical Sentiment Signal: Sell
Current Market Cap: A$8.3M
Learn more about BAS stock on TipRanks’ Stock Analysis page.