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Bass Oil Ltd ( (AU:BAS) ) just unveiled an update.
Bass Oil Limited reported a 20% increase in total sales revenue for August, reaching A$615,721, with daily oil production averaging 228 barrels per day, marking a 3.5% rise. The company is enhancing its Indonesian oil production and progressing with the Vanessa gas field acquisition, which includes a gas processing facility and pipeline, potentially enabling first gas sales into the east coast market and reserve growth.
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 full ownership of the Worrior and Padulla oil fields, and a 55% interest in a South Sumatra Basin KSO. The company operates debt-free and focuses on leveraging its strengths in Australia and Indonesia to create value.
Average Trading Volume: 479,578
Technical Sentiment Signal: Sell
Current Market Cap: A$8.3M
Find detailed analytics on BAS stock on TipRanks’ Stock Analysis page.