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Bass Oil Ltd ( (AU:BAS) ) just unveiled an announcement.
Bass Oil Limited reported a 32% increase in total sales revenue for October, with daily oil production averaging 244 barrels per day, up 4%. The company completed a production enhancement program in Indonesia, boosting oil production by nearly 20%. Additionally, Bass is advancing its Vanessa gas field acquisition, with regulatory approval expected soon, aiming for first gas sales in the second half of 2026. This acquisition is significant as it positions Bass for entry into the east coast gas market and offers potential reserve growth and commercial opportunities in deep coal gas.
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 operational capabilities and relationships in Australia and Indonesia.
Average Trading Volume: 415,349
Technical Sentiment Signal: Sell
Current Market Cap: A$10.22M
Find detailed analytics on BAS stock on TipRanks’ Stock Analysis page.