An update from Bass Oil Ltd ( (AU:BAS) ) is now available.
Bass Oil Limited reported a 2.9% increase in total sales revenue for January, reaching US$436,282 (A$700,854), with daily oil production averaging 247 barrels. The Cooper Basin’s production rose by 7% to 3,662 barrels, while Indonesian production totaled 3,982 barrels. The company completed a pressure transient analysis at the Kiwi site, indicating a potential larger stratigraphic trapping mechanism, and is conducting a study on the Triassic gas potential surrounding the Arrabury Trough, which could have significant implications for future operations and stakeholder interest.
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, owning 100% of the Worrior and Padulla oil fields and a 55% stake in a South Sumatra Basin KSO. The company is debt-free and focuses on value creation through its operational strengths and relationships in Australia and Indonesia.
YTD Price Performance: -11.67%
Average Trading Volume: 228,192
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$15.4M
See more data about BAS stock on TipRanks’ Stock Analysis page.