Bass Oil Ltd (AU:BAS) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Bass Oil Limited reported a robust operational performance in August, with a 20% increase in oil production and a 24% rise in sales revenue compared to July. The company’s Australian and Indonesian operations contributed to a combined production of 11,115 barrels and sales revenue of US$671,500. Bass Oil emphasized operational efficiency, with nearly 100% uptime at its facilities and is anticipating further production gains from its gas appraisal and deep coal commercialization studies.
For further insights into AU:BAS stock, check out TipRanks’ Stock Analysis page.