Bass Oil Ltd (AU:BAS) has released an update.
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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.
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