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Bass Oil Ltd ( (AU:BAS) ) has provided an update.
Bass Oil Limited reported a positive cash flow from operations for the quarter ending March 2025, with oil sales totaling A$1.97 million at an average price of A$117.90 per barrel. The company produced 21,207 barrels of oil, with production averaging 231 barrels per day, despite a 7% decrease from the previous quarter due to natural field decline in Indonesia. The company is progressing towards entering the eastern Australian gas market, with the Kiwi project and PEL 182 deep coal gas play as key growth pillars. Cash reserves increased by 11% to A$1.10 million, and the company changed its functional currency to Australian dollars.
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, Australia, including the 100% owned Worrior and Padulla oil fields, and a 55% interest in a South Sumatra Basin KSO in Indonesia. The company is debt-free and focuses on creating value through its operational capabilities and strategic relationships in both Australia and Indonesia.
YTD Price Performance: -23.64%
Average Trading Volume: 216,759
Technical Sentiment Signal: Buy
Current Market Cap: A$12.2M
For a thorough assessment of BAS stock, go to TipRanks’ Stock Analysis page.