Bass Oil Ltd (AU:BAS) has released an update.
Bass Oil Limited reported a 59% increase in sales revenue for May, reaching US$555,853, with daily oil production averaging 251 barrels per day. The Australian oil producer, with operations in the Cooper Basin and Indonesia, has seen a slight 1% bump in production, and has ongoing projects including the Kiwi 1 well test and a deep coal commercialization study set to bring results in July. Despite weather-related delays, the company has managed to maintain steady production and is preparing for further development with the drilling of the Bunian 6 well.
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