Bass Oil Limited Reports Strong Quarterly Growth
Company Announcements

Bass Oil Limited Reports Strong Quarterly Growth

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

Bass Oil Limited reports a robust financial quarter with a 45% increase in cash balance to US$1.66 million and an 8.5% rise in oil sales, achieving US$1.40 million at an average price of US$82.59 per barrel. Production grew modestly by 3%, hitting 23,218 barrels for the quarter. The company is advancing strategic gas initiatives, despite weather-related delays, aiming to cement its position as a mid-tier oil and gas producer.

For further insights into AU:BAS stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App