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.
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