Bass Oil Ltd (AU:BAS) has released an update.
Bass Oil Ltd, an Australian oil producer with interests in the Cooper and South Sumatra Basins, reported a 2% increase in monthly oil production to 7,939 barrels and a revenue of US$493,472 for June. The company, which operates debt-free, also announced progress on a geomechanical model for its PEL 182 permit, expected to complete by end of July, and experienced delays in rig mobilization due to weather conditions.
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