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Bass Oil Ltd ( (AU:BAS) ) has provided an announcement.
During the quarter ended December 2024, Bass Oil reported a decrease in oil production and revenue, primarily attributed to natural field declines and equipment failure in Indonesian fields. However, the company made significant progress in developing the Kiwi gas field, which yielded promising test results, indicating its potential as a valuable asset for future growth. Bass Oil aims to advance this project alongside its deep coal gas play in PEL 182, positioning itself towards becoming a mid-tier oil and gas producer.
More about Bass Oil Ltd
Bass Oil Limited is an Australian-listed oil producer with interests in the Cooper Basin in Australia, including the wholly-owned Worrior and Padulla oil fields, and a 55% interest in a KSO in the South Sumatra Basin, Indonesia. The company is debt-free and focuses on creating value through its operational capabilities and relationships in Australia and Indonesia.
YTD Price Performance: -16.67%
Average Trading Volume: 214,817
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$14.52M
See more data about BAS stock on TipRanks’ Stock Analysis page.
