Bass Oil Ltd (AU:BAS) has released an update.
Bass Oil Limited, an Australian-listed oil producer, reported a 21.4% increase in quarterly oil sales, totaling US$1.70 million at an average price of US$77.02 per barrel. The company’s production rose by 29.6% to 30,085 barrels, driven by successful production initiatives in both its Australian and Indonesian operations. Bass Oil continues to focus on strategic gas projects, including the positive results from the Kiwi 1 flow test and ongoing studies in the PEL 182 deep gas potential.
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