LykeShares
ASX Mining News
Sign up
Login
Sign Up
(current)
Watchlist
Feedback
Advertise With Us
Profile
Home
Search
Watchlist
Advertise
Feedback
Profile
BassOil Limited Reports Strong Oil Production and Revenue in June — ASX:BAS| ASX Mining News & Discussion
L
Lykeshares
2y
Official
$BAS
BassOil Limited Reports Strong Oil Production and Revenue in June
BassOil Limited (ASX:BAS), an Australian-listed oil producer, has released its operations update for the month of June. The company, which holds a majority interest in eight permits in the Cooper Basin (Australia) and a 55% interest in a South Sumatra Basin (Indonesia) KSO, continues to demonstrate its commitment to value creation through its team, operations capability, reputation, and relationships in both Australia and Indonesia.
June Highlights
Total sales revenue for June amounted to US$443,649 net to Bass (equivalent to A$669,154).
Average daily oil production reached 323 barrels of oil per day (bopd) in June 2023.
Cooper Basin monthly production totaled 3,444 barrels, with 2,174 barrels sold at an average oil price of A$110.91 per barrel.
Indonesian oil production amounted to 6,245 barrels net to Bass, with 5,814 barrels sold at an average oil price of US$68.33 per barrel.
Future Opportunities
BassOil is proactively looking to enhance its production capabilities further. The company is currently in the process
...
See More
of transporting the second Worrior pump to the field, aiming to install and commission it in late July. This development will provide BassOil with additional opportunities to increase field production and drive continued growth.
Debt-Free and Focused on Value Creation
One of BassOil's notable strengths is its debt-free status, allowing it to focus on creating value for its shareholders. By leveraging its team, operational expertise, reputation, and strong relationships, BassOil remains dedicated to maximising its competitive advantage and delivering long-term value.
... View
0 Likes
0 Reply
?
L
Lykeshares
133d
Official
Berkshire is hoarding so. much. cash.
430 Views
2 Likes
0 Reply
?
L
Lykeshares
133d
Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.
There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can
...
See More
rush, it’s a complex, slow-moving process that takes years of precision and experience.
Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
415 Views
1 Like
0 Reply
?
L
Lykeshares
164d
Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
430 Views
2 Likes
0 Reply
?
L
Lykeshares
1y
Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
320 Views
2 Likes
0 Reply
?
L
Lykeshares
1y
Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
306 Views
1 Like
0 Reply
?
L
Lykeshares
1y
Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
295 Views
1 Like
0 Reply
?
L
Lykeshares
1y
Official
$ASN
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
1.1k Views
1 Like
0 Reply
?
Loading more...
Popular Stocks 🚀
Alico Inc.
NASDAQ:ALCO
1.6k
Nvidia Corporation
NASDAQ:NVDA | Semiconductors
1.4k
Infratil Limited.
ASX:IFT | Capital Goods
278
Apiam Animal Health Limited
ASX:AHX | Health Care Equipme…
490
Prophecy International Holdings Limited
ASX:PRO | Software & Services
374
Show more