BassOil Limited Reports Strong Oil Production and Revenue in June — ASX:BAS| ASX Mining News & Discussion
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$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 ...
BassOil Limited Reports Strong Oil Production and Revenue in June

Lykeshares Official
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