Bass Oil (ASX:BAS) has released its operations update for November 2024. The company reported total sales revenue of US$372,386 (A$571,407) and an average daily production of 236 barrels of oil per day. With operations in the Cooper Basin and Indonesia, Bass Oil remains focused on leveraging its assets to create value.
Bass Oil (ASX:BAS) continues to enhance its operational capabilities in the Cooper Basin and Indonesia. The company reported increased production and sales revenue for November 2024. In the Cooper Basin, the Worrior and Padulla oilfields produced 2,872 barrels, while Indonesian operations recorded a production of 4,201 barrels. Bass Oil is focusing on its Kiwi 1 EPT project and aims to achieve a Final Investment Decision, alongside advancing the PEL 182 deep coal commercialisation study. The company is also preparing for the Bunian 6 development in Indonesia. Bass Oil is committed to increasing production, optimizing operations, and exploring new opportunities to create shareholder value.
Bass Oil aims to enhance shareholder value by accelerating the time to first production through off-balance sheet financing initiatives. The company is leveraging its technical and operational strengths to explore further opportunities in its existing assets.