Bass Oil November Operations Update

Bass Oil Limited (ASX: $BAS) provided an update on its November operations, reporting total sales revenue of US$562,537. The Australian-listed oil producer holds a majority interest in eight permits in the Cooper Basin and a 55% interest in a South Sumatra Basin KSO. The company is debt free and committed to creating value through its team, operating capability, reputation, and relationships in Australia and Indonesia.

Executive Commentary on Operations

The Company continues to make progress in its operations, with total sales revenue for November reaching US$562,537. Despite lower oil prices and production, we remain focused on leveraging our competitive strengths to create value in both Australia and Indonesia.

Summary of November Operations and Outlook

In November, Bass Oil reported total sales revenue of US$562,537, with daily oil production averaging 334 bopd for the month. The company faced challenges in production decline and lower oil prices, impacting revenues. Looking ahead, Bass Oil is focused on expanding production in the Cooper Basin and South Sumatra, with plans for gas appraisal and commercialization options in the pipeline. The company remains committed to creating value and building a substantial onshore Australian and Indonesian oil & gas business.