Bass Oil Reports Strong Production and Revenue Growth for February

Bass Oil Limited (ASX: BAS) has reported robust production and revenue figures for February, with total sales revenue reaching US$391,129 (AU$629,432). Group-wide daily oil production averaged 239 barrels per day, contributing to a total monthly output of 6,700 barrels. The company produced 2,971 barrels in the Cooper Basin, selling 2,188 barrels at an average of AU$119.22 per barrel. Meanwhile, Bass recorded 3,729 barrels of production in Indonesia, with 3,798 barrels sold at US$72.39 per barrel.

Operations at the Worrior and Padulla oil fields maintained high uptimes despite minor setbacks, with repairs underway for an engine failure at the Worrior site. The Kiwi 1 Field Development remains a key focus, with 718 barrels of condensate sold, generating AU$59,000 in revenue. Bass continues discussing gas transportation and processing while evaluating engineering studies to advance the project. With a debt-free position and strategic assets, Bass remains well-positioned for growth.

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