Bass Oil Limited Reports Revenue Growth and Advances Gas Field Acquisition
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Bass Oil Limited (AU:BAS) reported a 20% increase in sales revenue for August, totaling A$615,721, with daily oil production averaging 228 barrels per day. The company is advancing its Indonesian oil production and the acquisition of the Vanessa gas field, which includes a gas processing facility and pipeline. This acquisition could enable first gas sales into the east coast market and contribute to reserve growth. Bass Oil operates debt-free and holds interests in multiple permits in the Cooper Basin and South Sumatra Basin.
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