Bass Oil Limited (ASX:BAS) Reports Q4 Production and Revenue
Production and Revenue
Bass Oil Limited reported quarterly oil sales of US$1.24 million, averaging US$70.85 per barrel. Production net to Bass in the September quarter was 22,872 barrels, averaging 249 barrels of oil per day.
Gas Field Development
The pressure data analysis from the Kiwi test confirmed no measurable pressure decline, indicating a larger stratigraphic trap. Bass is integrating these results into a study to quantify the new Triassic gas play on the western flank of the Arrabury trough.
Financial Position
As of 31 December 2024, Bass maintained cash reserves of US$0.62 million, with no debt. Capital expenditure for the quarter was US$0.92 million, up from US$0.48 million in September.
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