Bass Oil Limited August Production and Operations Update

Bass Oil Limited (ASX: BAS), reported strong operational and financial performance for August. Group oil production averaged 228 bopd, totaling 7,062 barrels, with sales of 6,663 barrels generating revenue of AU$615,721 (US$402,559), up 20% from July. In the Cooper Basin, production from the 100%-owned Worrior and Padulla fields reached 3,050 barrels, averaging 98 bopd, with 2,635 barrels sold at an average price of AU$104.45 per barrel. Indonesian operations contributed 4,012 barrels net to Bass, with sales of 4,028 barrels at US$64.27 per barrel.

Bass also advanced strategic initiatives. A production enhancement program commenced in Indonesia, while regulatory approvals for the Vanessa gas field acquisition are progressing. The acquisition includes facilities and pipeline infrastructure that position Bass for first gas sales and reserve growth opportunities. Planning for certification and recommissioning is underway, alongside studies with SLB to evaluate deep coal commercialization. Additionally, Bass is exploring funding options for the Kiwi gas field development, with seismic reprocessing set to improve reservoir imaging.

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