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Bass Oil working to add Tier 1 and Tier 2 oil producing assets in Indonesia

Bass Oil Ltd (ASX:BAS) managing director Tino Guglielmo updates Proactive Investors following a quarterly report revealing that oil production for the December quarter rose by 83%.

Guglielmo explains that the company is driving forwards its Indonesia-focused strategy, developing its existing onshore Tangai-Sukananti JV asset whilst seeking new Tier 1 and Tier 2 assets to add to its portfolio.

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Price: 0.002 AUD

ASX:BAS
Market: ASX
Market Cap: $6.68 m
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Bass Oil set to drill 'a low-risk and very high-impact well' with Bunian 5

Bass Oil Ltd (ASX:BAS) managing director Tino Guglielmo updates Proactive Investors on increased reserves, increasing production, and expanded criteria in the search for additional Indonesian oil assets. Guglielmo says, "The Buyian 5 well is going to be at least as good as the Bunyan 3...

on 11/3/19

2 min read