MARKETS

Bass confirms Cooper Basin acquisition

BASS Oil is set to acquire four tenements in the Cooper Basin from Cooper Energy for A$650,000 after successfully completing a capital raise at the end of last month.

Mark Tilly

Share price climbs 33%

The deal, announced in July, will increase Bass's 2P reserves by 54,000 barrels and 2C contingent resources by 200,000 barrels, and see Bass become a joint-venture partner with Beach Energy. The company...

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