MARKETS

Bass becomes Australia's newest oil producer

BASS Oil has completed the transaction it set in train last year and taken full ownership of its first Australian acreage, buying legacy oil permits from the Beach Energy Cooper Energy joint venture in the Cooper Basin.

Helen Clark

Bass becomes Australia's newest oil producer

This adds 75 barrels of oil per day to its portfolio with room for a rapid increase. Bass said today the Cooper barrels come at a margin of A$50 per barrel. The onshore Indonesia oil producer first...

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