OPERATIONS

Bass Oil production to soar as Bunian play swells

ASX-listed small cap oil producer Bass Oil was trading up 15% yesterday when it announced a ten-year extension to its production licence in the South Sumatra Basin of Indonesia. The good news hasn't stopped there, with the company announcing a 35% increase in monthly production this morning.

paul hunt

Bass Oil production to soar as Bunian play swells

Bass operates its Tangai-Sukananti project in a 55% -45% split with state oil company Pertamina. The decade-long extension of its lease comes as the government moves to streamline its royalty and fiscal...

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