Bass Oil Limited (ASX:BAS)
Bass Oil Limited (ASX:BAS) is an exploration and production company featuring low cost onshore oil production in Indonesia.
Bass has realigned its corporate strategy following the acquisition of a 55% interest in the Tangai-Sukananti KSO producing assets located in the oil & gas region of South Sumatra, Indonesia.
As at March 2021 the Tangai-Sukananti KSO was producing on average 505 barrells of oil per day (the Company's JV share) from four wells.
Bass is building towards a substantial onshore Indonesian oil & gas business with a clear focus on executing opportunities in South Sumatra.