BAS: Operations Update - April 2023

BASS OIL LIMITED

• Bass Oil Limited reports a 24% increase in total sales revenue for April, amounting to US$535,623 net (A$810,322).
• Average daily oil production in April 2023 was up by 7%, reaching 328 bopd.
• Record monthly oil sales and production from the Cooper Basin, with 3,830 barrels produced and 3,234 barrels sold at an average oil price of A$127.02 per barrel.

2023-05-10 09:34:00

BAS: Operations Update - March 2023

BASS OIL LIMITED

• Total sales for March 2023 increased by 10%, reaching US$435,797 net to Bass (A$651,707).
• Daily oil production averaged 308 bopd in March 2023, up by 16%.
• Worrior 11 additional perforations planned for April/May to increase productivity.

2023-04-14 09:44:00

BAS: 2022 Reserves and Contingent Resources - 2P Reserves up 62%

BASS OIL LIMITED

• Bass Oil Limited's annual reserves review reveals a 62% increase in 2P (Proved plus Probable) Oil Reserves of 0.688 million barrels.
• The key factors for the increase include production of 0.050 million barrels and acquisition of Cooper Basin assets from Beach Energy Ltd and Cooper Energy Ltd.
• Net Entitlement Reserves for Indonesian assets are assessed at 0.300 million barrels of oil net to Bass as of 31 December 2022.

2023-03-31 09:32:00

BAS: Operations Update - February 2023

BASS OIL LIMITED

• Bass Oil is an ASX-listed oil producer holding interests in permits in the Cooper Basin and South Sumatra Basin.
• February sales totalled US$398,841 net to Bass, with average daily oil production of 265 bopd throughout the month.
• 2,347 barrels of Cooper Basin oil were produced and sold at A$122.10 per barrel, while 5,083 barrels of Indonesian oil were produced and sold at US$78.90 per barrel.

2023-03-24 09:41:00

BAS: Worrior 11 Workover Confirms McKinlay Attic Oil

BASS OIL LIMITED

• Successful workover operations completed at Worrior 11.
• Commencement of oil production from McKinlay zone confirming presence of undrained attic.
• Expected increase in productivity and total field production to reach 300 bopd.

2023-03-15 09:38:00

BAS: Worrior 11 Workover Commencing

BASS OIL LIMITED

• Bass Oil Limited (ASX:BAS and BASO) has secured a workover rig and associated services to carry out a two well workover program on Worrior 11 and Worrior 8.
• Worrior 11 is expected to come online at an initial oil rate of 200 bopd, increasing the field reserves by 120,000 barrels of oil and accelerating production of the remaining reserves contained in the McKinlay reservoir.
• The second well in the program, Worrior 8, is assessed to have a productive capacity of between 20 bopd and 40 bopd once repaired.

2023-02-27 09:31:00

BAS: Operations Update - December 2022

BASS OIL LIMITED

1. Cooper Basin field production increased 30% to 96 bopd in December following the completion of the wireline program in late November.
2. Total daily oil production averaged 366 bopd throughout December 2022, up 2.5% and sales totaled US$472,990 (A$700,518) net to Bass
3. Total Cooper Basin oil production of 2,967 barrels (some 96 bopd including downtime) net to Bass with 1,589 barrels sold at an average realised oil price of A$120.26 per barrel.

2023-01-12 09:59:00