Bass Oil - Market Cap $49MCooper
Basin field production increased 30% to 96 bopd in December following the completion of the wireline program in late November
• 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
• 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
• Total Indonesian oil production of 8,391 barrels net to Bass with 8,472 barrels sold net to Bass at an average realised oil price of US$76.70 per barrel
These are the numbers for December. 366 bbl/day.
We're already producing far in excess of that figure, no debt. and plenty of operating cash.
From the September quarterly -Group net production totalled 1,395 bbl/day, growing 45% quarter on quarter.Makes you wonder what the shares are really worth ???
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