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Bass Oil (ASX:BAS) announces quarterly results

Bass Oil (ASX:BAS) announced financial results for the quarter ended 30 September 2022.

Production during the September 2022 quarter averaged 862 barrels of oil per day (bopd), an increase of 46.4% compared to the June 2022 quarter.

This is the first full quarter of production from the Tangai-5 development well and the quarter includes two months of oil production from the Cooper Basin assets.

The Company generated sales revenue of US$1.56 million (average oil price of US$96.00 received).

The Company completed the acquisition of interests in eight Cooper Basin tenements from Beach Energy Limited and Cooper Energy Limited on 1 August 2022.

Following the announcement the company?s share price rose 11.428%.

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