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Bass Oil (ASX:BAS) releases 2023 AGM presentation

Bass Oil (ASX:BAS) has reported strong revenue growth and net profit after tax in FY22, presenting the company as well-positioned to focus on its growth strategy into 2023.

The presentation highlighted the company's solid balance sheet with no debt, its oil production growth strategy, and its entry into the domestic gas market through the acquisition and development of the Kiwi gas discovery.

Bass Oil is targeting to reach 500 barrels per day by the end of 2024.

It is also exploring the potential to extend the current license of the Tangai-SukanantiKSO in the South Sumatra Basin beyond July 2025.


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