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Bass Oil (ASX:BAS) response to ASX price query

Bass Oil (ASX:BAS) has received a letter from the ASX on 20 January 2023 regarding an increase in trading price and volume of its securities traded on 19 January 2023.

Bass Oil responded to the letter by confirming that they are in compliance with the Listing Rules and no information concerning the company has been released to the market which could explain the recent trading.

They suggested media coverage of the deep coal gas potential in the Company’s 100% owned PEL 182 permit and a statement released by Santos in their 2022 Fourth Quarter Report as potential explanations for the recent trading.

 

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