Bass Oil Ltd
ASX:BAS
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Bass Oil Ltd
ASX:BAS
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Bass Oil Ltd
Bass Oil Ltd is a small oil and gas company that looks for, develops, and produces crude oil in Indonesia, mainly from onshore fields in South Sumatra. It also holds interests in exploration acreage, which means it tries to find and appraise new oil and gas reserves, then move them toward production. The company makes money by selling the crude oil it produces to oil buyers and refiners. Its customers are the parties that purchase physical oil, while its day-to-day business depends on drilling, field operations, and managing well performance. What makes Bass Oil different is that it sits close to the source of production rather than acting as a large integrated oil major or a fuel retailer. Its value comes from identifying small onshore fields, bringing them into production, and selling barrels directly into the commodity market.
Bass Oil Ltd is a small oil and gas company that looks for, develops, and produces crude oil in Indonesia, mainly from onshore fields in South Sumatra. It also holds interests in exploration acreage, which means it tries to find and appraise new oil and gas reserves, then move them toward production.
The company makes money by selling the crude oil it produces to oil buyers and refiners. Its customers are the parties that purchase physical oil, while its day-to-day business depends on drilling, field operations, and managing well performance.
What makes Bass Oil different is that it sits close to the source of production rather than acting as a large integrated oil major or a fuel retailer. Its value comes from identifying small onshore fields, bringing them into production, and selling barrels directly into the commodity market.
