Australia's Bass Oil rises on upbeat Feb prices, potential production increase

Bass Oil

27/03/2024 03:42

** Shares of Bass Oil  BAS.AX  jump as much as 7.1% to
A$0.060
    ** Says co achieved average sales price of A$129.99 per
barrel for the oil sales at Cooper Basin operations in
Queensland in February, up 6.6% from January 
    ** Says optimisation work at Cooper Basin will lead to
potential increase in production to over 100 barrels of oil per
day 
    ** Nearly 280,000 shares change hands as compared with the
30-day average volume of ~313,800 shares  
    ** Stock down 30.9% this year as of last close, vs a 2.5%
increase in the benchmark S&P/ASX 200 index  .AXJO  


 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))