Australia's Bass Oil soars on strong Q3 oil production in Indonesia

Bass Oil

31/10/2022 02:20

** Shares of Bass Oil Ltd  BAS.AX  surge as much as 14.3% to
A$0.04, on track for best day since Sept 5
    ** Oil explorer posts production of 862 barrels of oil per
day during third quarter of FY22, up 46.4% vs last quarter
 urn:newsml:reuters.com:*:nASX7Zcp6X
    ** However, co posts sales revenue of $1.6 mln in Q3, down
8.2% from previous quarter
    ** Stock hits highest since Oct 24
    ** More than 702,374 shares change hands, vs the 30-day
average volume of 544,033 shares
    ** Stock has fallen 41.7% this year, as of last close
 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))