Australia's Bass Oil surges on Indonesian drilling approval

Bass Oil

19/03/2026 24:41

** Shares of Australia's Bass Oil BAS.AX jump as much as 26.1%, their biggest rise since March 9

** Oil producer says the Indonesian regulator approved the award of drilling contract for Bunian 6 Oil Development Well

** Drilling at Bunian 6 well is expected to commence in May, with a forecast to add another 500 bopd to production when it comes online — BAS

** Around 7.1 mln shares change hands, nearly 1.9x 30-day average

** BAS up 64% YTD

(Reporting by Keshav Singh Chundawat in Bengaluru)

((Keshav.singhchundawat@thomsonreuters.com))