Bass Oil Limited
Bass Oil Limited (ASX code: BAS) is a petroleum producer focused on southeast Asia. Bass Oil operates the Tangai-Sukananti KSO in the prolific South Sumatra basin of Indonesia. The Tangai-Sukananti KSO contains the Tangai and Bunian oil fields with 2P reserves (net to Bass Oil) of 1.73 mmbbls of oil (as at 30/06/16). Additionally the highly experienced Bass Oil team searches for exploration and production opportunities in the region that will offer future growth.
The Company has a strong committed shareholder base where it's Board and management holds a 19.6% interest and Cooper Energy holds 15.8% interest. The Board's focus is to extract value from it's Indonesian assets for all shareholders.