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Cooper Basin production jumps by 475 barrels

Bass Oil has recorded strong production and revenue results for the month of May thanks to its operations in the Cooper Basin, South Australia.

The company recorded its highest Cooper Basin monthly oil sales and production, with 3847 barrels produced and 3372 barrels sold at an average oil price of $113.73 per barrel.

This is the highest monthly crude production acquisition of the company’s 100 per cent owned Worrior and Padulla oilfields.

Total daily oil production averaged 321 barrels of oil per day (bopd) and sales revenue totalled $781,085, throughout the month, down slightly from its April results.

Operations at Worrior were routine with no significant unscheduled downtime, the company told the ASX, however, at Padulla, the primary power fluid pump was taken offline for repairs.

The standby pump was brought online resulting in minimal downtime however, will have a lower production output as it has lower capacity.

The company expects to install a second fluid pump to add artificial lift capacity to the wells of the Worrior field in late June.

Elsewhere in its Indonesian operations, Bass reported that production from its Tangai-Sukananti Oil Field averaged 358 bopd throughout May with 11,073 barrels sold in the joint venture share.

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