Bass had US$770,000 in cash at the end of the quarter and is midway thought a capital raising for $3 million.
The average oil price was US$65.39 this quarter.
BASS Oil’s latest quarterly finds production for the three months to June 30 standing at 34,022 barrels of oil net to Bass, averaged at 680 barrels of oil per day gross production, though the month of June saw a rise to 780bopd.