Bass raises $2.5M for Aus, Indonesia projects

BASS Oil has raised more than $A2.5 million through a placement and right issue, which will fund its ongoing developments in Australia’s Cooper Basin and at its Indonesian Tangai-Sukananti project.

Bass raises $2.5M for Aus, Indonesia projects Bass raises $2.5M for Aus, Indonesia projects Bass raises $2.5M for Aus, Indonesia projects Bass raises $2.5M for Aus, Indonesia projects Bass raises $2.5M for Aus, Indonesia projects

This is how the funds raised from the placement and rights issue will be used

Managing director Tino Guglielmo said the raising secured a foothold in the Cooper Basin by acquiring assets from Cooper Energy, which provided instant production and exploration upside.

topics

loader