Bass Oil Ltd (AU:BAS) has released an update.
Bass Oil Limited, an Australian oil producer, is nearing the closing date for its Share Purchase Plan (SPP), which offers shareholders the chance to buy new shares at a discounted rate of A$0.07 each until May 10, 2024. The SPP aims to raise funds for assessing the PEL 182 Deep Coal Seam Gas asset and other oil development opportunities, with the company emphasizing its debt-free status and plans for growth in Australia and Indonesia. Shareholders can invest up to A$30,000 without transaction costs, with proceeds directed towards strategic asset development.
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