Bass Oil Ltd
ASX:BAS
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Bass Oil Ltd
Glance View
Bass Oil Ltd. engages in the exploration and production of oil and gas onshore assets in Indonesia. The company is headquartered in Melbourne, Victoria. The company went IPO on 2004-09-30. The firm is engaged in building a substantial onshore Australian and Indonesian oil and gas business with a focus on Cooper Basin and production in South Sumatra. The firm's Tangai-Sukananti KSO project produces approximately 500 barrels of oil per day (bopd) from (55% Joint Venture (JV) share) and Worrior produces approximately 40 bopd (30% JV Share). The Company’s portfolio includes one producing license that is covering the Worrior oil field and a range of retention licenses with exploration, such as the drill ready Athelstan and Tyrell prospects. Its production license (PPL 207) Worrior Oilfield project covers 6.4 kilometers square and contains the producing Worrior oil field.
What is Insider Trading?
Insider trading refers to the buying or selling of a company’s stock by individuals with access to non-public, material information about the company.
While legal insider trading occurs when insiders follow disclosure rules, illegal insider trading involves trading based on confidential information and is prohibited by law.
Why is Insider Trading Important?
It isn't a coincidence that corporate executives seem to always buy at the right times. After all, they have access to every bit of company information you could ever want.
However, the fact that company executives have unique insights doesn't mean that individual investors are always left in the dark. Insider trading data is out there for all who want to use it.
Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.
