InvestSMART

Bass Oil Limited (ASX:BAS)

ALERT: Price-sensitive ASX Announcement for BAS
Current share price for BAS : $0.046 0.013 (39.39%)+
Announcement
Release
21 Oct 2025 9:43AM
Price at Release
$0.033
Full Release
download
Summary
Bass Oil Limited's Operations Update for September 2025 highlights significant progress in both Australian and Indonesian operations. The company recorded a total sales revenue of A$493,600, with a daily oil production average of 234 barrels per day (bopd). In the Cooper Basin, production from the Worrior and Padulla oilfields was slightly affected by rainfall, resulting in a temporary inventory build-up, but operations maintained over 99% uptime. In Indonesia, a production enhancement program led to a 20% increase in output. Key strategic developments include progressing the Vanessa gas field acquisition and a deep coal commercialization study in PEL 182. Bass is preparing to finalize its R&D tax credit claim and continues to explore opportunities for reserve growth and commercialization of its gas and oil resources.
Key Points
  • Total sales revenue for September was A$493,600 net to Bass.
  • Daily oil production averaged 234 barrels per day.
  • Cooper Basin monthly production was 2,787 barrels.
  • Indonesian production was 4,236 barrels net to Bass.
  • Production enhancement program increased Indonesian oil production by 20%.
  • Vanessa acquisition regulatory approval is expected shortly.
  • Bass is finalizing R&D tax credit claim for deep coal gas project.
  • Worrior and Padulla facilities both recorded uptimes of over 99%.
  • Bass is engaged in negotiations with gas buyers for Vanessa field.
  • Vanessa gas field acquisition includes a gas processing facility and pipeline.
  • Bass continues to pursue funding options for Kiwi gas field development.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.