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Bass Oil Limited (ASX:BAS)

ALERT: Price-sensitive ASX Announcement for BAS
Current share price for BAS : $0.047 -0.006 (-11.32%)+
Announcement
Release
18 May 2026 9:26AM
Price at Release
$0.053
Full Release
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Summary
In April 2026, Bass Oil Limited resumed trucking operations in the Cooper Basin, resulting in the sale of 4,537 barrels of oil at favorable prices. The Worrior and Padulla facilities maintained high operational uptimes following the resumption of crude trucking. Progress was made in the acquisition of the Vanessa Gas Field, which includes crucial infrastructure to facilitate first gas sales into the east coast gas market by the end of the year. Additionally, Bass secured significant funding for the Kiwi field development and continued operations in Indonesia, where production remained steady despite slight downtimes.
Key Points
  • Cooper Basin trucking recommenced in April 2026 after road repairs.
  • 4,537 barrels of oil were sold at an average price of A$168.64 per barrel.
  • Worrior and Padulla facilities recorded uptimes of 86% and 94% respectively.
  • Vanessa Gas Field acquisition by Bass Oil Limited is progressing with regulatory documentation.
  • The acquisition includes a gas processing facility and a 5-kilometre pipeline.
  • First gas sales into the east coast gas market are expected by year-end.
  • Bass Oil Limited secured $3.5 million funding from the South Australian Government for Kiwi field development.
  • Production from Tangai-Sukananti Oil fields in Indonesia averaged 134 bopd in April.
  • Bunian 6 oil development well is expected to come online by the end of June 2026.
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.