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Bass Oil Limited (ASX:BAS)

ALERT: Price-sensitive ASX Announcement for BAS
Current share price for BAS : $0.046 -0.006 (-11.54%)+
Announcement
Release
15 Jun 2026 9:46AM
Price at Release
$0.052
Full Release
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Summary
Bass Oil Limited's operations update for May 2026 highlights significant developments in their Australian and Indonesian projects. In Australia, the acquisition of the Vanessa gas field is set to enable the company's first gas sales into the east coast market by the year-end, with potential growth in reserves through stimulation of existing wells. The PEL 182 deep coal commercialisation study progresses with Santos leading efforts to test production methodologies. In the Kiwi field, grant support from the South Australian Government aids development, while seismic reprocessing shows promising exploration potential in surrounding areas. Indonesian operations saw a 3% production increase, and drilling at the Bunian 6 site is expected to significantly boost output. The company's overall sales revenue for May was A$735,630, showing growth in both production and sales across regional operations.
Key Points
  • Vanessa gas field acquisition enables first gas sales by year-end.
  • Reserve growth potential through stimulation of existing wells in Toolachee and Patchawarra formations.
  • PEL 182 deep coal study progresses under Santos' leadership.
  • South Australian Government supports Kiwi field development with grant funding.
  • Seismic reprocessing in Kiwi field shows promising exploration results.
  • Indonesian production increased by 3% in May.
  • Bunian 6 drilling expected to significantly boost production.
  • Total sales revenue for May was A$735,630.
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.