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Bass Oil Limited (ASX:BAS)

ALERT: Price-sensitive ASX Announcement for BAS
Current share price for BAS : $0.048 0.002 (4.35%)+
Announcement
Release
28 Jul 2026 9:35AM
Price at Release
$0.046
Full Release
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Summary
Bass Oil Limited, an Australian-listed oil producer, reported significant performance improvements in its Quarterly Activities Report for the period ending 30 June 2026. The company experienced a 132% increase in quarterly oil sales revenue, achieving A$2.67 million with an average oil price of A$143.49 per barrel. Production net to Bass increased by 1.5% to 19,809 barrels. Notable developments include the completion of the Vanessa gas field acquisition and the commencement of drilling at the Bunian 6 oil development well. These strategic moves are set to boost production and expand the company's presence in the East Coast Gas Market. Bass Oil remains debt-free with a cash reserve of $3.18 million and continues to focus on creating value through its assets in both the Cooper Basin and Indonesia.
Key Points
  • Bass Oil Limited's oil sales revenue increased by 132% to A$2.67 million.
  • Average oil price achieved was A$143.49 per barrel.
  • Net production increased by 1.5% to 19,809 barrels.
  • Vanessa gas field acquisition completed, aiming to enter the East Coast Gas Market.
  • Drilling at the Bunian 6 well commenced, expected to double group production.
  • Company remains debt-free with a cash reserve of $3.18 million.
  • Focus on value creation in the Cooper Basin and Indonesia.
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.