Bass Oil Holds Reserves Steady as It Targets Cooper Basin and Kiwi Gas Upside

Bass Oil Ltd ( (AU:BAS) ) has provided an announcement.

Bass Oil has reported its oil reserves and contingent resources as at 31 December 2025, showing 2P (proved plus probable) reserves of 0.796 million barrels, largely unchanged from the previous year, split between 0.368 million barrels in Australia and 0.428 million barrels of net entitlement reserves in Indonesia. Stable reserves reflect solid production performance from key wells in the Worrior field in Australia and the Bunian-3 well in Indonesia, which largely offset output declines.

The company also reported 2C contingent resources of 1.824 million barrels of oil equivalent, mostly in the Cooper Basin, where currently uneconomic volumes in Worrior and Padulla could be converted to reserves through improved economics or projects such as fracture stimulation and production acceleration. Gas contingent resources at the Kiwi field remain unchanged, with planned FEED work in 2026 and evaluation of pipeline and infrastructure options expected to support future reserves conversion and potential growth in Bass Oil’s production base.

The most recent analyst rating on (AU:BAS) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Bass Oil Ltd stock, see the AU:BAS Stock Forecast page.

More about Bass Oil Ltd

Bass Oil Limited is an Australian-listed oil producer with majority interests in eight permits in the Cooper Basin, including the wholly owned Worrior and Padulla oil fields, and a 55% interest in the Tangai-Sukananti KSO in Indonesia’s South Sumatra Basin. The company is debt free and focused on creating value from its Australian and Indonesian upstream oil and gas assets.

Average Trading Volume: 2,732,447

Technical Sentiment Signal: Buy

Current Market Cap: A$23.86M

For detailed information about BAS stock, go to TipRanks’ Stock Analysis page.