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Bass Oil Ltd ( (AU:BAS) ) has issued an update.
Bass Oil Limited reported December group production of 7,407 barrels of oil, averaging 239 barrels of oil per day, with total sales of 7,060 barrels generating A$546,277 in revenue. Cooper Basin operations delivered 2,717 barrels for the month, up 3.1% on November, with 2,328 barrels sold at an average A$94.02 per barrel, while Indonesian operations contributed 4,690 barrels with 4,732 barrels sold at an average US$60.05 per barrel. The company maintained high operational reliability at its Worrior and Padulla fields, recording 99% uptime and boosting output through maintenance on the Padulla 3 jet pump. Strategically, Bass advanced its gas growth agenda by signing a three-year gas sales agreement with Origin Energy for up to 12 PJ from the Vanessa gas field starting in 2026, and progressing regulatory approvals for the Vanessa acquisition, which includes a gas plant and pipeline connection to the Cooper Basin network. The Vanessa project is expected to deliver Bass’s first gas sales into the east coast market in the second half of 2026, support reserve growth in the Toolachee and Patchawarra formations, and provide a cost-efficient platform to test and potentially commercialise deep coal resources in PEL 182, strengthening the company’s long-term production and diversification profile.
The most recent analyst rating on (AU:BAS) stock is a Hold with a A$0.06 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, debt-free oil producer with a majority interest in eight permits in the Cooper Basin, including the 100%-owned Worrior and Padulla oil fields, and a 55% interest in an Indonesian KSO. The company focuses on oil production in Australia and Indonesia and is expanding into gas, positioning itself to supply the east coast Australian gas market.
Average Trading Volume: 1,132,062
Technical Sentiment Signal: Buy
Current Market Cap: A$16.93M
See more data about BAS stock on TipRanks’ Stock Analysis page.