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Bass Oil Ltd ( (AU:BAS) ) just unveiled an announcement.
Bass Oil Limited reported a 55% increase in EBITDA to $0.571 million for the first half of 2025, despite a 9% decline in sales revenue due to lower oil prices. The company is advancing its strategy to enter the Australian East Coast Gas Market, highlighted by the acquisition of the Vanessa gas field, which is expected to accelerate its market entry and appraise a significant coal gas resource. Bass also maintained a strong safety record with no incidents reported and secured $0.92 million through a rights issue to fund growth projects.
More about Bass Oil Ltd
Bass Oil Limited is an Australian-listed 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 a South Sumatra Basin KSO. The company is debt-free and focuses on leveraging its competitive strengths in Australia and Indonesia.
Average Trading Volume: 498,699
Technical Sentiment Signal: Sell
Current Market Cap: A$7.98M
For an in-depth examination of BAS stock, go to TipRanks’ Overview page.