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Bass Oil Ltd (AU:BAS)
ASX:BAS
Australian Market

Bass Oil Ltd (BAS) AI Stock Analysis

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AU

Bass Oil Ltd

(Sydney:BAS)

Rating:46Neutral
Price Target:
AU$0.00
▼(-100.00%Downside)
The overall score reflects significant financial and valuation challenges, with negative profitability and liquidity issues posing major risks. Technical analysis suggests bearish sentiment, although the stock is not in oversold territory. Recovery hinges on strategic financial improvements.

Bass Oil Ltd (BAS) vs. iShares MSCI Australia ETF (EWA)

Bass Oil Ltd Business Overview & Revenue Model

Company DescriptionBass Oil Ltd (BAS) is an Australian-based company engaged in the exploration and production of oil and gas. The company operates primarily in the energy sector, focusing on acquiring and developing oil and gas assets. Bass Oil Ltd's core activities include exploring for hydrocarbons, developing oil fields, and producing crude oil and natural gas, aiming to maximize value from its existing reserves while pursuing new opportunities for growth.
How the Company Makes MoneyBass Oil Ltd generates revenue primarily through the extraction and sale of crude oil and natural gas. The company's key revenue streams involve producing hydrocarbons from its operated fields and selling these products to domestic and international markets. Bass Oil benefits from its strategic partnerships and joint ventures, which enable it to share operational risks and costs while leveraging shared expertise and infrastructure. The company's earnings are significantly influenced by global oil and gas prices, production volumes, and operational efficiencies in its exploration and production activities.

Bass Oil Ltd Financial Statement Overview

Summary
Bass Oil Ltd is experiencing financial challenges, with declining revenue and negative profit margins. Despite a solid balance sheet with low leverage, cash flow issues raise concerns. Improving operational efficiency and liquidity is crucial for future stability.
Income Statement
45
Neutral
The income statement reveals a drop in total revenue from the previous year, with a negative net profit margin indicating losses. The EBIT and EBITDA margins have also turned negative, reflecting operational challenges. Despite past profitability, the current metrics show declining financial health, necessitating strategic adjustments for recovery.
Balance Sheet
60
Neutral
Bass Oil Ltd maintains a solid equity position, with a favorable debt-to-equity ratio indicating low leverage. The equity ratio is healthy, suggesting a stable financial structure. However, the decrease in net income affects return on equity, highlighting the need for improved profitability.
Cash Flow
50
Neutral
The cash flow statement indicates negative free cash flow, which raises concerns about liquidity management. Absence of operating cash flow further exacerbates the situation, though past positive free cash flow provides some comfort. The company must enhance cash flow generation to sustain operations.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue5.71M6.56M
Gross Profit1.58M2.41M
EBITDA-122.93K735.75K
Net Income-393.83K269.78K
Balance Sheet
Total Assets11.37M11.38M11.35M
Cash, Cash Equivalents and Short-Term Investments619.63K935.91K95.05K
Total Debt83.60K156.53K63.38K
Total Liabilities4.38M4.57M
Stockholders Equity6.99M6.81M
Cash Flow
Free Cash Flow-1.06M259.60K
Operating Cash Flow508.77K954.80K
Investing Cash Flow-1.69M-1.47M
Financing Cash Flow876.47K-63.73K

Bass Oil Ltd Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price0.03
Price Trends
50DMA
0.03
Negative
100DMA
0.04
Negative
200DMA
0.05
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
49.91
Neutral
STOCH
125.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BAS, the sentiment is Neutral. The current price of 0.03 is above the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.03, and below the 200-day MA of 0.05, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 49.91 is Neutral, neither overbought nor oversold. The STOCH value of 125.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:BAS.

Bass Oil Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (67)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
67
Neutral
$14.94B9.786.38%5.19%4.13%-66.99%
AUATS
53
Neutral
$10.52M-16.71%-2.29%45.56%
AUATS
53
Neutral
$10.52M-16.71%-2.29%45.56%
AUBAS
46
Neutral
AU$8.94M56.67-5.62%-12.53%-233.33%
AUVEN
41
Neutral
AU$8.35M-41.54%27.03%58.18%
AUVEN
41
Neutral
AU$8.35M-41.54%27.03%58.18%
AUGAS
41
Neutral
AU$8.64M-9.81%-73.68%
AUQEM
39
Underperform
AU$8.27M-69.10%79.49%
AUAXP
38
Underperform
$6.68M-16.77%-91.48%30.00%
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:BAS
Bass Oil Ltd
0.03
-0.04
-57.14%
AU:AXP
AXP Energy
AU:ATS
Australis Oil & Gas
0.01
>-0.01
-9.09%
AU:ATS
Australis Oil & Gas
0.01
>-0.01
-9.09%
AU:QEM
QEM Limited
0.04
-0.07
-63.64%
AU:VEN
Vintage Energy Ltd.
0.01
0.00
0.00%
AU:VEN
Vintage Energy Ltd.
0.01
0.00
0.00%
AU:GAS
State Gas Ltd.
0.02
-0.07
-77.78%

Bass Oil Ltd Corporate Events

Bass Oil Limited’s BASO Options Reinstated on ASX
Jun 27, 2025

Bass Oil Limited has announced that its security class code BASO will be reinstated to quotation on the ASX as of June 27, 2025. This reinstatement applies solely to the BASO options and does not affect any other securities of the company, potentially impacting its market operations and investor engagement.

Bass Oil Ltd Announces Director’s Interest Change
Jun 23, 2025

Bass Oil Ltd has announced a change in the director’s interest, specifically involving Giustino Guglielmo. The change includes the acquisition of 5,625,000 fully paid ordinary shares and 2,812,500 unlisted options by Miller Anderson Pty Ltd, a company associated with Mr. Guglielmo. This change is part of the company’s 1 for 3 non-renounceable rights issue, which could potentially impact the company’s market positioning and shareholder value.

Bass Oil Ltd Director Increases Stake Through Rights Issue
Jun 23, 2025

Bass Oil Ltd has announced a change in the director’s interest, specifically for Hector Mackenzie Gordon. The director acquired 519,429 fully paid ordinary shares and 259,715 unlisted options as part of the company’s 1 for 3 non-renounceable rights issue. This change reflects an increase in the director’s stake in the company, potentially indicating confidence in the company’s future prospects.

Bass Oil Director Increases Stake Through Rights Issue
Jun 23, 2025

Bass Oil Ltd has announced a change in the director’s interest, with Laura Ann Reed acquiring additional securities through the company’s 1 for 3 Non-Renounceable Rights Issue. This acquisition includes 135,817 fully paid ordinary shares and 67,909 unlisted options, which may impact the company’s governance and shareholder dynamics.

Bass Oil Ltd Announces Director’s Interest Change Amid Rights Issue
Jun 23, 2025

Bass Oil Ltd announced a change in the director’s interest, with Mark Llewellyn Lindh acquiring additional securities through entities associated with him. This change was part of the company’s 1 for 3 Non-Renounceable Rights Issue, indicating a strategic move to strengthen its financial position and potentially increase shareholder value.

Bass Oil Unveils Top 20 Option Holders and New BASO Securities
Jun 19, 2025

Bass Oil Limited announced the release of its top 20 option holders and distribution schedule for a new class of quoted securities, BASO, with an expiry date of May 31, 2028. This move is part of the company’s strategy to leverage its strengths and enhance its market position, potentially impacting stakeholders by offering new investment opportunities.

Bass Oil Ltd Announces Quotation of New Securities
Jun 19, 2025

Bass Oil Ltd has announced the quotation of 28,911,880 ordinary fully paid securities and 14,455,940 options expiring on May 31, 2028. This move is part of a previously announced transaction, potentially impacting the company’s market presence and offering opportunities for stakeholders to engage with its securities.

Bass Oil Limited Secures $925,180 in Capital Raising for Expansion
Jun 18, 2025

Bass Oil Limited has successfully raised $925,180 through a Non-Renounceable Rights Issue, allowing eligible shareholders to subscribe for new shares and options. The funds will be used for the Vanessa Acquisition from Beach Energy Limited and other growth initiatives, marking a significant step in the company’s expansion strategy.

Bass Oil Limited Reports Increased Production and Strategic Gas Field Acquisition
Jun 18, 2025

In May, Bass Oil Limited reported a total sales revenue of A$563,871, with daily oil production averaging 232 barrels per day and total monthly production increasing by 3% to 7,184 barrels. The company is acquiring a 100% interest in the Vanessa gas field, which includes a shut-in production well and a gas processing facility. This acquisition positions Bass Oil as a future gas producer in Australia’s evolving energy market, with potential for first gas sales and reserve growth through the recertification and recommissioning of the Vanessa gas production facility.

Bass Oil Ltd Highlights Emerging Role in Australian Gas Production
Jun 10, 2025

Bass Oil Ltd has released a presentation highlighting its status as an emerging player in the Australian gas production industry. The presentation emphasizes the company’s focus on developing petroleum reserves, although it notes that further exploration and evaluation are necessary to determine the potential recoverability of hydrocarbons. The announcement underscores the speculative nature of investments in the company’s securities and advises potential investors to conduct independent assessments before making investment decisions.

Bass Oil Limited to Host Investor Webinar on Strategic Acquisition
Jun 5, 2025

Bass Oil Limited has announced an investor webinar where the Managing Director will discuss the recent acquisition of the Vanessa gas field, processing plant, and gas export pipeline. This acquisition is expected to accelerate Bass’ entry into the gas market and enhance its operations in the Cooper Basin, potentially impacting its market positioning and stakeholder interests.

Bass Oil Expands into Gas Production with Vanessa Field Acquisition
May 26, 2025

Bass Oil Limited reported total sales revenue of A$570,750 for April, with daily oil production averaging 226 barrels per day. The company is set to acquire a 100% interest in the Vanessa gas field from Beach Energy, which includes a shut-in production well and gas processing facility. This acquisition positions Bass Oil as a future gas producer in Australia’s evolving energy market, potentially enhancing its industry positioning and providing new opportunities for stakeholders.

Bass Oil Launches $3.1 Million Rights Issue for Expansion
May 23, 2025

Bass Oil Limited has announced a non-renounceable rights issue to raise approximately $3.1 million to support the acquisition of the Vanessa gas field and other growth initiatives. The rights issue offers one new share for every three shares held, with additional options, and is part of the company’s strategic efforts to bolster its asset base and drive future growth.

Bass Oil Ltd Announces New Options Issuance to Boost Equity Exposure
May 20, 2025

Bass Oil Ltd has announced the issuance of options in connection with its Entitlement Offer and Shortfall Offer, as detailed in its prospectus. These options, with an exercise price of $0.05 and an expiry date of 31 May 2028, are aimed at eligible shareholders and new institutional investors, allowing them to increase their equity exposure in the company. The initiative is expected to raise up to $3.1 million, supporting the company’s strategic objectives in the gas exploration and production industry.

Bass Oil Limited Updates AGM Presentation with Key Amendments
May 15, 2025

Bass Oil Limited announced amendments to its ‘2025 AGM Presentation’ released on 15 May 2025. The revisions include the addition of a Competent Person statement and a cautionary statement for prospective resources. These changes reflect the company’s commitment to transparency and regulatory compliance, potentially impacting its industry positioning and stakeholder confidence.

Bass Oil Limited’s 2025 AGM: Key Resolutions and Outcomes
May 15, 2025

Bass Oil Limited held its 2025 Annual General Meeting where several resolutions were voted on by shareholders. The resolution to adopt the Remuneration Report and the approval for an additional 10% placement capacity were not carried. However, the issuance of rights to Mr. Tino Guglielmo, and the re-election of Mr. Hector Mackenzie Gordon and Mr. Mark Llewellyn Lindh as directors were successfully carried. These outcomes may impact the company’s governance and strategic direction.

Bass Oil Ltd AGM Presentation Highlights
May 15, 2025

Bass Oil Ltd has released a presentation for its AGM, highlighting its current status and future expectations. The company emphasizes that the information is for general purposes and cautions against using it as the sole basis for investment decisions, as it contains forward-looking statements subject to change.

Bass Oil Ltd Updates Securities Issue Announcement
May 14, 2025

Bass Oil Ltd has updated its previous announcement regarding the proposed issue of securities, specifically correcting the offer price per option as detailed in their prospectus. This update reflects the company’s ongoing efforts to maintain transparency and accuracy in its financial disclosures, which could impact its market positioning and stakeholder confidence.

Bass Oil Limited Announces Proposed Securities Issue
May 14, 2025

Bass Oil Limited has announced a proposed issue of securities, involving a total of 145,266,079 securities to be issued as part of a standard pro rata, non-renounceable offer. This move is likely aimed at raising capital to support the company’s operations and growth strategies, potentially impacting its market position and offering opportunities for stakeholders.

Bass Oil Ltd Announces Rights Issue to Raise Capital
May 14, 2025

Bass Oil Ltd has announced a pro-rata, non-renounceable rights issue, offering 1 new share for every 3 shares held, priced at $0.032 per new share. This initiative includes a free attaching new option for every 2 new shares subscribed, exercisable at $0.05 by May 2028. The rights issue aims to raise capital, potentially impacting shareholder value through dilution if entitlements are not taken up. The offer is open to eligible shareholders in Australia and New Zealand, with the new securities expected to be quoted on the ASX.

Bass Oil Acquires Vanessa Gas Field and Launches Capital Raise
May 14, 2025

Bass Oil Limited has announced the acquisition of a 100% interest in the Vanessa gas field from Beach Energy, which includes a gas production well, processing facility, and a pipeline connected to the Cooper Basin gas network. This acquisition positions Bass as a gas producer and provides potential for significant growth in the energy market. Additionally, Bass is launching a capital raise of $3.1 million to support this acquisition and other growth initiatives, marking a strategic step towards becoming a mid-sized oil and gas producer.

Bass Oil Reports Positive Cash Flow and Strategic Progress in Q1 2025
Apr 28, 2025

Bass Oil Limited reported a positive cash flow from operations for the quarter ending March 2025, with oil sales totaling A$1.97 million at an average price of A$117.90 per barrel. The company produced 21,207 barrels of oil, with production averaging 231 barrels per day, despite a 7% decrease from the previous quarter due to natural field decline in Indonesia. The company is progressing towards entering the eastern Australian gas market, with the Kiwi project and PEL 182 deep coal gas play as key growth pillars. Cash reserves increased by 11% to A$1.10 million, and the company changed its functional currency to Australian dollars.

Bass Oil Limited Reports March Production and Advances Kiwi Field Development
Apr 22, 2025

Bass Oil Limited reported a total sales revenue of A$567,784 for March, with daily oil production averaging 221 barrels per day. The company’s Cooper Basin operations produced 2,857 barrels, while Indonesian operations produced 4,005 barrels. A rain event in the Cooper Basin slightly impacted sales, but the company maintained strong production levels. Additionally, Bass Oil is progressing with its Kiwi 1 Field Development, engaging in discussions for gas transportation and processing, and reviewing seismic reprocessing submissions to enhance hydrocarbon reservoir imaging.

Bass Oil Ltd Announces Successful Operations and Upcoming AGM
Apr 15, 2025

Bass Oil Ltd has successfully completed a flow test at its Kiwi-1 well and maintained production and cash generation from its assets in Indonesia and the Cooper Basin. As the company looks forward to 2025, it remains committed to its growth strategy of becoming a mid-tier oil and gas producer, with significant planning underway to unlock value across its portfolio. The company has announced its 2025 Annual General Meeting, encouraging shareholders to participate and submit proxies in advance.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 03, 2025