Bass Oil Ltd (BAS) AI Stock Analysis

• Market Cap: AU$16.93M
• Dividend Yield: N/A
• Average Volume (3M): 340.13K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.72
• Revenue Growth: 7.09%
• EPS Growth: -275.00%
• Country: AU
• Employees: 8
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): >-0.01
• Shares Outstanding: 319,386,900
• 10 Day Avg. Volume: 193,017
• 30 Day Avg. Volume: 340,133
• PEG Ratio: 0.10
• Price to Book (P/B): 1.31
• Price to Sales (P/S): 1.61
• P/FCF Ratio: -8.62
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 56 Neutral
• Price Target: AU$0.06 ▲(16.00% Upside)

The overall stock score is primarily influenced by financial performance challenges, with declining revenue and profitability being significant concerns. However, technical analysis shows positive momentum, providing some optimism. Valuation remains a weak point due to negative earnings and lack of dividends.

Positive Factors

Balance Sheet Health

A strong balance sheet with low leverage provides financial stability and flexibility, allowing the company to withstand market fluctuations and invest in growth opportunities.

Operational Efficiency

Improving operational efficiency can lead to cost reductions and better cash flow management, enhancing the company's ability to sustain operations and invest in future growth.

Revenue Growth

Positive revenue growth indicates increasing market demand and successful operational strategies, supporting long-term business expansion and shareholder value.

Negative Factors

Declining Profitability

Declining profitability and negative margins suggest operational challenges that could hinder the company's ability to generate sustainable earnings and return on investment.

Cash Flow Challenges

Negative free cash flow impacts liquidity, limiting the company's ability to fund operations and growth initiatives, potentially affecting long-term financial health.

Negative Earnings

Negative earnings highlight ongoing financial struggles, reducing investor confidence and the ability to attract capital for future projects.

Bass Oil Ltd Business Overview & Revenue Model

Company Description

Bass Oil Limited, together with its subsidiaries, engages in the exploration, development, and production of oil and gas. It primarily holds a 55% interest in the Tangai-Sukananti KSO production assets located in South Sumatra, Indonesia. The company was formerly known as Bass Strait Oil Company Ltd and changed its name to Bass Oil Limited in March 2017. Bass Oil Limited was incorporated in 1965 and is based in Melbourne, Australia.

How the Company Makes Money

Bass Oil Ltd generates revenue primarily through the sale of crude oil extracted from its operational sites in the Cooper Basin. The company employs a revenue model based on the production and sale of hydrocarbons, which includes both the direct sale of oil and potential gas production. Key revenue streams include income from oil sales to domestic and international markets, which are influenced by global oil prices. Additionally, BAS may engage in joint ventures or partnerships with other exploration and production companies to share resources and expertise, thereby reducing operational costs and enhancing profitability. Factors contributing to its earnings include the efficiency of its extraction techniques, market demand for oil, and the strategic management of its asset portfolio.

Bass Oil Ltd Financial Statement Overview

Summary

Bass Oil Ltd faces financial headwinds, evident from declining revenue and profitability. The balance sheet remains robust with low leverage, yet cash flow challenges persist. Strategic focus on operational efficiency and cash flow enhancement is critical for future growth and stability.

Income Statement

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

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

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.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	5.53M	5.71M	6.62M	5.72M	2.98M	3.21M
Gross Profit	1.72M	1.58M	2.47M	2.70M	1.09M	713.64K
EBITDA	63.20K	-122.93K	735.75K	1.52M	-144.93K	12.10K
Net Income	-244.66K	-393.83K	269.78K	42.59K	-601.61K	-499.83K
Balance Sheet
Total Assets	11.99M	11.37M	11.38M	11.35M	5.02M	3.90M
Cash, Cash Equivalents and Short-Term Investments	1.29M	619.63K	935.91K	1.48M	1.49M	95.64K
Total Debt	80.44K	83.60K	156.53K	91.04K	19.72K	82.07K
Total Liabilities	4.23M	4.38M	4.57M	4.80M	1.92M	1.98M
Stockholders Equity	7.76M	6.99M	6.81M	6.55M	3.10M	1.91M
Cash Flow
Free Cash Flow	-810.55K	-1.06M	259.60K	-1.74M	-254.80K	-505.01K
Operating Cash Flow	1.20M	508.77K	954.80K	231.89K	-170.06K	-103.64K
Investing Cash Flow	-2.13M	-1.69M	-1.47M	-3.54M	-81.84K	-401.37K
Financing Cash Flow	543.38K	876.47K	-63.73K	3.34M	1.65M	-102.35K

Bass Oil Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.05
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BAS, the sentiment is Positive. The current price of 0.05 is below the 20-day moving average (MA) of 0.05, above the 50-day MA of 0.04, and above the 200-day MA of 0.03, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 52.43 is Neutral, neither overbought nor oversold. The STOCH value of 17.50 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:BAS.

Bass Oil Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
BAS	56 Neutral	AU$16.93M	-39.29	-3.11%	―	7.09%	-275.00%
ATS	54 Neutral	AU$21.93M	-2.47	-13.12%	―	-13.55%	-8.96%
AXP	44 Neutral	AU$5.26M	-0.60	-87.23%	―	-7.28%	4.94%
GAS	43 Neutral	AU$9.04M	-2.71	-7.92%	―	―	16.52%
QEM	42 Neutral	AU$3.55M	-0.84	-147.07%	―	―	-36.92%
VEN	39 Underperform	AU$9.39M	―	-15.46%	―	-9.56%	87.68%

Bass Oil Ltd Corporate Events

Bass Oil Lifts November Output and Secures Origin Gas Deal to Enter East Coast Market

Bass Oil Limited reported total November sales revenue of A$564,320 on group production averaging 249 barrels of oil per day, with 7,480 barrels produced and sold across its Cooper Basin and Indonesian assets. While Cooper Basin output dipped 8% to 2,551 barrels due to jet pump wear at the Padulla-3 well, Indonesian production rose more than 9% to 4,929 barrels, supported by strong realised prices in both regions. Operational uptime at Worrior and Padulla remained around 99%, and a pump replacement is scheduled to stabilise Cooper Basin volumes. Strategically, Bass advanced its transition into gas with a binding three-year gas sales agreement with Origin Energy covering up to 12 petajoules from the Vanessa gas field from 2026, alongside progressing regulatory approvals and detailed planning to recommission the well, facilities and pipeline. The Vanessa acquisition is expected to open Bass’s first gas sales into the east coast market, provide scope for reserve growth from conventional and tight gas in the Toolachee and Patchawarra formations, and support appraisal of deep coal resources in PEL 182, potentially strengthening the company’s production base and resource portfolio.

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.

Bass Oil Secures Gas Sales Agreement with Origin Energy

Bass Oil Limited has signed a binding Gas Sales Agreement with Origin Energy for the supply of gas from the Vanessa Gas Project in the Cooper Basin, South Australia. This three-year agreement, starting in 2026, marks a significant step for Bass into the East Coast Gas Market, with the potential to commercialize the Vanessa field and unlock further gas resources in its PEL 182 permit.

The most recent analyst rating on (AU:BAS) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Bass Oil Ltd stock, see the AU:BAS Stock Forecast page.

Bass Oil Identifies New Potential in Kiwi Area

Bass Oil Limited has identified further potential in the Kiwi area of the Cooper Basin through a Triassic gas study. The study revealed structural features that could lead to a new commercial hub centered around the Kiwi gas field, which is notable for its low CO2 and high condensate content. The company is exploring third-party farm-in discussions and progressing field development, which could enhance its industry positioning and stakeholder value.

The most recent analyst rating on (AU:BAS) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Bass Oil Ltd stock, see the AU:BAS Stock Forecast page.

Bass Oil Limited Reports Revenue Growth and Advances Gas Field Acquisition

Bass Oil Limited reported a 32% increase in total sales revenue for October, with daily oil production averaging 244 barrels per day, up 4%. The company completed a production enhancement program in Indonesia, boosting oil production by nearly 20%. Additionally, Bass is advancing its Vanessa gas field acquisition, with regulatory approval expected soon, aiming for first gas sales in the second half of 2026. This acquisition is significant as it positions Bass for entry into the east coast gas market and offers potential reserve growth and commercial opportunities in deep coal gas.

Bass Oil Limited Reports Quarterly Growth and Strategic Gas Market Entry

Bass Oil Limited reported quarterly oil sales of A$1.62 million with a production of 20,905 barrels, averaging 227 barrels per day. The company completed a production enhancement program in Indonesia, increasing oil production by 20%. Bass is also progressing towards becoming a gas producer with the acquisition of the Vanessa gas field, aiming to enter the East Coast Gas Market. Despite a slight decline in oil prices and production, Bass is focused on growth through strategic projects like Vanessa, the Kiwi project, and the PEL 182 deep coal gas play.

Bass Oil Boosts Production and Advances Gas Field Acquisition

Bass Oil Limited reported a 3% increase in daily oil production for September, totaling 7,023 barrels, with sales revenue of A$493,600. The company completed a production enhancement program in Indonesia, boosting oil production by 20%, and is finalizing regulatory approvals for the Vanessa gas field acquisition, which will enable its first gas sales into the east coast gas market. This acquisition is expected to enhance reserve growth and commercialize deep coal resources, marking a significant step in Bass Oil’s strategic expansion.