Bass Oil Ltd (BAS) AI Stock Analysis

• Market Cap: AU$16.29M
• Dividend Yield: N/A
• Average Volume (3M): 340.13K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.89
• 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$0.05 ▼(-8.00% Downside)
• Action: Reiterated Date: 12/11/25
• Date: Action: Reiterated 12/11/25

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

Low leverage / strong equity position

Low leverage gives Bass Oil durable financial flexibility to fund exploration and capital needs without urgent refinancing. In E&P, a strong equity base reduces insolvency risk during commodity downturns, allowing management time to execute restructuring or growth plans.

Modest revenue growth

A positive revenue growth rate near 7% suggests the company can expand top-line activity despite sector cyclicality. Sustained revenue expansion over months supports operational scale, helps absorb fixed costs, and creates a clearer path to restoring margins if cost control is maintained.

Prior positive free cash flow episodes

Historical episodes of positive free cash flow demonstrate the business can generate cash under the right conditions. That track record enhances credibility with lenders and partners and provides a base from which management can rebuild liquidity and fund targeted exploration or maintenance capex.

Negative Factors

Negative free cash flow and no operating cash flow

Negative free cash flow and lack of operating cash flow materially weaken liquidity and force reliance on external funding. Over a multi-month horizon this constrains capital allocation, raises refinancing risk, and can limit drilling, maintenance, or growth initiatives essential to E&P operations.

Negative profitability margins

Sustained negative net profit and operating margins indicate core operations are loss-making, not merely one-off items. Persisting margin losses erode equity, reduce reinvestment capacity, and make the business vulnerable to extended commodity weakness unless structural cost reductions or revenue gains are achieved.

Sharp EPS decline

An EPS contraction near -275% reflects severe earnings deterioration that diminishes retained earnings and investor confidence. Over months this reduces the company’s ability to self-fund operations, may tighten lender covenants, and limits strategic flexibility for exploration or acquisitions.

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: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 above the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.05, and above the 200-day MA of 0.04, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 51.56 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, 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$16.29M	-36.43	-3.11%	―	7.09%	-275.00%
ATS	54 Neutral	AU$30.48M	-3.01	-13.12%	―	-13.55%	-8.96%
QEM	48 Neutral	AU$10.64M	-2.02	-147.07%	―	―	-36.92%
AXP	44 Neutral	AU$4.51M	-0.48	-87.23%	―	-7.28%	4.94%
GAS	43 Neutral	AU$10.64M	-2.81	-7.92%	―	―	16.52%
VEN	39 Underperform	AU$8.35M	―	-15.46%	―	-9.56%	87.68%

Bass Oil Ltd Corporate Events

Bass Oil Lifts Quarterly Production and Secures Gas Sales Deal with Origin

Bass Oil reported December quarter net production of 22,449 barrels of oil, up 7.4% on the prior quarter, generating A$1.75 million in sales at an average realised price of A$94.38 per barrel, with both its Cooper Basin and Indonesian assets performing to expectations despite softer oil prices. Operationally, the company advanced a strategic shift toward gas by signing a binding three-year gas sales agreement with Origin Energy for future Vanessa field production, with regulatory approval for the Vanessa acquisition expected shortly, positioning Bass to enter the East Coast gas market and underpinning its broader growth plans alongside the Kiwi project and PEL 182 deep coal gas play, while the Santos-led Cooper Basin joint venture reported successful drilling and fracture stimulation of the Jack Lake 8 deep coal appraisal well, which is currently on test.

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.

Bass Oil Lifts December Output and Secures Gas Sales Deal for Vanessa Field

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.

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.