Bass Oil Ltd (BAS) AI Stock Analysis

• Market Cap: AU$12.20M
• Dividend Yield: N/A
• Average Volume (3M): 220.61K
• Price to Earnings (P/E): 56.7
• Beta (1Y): 0.40
• Revenue Growth: -12.53%
• EPS Growth: -237.50%
• Country: AU
• Employees: 8
• Sector: Energy
• Sector Strength: 54
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): >-0.01
• Shares Outstanding: 290,475,000
• 10 Day Avg. Volume: 206,570
• 30 Day Avg. Volume: 220,607
• PEG Ratio: -0.54
• Price to Book (P/B): 1.01
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 346.59
• 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

Bass Oil Ltd's stock score is primarily impacted by its weak financial performance and bearish technical indicators. The key concern is the company's declining revenue and profitability, coupled with cash flow issues, which require urgent attention. Technical analysis suggests caution as the stock is trading below major moving averages. Valuation metrics are also not favorable, given the negative P/E ratio and lack of dividend yield.

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 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 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
2.73M	5.71M	6.56M	―	―	―
	Gross Profit
840.27K	1.58M	2.41M	―	―	―
	EBIT
―	-472.67K	421.82K	―	―	―
	EBITDA
147.26K	-122.93K	735.75K	―	―	―
	Net Income Common Stockholders
―	-393.83K	269.78K	―	―	―
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
―	619.63K	935.91K	―	―	95.05K
	Total Assets
―	11.37M	11.38M	11.35M	―	―
	Total Debt
―	83.60K	156.53K	63.38K	―	―
	Net Debt
―	-532.61K	-775.62K	―	―	―
	Total Liabilities
―	4.38M	4.57M	―	―	―
	Stockholders Equity
―	6.99M	6.81M	―	―	―
Cash Flow		Free Cash Flow
―	-1.06M	259.60K	―	―	―
	Operating Cash Flow
46.31K	0.00	954.80K	―	―	―
	Investing Cash Flow
―	-1.69M	-1.47M	―	―	―
	Financing Cash Flow
923.15K	876.47K	-63.73K	―	―	―

Bass Oil Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.04
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• 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 Negative. The current price of 0.04 is above the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.05, and below the 200-day MA of 0.06, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 40.48 is Neutral, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:BAS.

Bass Oil Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CUE	72 Outperform	AU$69.91M	7.41	13.84%	20.00%	-16.65%	-46.22%
Sector *	56 Neutral	$7.27B	3.51	-4.45%	5.66%	0.09%	-52.20%
BAS	47 Neutral	AU$12.20M	56.67	-5.62%	―	-12.53%	-237.50%

Bass Oil Ltd Corporate Events

Bass Oil Reports Positive Cash Flow and Strategic Progress in Q1 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

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

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.

Bass Oil Limited Updates Corporate Governance Statement

Bass Oil Limited has released its updated corporate governance statement, which has been approved by the board as of March 28, 2025. The statement, available on the company’s website, outlines the extent to which Bass Oil has adhered to the ASX Corporate Governance Council’s recommendations during the reporting period. This announcement reaffirms the company’s commitment to transparency and accountability in its governance practices, potentially enhancing stakeholder confidence and aligning with industry standards.

Bass Oil Ltd Releases 2024 Annual Report Highlighting Financial and Operational Performance

Bass Oil Ltd has released its annual report for the financial year ending December 31, 2024. The report outlines the company’s financial performance, including consolidated statements of profit, loss, and cash flows. It also covers the company’s reserves and resources, safety measures, and various reports from the directors and auditors. This comprehensive overview provides stakeholders with insights into the company’s operational efficiency and strategic positioning in the oil and gas industry.

Bass Oil Reports Stable Reserves and Significant Increase in Contingent Resources

Bass Oil Limited has reported its annual reserves review for 2024, showing its 2P oil reserves remain largely unchanged at 0.789 million barrels. However, the company’s 2C Contingent Resources in the Cooper Basin have increased by 52% to 1.735 million barrels of oil equivalent, driven by a higher-than-expected Condensate to Gas Ratio during the Kiwi 1 Extended Production Test. This increase in contingent resources suggests potential for future conversion to reserves, which could enhance Bass Oil’s operational capacity and market position.

Bass Oil Ltd Releases Informational Capital Raise Presentation

Bass Oil Ltd has released a capital raise presentation, highlighting its current status and future expectations. The company emphasizes that the presentation is for informational purposes only and not a financial or investment advice. The document contains forward-looking statements about the company’s business performance, which are subject to change and should not be solely relied upon for investment decisions.

Bass Oil Completes Kiwi Condensate Sale, Strengthening Market Position

Bass Oil Limited has completed the sale of 718 barrels of Kiwi condensate to a local refinery for A$59,000, marking a significant step in commercializing the Kiwi gas field. The Kiwi asset, which has shown promising production rates and substantial resource estimates, is positioned as a cornerstone in Bass’s growth strategy, with potential to significantly increase the company’s reserves and become a key supplier to the east coast gas market.

Bass Oil Limited’s January Update: Revenue Growth and Strategic Developments

Bass Oil Limited reported a 2.9% increase in total sales revenue for January, reaching US$436,282 (A$700,854), with daily oil production averaging 247 barrels. The Cooper Basin’s production rose by 7% to 3,662 barrels, while Indonesian production totaled 3,982 barrels. The company completed a pressure transient analysis at the Kiwi site, indicating a potential larger stratigraphic trapping mechanism, and is conducting a study on the Triassic gas potential surrounding the Arrabury Trough, which could have significant implications for future operations and stakeholder interest.

Bass Oil to Explore Triassic Gas Potential in Cooper Basin

Bass Oil Limited is conducting a study to assess the gas potential in the Triassic zone of the northern Cooper Basin, following promising results from the Kiwi gas test. This initiative underscores Bass’s strategy to enhance its asset base, with the Kiwi gas field representing a significant opportunity due to its reserves and strategic location, potentially strengthening its position in the east coast gas market.