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Bass Oil Ltd
(Sydney:BAS)
Bass Oil Ltd (BAS) vs. iShares MSCI Australia ETF (EWA)
Bass Oil Ltd Business Overview & Revenue Model
Bass Oil Ltd Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.71M | 6.62M | 5.79M | 2.98M | 3.21M |
| Gross Profit | 1.58M | 2.47M | 2.70M | 1.09M | 713.64K |
| EBITDA | -122.93K | 735.75K | 1.52M | -144.93K | 12.10K |
| Net Income | -393.83K | 269.78K | 42.59K | -601.61K | -499.83K |
Balance Sheet | |||||
| Total Assets | 11.37M | 11.38M | 11.35M | 5.02M | 3.88M |
| Cash, Cash Equivalents and Short-Term Investments | 619.63K | 935.91K | 1.48M | 1.49M | 95.64K |
| Total Debt | 83.60K | 156.53K | 62.89K | 19.72K | 82.07K |
| Total Liabilities | 4.38M | 4.57M | 4.80M | 1.92M | 1.98M |
| Stockholders Equity | 6.99M | 6.81M | 6.55M | 3.10M | 1.91M |
Cash Flow | |||||
| Free Cash Flow | -1.06M | 259.60K | -1.74M | -246.06K | -505.01K |
| Operating Cash Flow | 508.77K | 954.80K | 231.89K | -170.06K | -103.64K |
| Investing Cash Flow | -1.69M | -1.47M | -3.54M | -81.84K | -401.37K |
| Financing Cash Flow | 876.47K | -63.73K | 3.34M | 1.65M | -102.35K |
Bass Oil Ltd Technical Analysis
Bass Oil Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.01B | 7.48 | 4.09% | 5.36% | 4.10% | -61.80% | |
46 Neutral | AU$7.98M | 56.67 | -3.11% | ― | -12.53% | -233.33% | |
| ― | $8.71M | ― | -13.12% | ― | ― | ― | |
| ― | $4.35M | ― | -16.77% | ― | ― | ― | |
44 Neutral | AU$9.39M | ― | -41.54% | ― | 27.03% | 58.18% | |
41 Neutral | AU$6.68M | ― | -9.81% | ― | ― | -73.68% | |
39 Underperform | AU$8.51M | ― | -69.10% | ― | ― | 79.49% |
Bass Oil Ltd Corporate Events
In its quarterly report for the period ending June 30, 2025, Bass Oil Limited announced significant progress in its strategic aim to become a gas producer by acquiring a 100% interest in the Vanessa gas field and associated infrastructure at no cash cost. The acquisition is expected to advance the company’s commercialisation efforts for its deep coal gas resource, positioning Bass for future growth as a mid-tier oil and gas producer. The quarter also saw oil sales of A$1.69 million, with production averaging 234 barrels of oil per day. Despite a decline in oil prices, the company increased its cash reserves by 79% compared to the previous quarter, and raised $925,180 through a Non-Renounceable Rights Issue.
Bass Oil Limited reported a 2% increase in total sales revenue for June, with a total monthly production of 7,220 barrels, marking a 4% rise. The company is progressing with regulatory approvals to acquire a 100% interest in the Vanessa gas field, which is expected to enable first gas sales into the east coast gas market, potentially enhancing reserve growth and commercializing deep coal resources.
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 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 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 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 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 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 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 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.
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 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 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 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 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 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.