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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 | 6.56M | ― | ― | ― |
| Gross Profit | 1.58M | 2.41M | ― | ― | ― |
| EBITDA | -122.93K | 735.75K | ― | ― | ― |
| Net Income | -393.83K | 269.78K | ― | ― | ― |
Balance Sheet | |||||
| Total Assets | 11.37M | 11.38M | 11.35M | ― | ― |
| Cash, Cash Equivalents and Short-Term Investments | 619.63K | 935.91K | ― | ― | 95.05K |
| Total Debt | 83.60K | 156.53K | 63.38K | ― | ― |
| Total Liabilities | 4.38M | 4.57M | ― | ― | ― |
| Stockholders Equity | 6.99M | 6.81M | ― | ― | ― |
Cash Flow | |||||
| Free Cash Flow | -1.06M | 259.60K | ― | ― | ― |
| Operating Cash Flow | 508.77K | 954.80K | ― | ― | ― |
| Investing Cash Flow | -1.69M | -1.47M | ― | ― | ― |
| Financing Cash Flow | 876.47K | -63.73K | ― | ― | ― |
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 |
|---|---|---|---|---|---|---|---|
67 Neutral | $14.94B | 9.78 | 6.38% | 5.19% | 4.13% | -66.99% | |
53 Neutral | $10.52M | ― | -16.71% | ― | -2.29% | 45.56% | |
53 Neutral | $10.52M | ― | -16.71% | ― | -2.29% | 45.56% | |
46 Neutral | AU$8.94M | 56.67 | -5.62% | ― | -12.53% | -233.33% | |
41 Neutral | AU$8.35M | ― | -41.54% | ― | 27.03% | 58.18% | |
41 Neutral | AU$8.35M | ― | -41.54% | ― | 27.03% | 58.18% | |
41 Neutral | AU$8.64M | ― | -9.81% | ― | ― | -73.68% | |
39 Underperform | AU$8.27M | ― | -69.10% | ― | ― | 79.49% | |
38 Underperform | $6.68M | ― | -16.77% | ― | -91.48% | 30.00% |
Bass Oil Ltd Corporate Events
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.
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 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 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 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 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 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 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 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 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 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.