Past year: ▲ 82%(3.30c – 6.50c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
27 Mar 2026production update▼ Bad
February output averaged 220 bopd; sales only A$266,290 because heavy rain suspended Cooper oil trucking, with oil stored on site. Sales are expected to resume in early April with a catch-up. Vanessa approval was confirmed by the regulator; the letter is still to come.
26 Mar 2026resource reserve update● NeutralMajor
At 31 December 2025, 2P oil reserves were 0.796 million barrels, largely unchanged from 0.789m. 2C contingent resources were 1.824 million barrels of oil equivalent (from 1.792m). Kiwi gas resources are unchanged, with front-end engineering work planned in 2026.
26 Mar 2026other● Neutral
Corporate governance filing (Appendix 4G) confirming the governance statement is on the company website and approved by the board as at 26 March 2026. Administrative; no new business information.
26 Mar 2026annual report● Neutral
2025 annual report: revenue A$7.11m and EBITDA A$0.49m on 67,852 barrels sold, with oil prices 10% lower. Vanessa completion is due in the March quarter 2026, with first gas by end of 2026. Bunian 6 is planned. Zero lost-time incidents.
25 Mar 2026investor presentation● Neutral
March 2026 investor presentation, titled 'An Emerging Australian Gas Producer'. Visible text is only the disclaimer, so no new facts can be drawn; it presumably repeats known Vanessa, Kiwi and Indonesian news.
24 Mar 2026drilling progress report● Neutral
Reprocessing of the Dundinna 3D seismic has begun, with geochemical work to follow, to test the Triassic source theory near Kiwi. Kiwi contingent resources remain 1.1-11.5 BCF. Results are expected by June 2026. Continues the Triassic study from December.
19 Mar 2026contract award▲ GoodMajor
Indonesia's regulator approved the drilling contract for the Bunian 6 oil well, with the rig expected to start in May. Bass (55%) forecasts it will add 500 bopd to the current 250 bopd. Delivers the long-awaited approval for the final firm work commitment.
16 Mar 2026capital raising announcement▲ GoodMajor
Bass raised A$3.0m via a placement of 47,619,050 shares at A$0.063 (13% below last price), with one free A$0.0945 option per two shares, subject to shareholder approval. Funds go to Vanessa completion and recommissioning, Bunian 6 and Kiwi toward a final investment decision. Follows the A$0.92m December cash balance.
What it means for a shareholder
47.6m new shares at A$0.063 to raise about A$3.0m. That's 13% dilution: every existing holder's slice gets 13% smaller. If you held A$1,000 of shares (15,873 at the issue price), your slice goes from 0.00497% to 0.00433% of the company. To keep it you'd need 2,367 more shares - about A$149 at the issue price.
Create a free account to see this worked out for your own holding.
27 Feb 2026production update● Neutral
January output averaged 237 bopd; sales A$471,374. The regulator has advised it will approve the Vanessa acquisition, with a confirming letter to follow. The A$3.5m Kiwi grant is noted again, with farm-down talks continuing for the balance of funding.
24 Feb 2026material agreement▲ GoodMajor
Bass received a A$3.5m South Australian Government grant toward the pipeline connecting Kiwi to Cooper Basin infrastructure, subject to signing a grant agreement. It covers only part of the cost; farm-in talks continue for the rest of the funding.
20 Feb 2026listing compliance notice● Neutral
ASX paused trading in Bass securities pending a further announcement. No reason is given in the notice; the Kiwi grant announcement followed four days later (the link is an inference).
29 Jan 2026quarterly activities report● Neutral
December quarter production 22,449 barrels (244 bopd), up 7.4%; sales A$1.75m at US$63.17. Cash fell to A$0.92m. Origin gas deal signed; Vanessa approval still pending. Santos's Jack Lake 8 deep coal well was fracture stimulated and is on test.
16 Jan 2026production update● Neutral
December output averaged 239 bopd; sales A$546,277. The Padulla 3 jet pump was replaced mid-month, lifting Cooper output. Indonesia fell 8% on minor downtime and natural decline. Vanessa approval is still described as expected shortly.
19 Dec 2025production update● Neutral
November output averaged 249 bopd; sales A$564,320. Cooper output fell 8% on a worn Padulla 3 jet pump, due for replacement in December. Vanessa approval still 'expected shortly'; Origin gas deal noted. Santos's first deep coal well has been fracture stimulated.
8 Dec 2025material agreement▲ GoodMajor
Bass signed a binding three-year gas sales agreement with Origin Energy for all Vanessa gas, up to 12.045 PJ from 2026. It resolves the open gas buyer search. Still depends on completing the Vanessa acquisition and recommissioning.
1 Dec 2025drilling result▲ Good
Triassic study found structural features north and south of Kiwi, pointing to a possible new gas hub. Kiwi gas is low in CO2 and rich in condensate. Bass says it is progressing third-party farm-in talks. No new volumes were given.
19 Nov 2025production update▲ Good
October output averaged 244 bopd, up 4%; sales A$653,183, up 32%, helped by Indonesia's 20% workover uplift. Vanessa now targets first gas in second half 2026 once approval comes. R&D claim lodged; Santos's first deep coal well drilled.
28 Oct 2025quarterly activities report● Neutral
September quarter production 20,905 barrels (227 bopd), sales A$1.62m at US$66.58. Cash fell 31% to A$1.36m. Vanessa approval still expected shortly; the Indonesian program lifts output 20%; R&D claim to be lodged.
21 Oct 2025production update● Neutral
September output averaged 234 bopd; sales A$493,600, held down because rain cut Cooper oil sales to 1,222 barrels. Indonesian workovers finished early October, lifting output 20%. Vanessa approval is expected shortly; gas buyer talks are well advanced.
19 Sept 2025production update▲ Good
August output averaged 228 bopd (Bass share), up 3.5%; sales A$615,721, up 20% on July. Indonesian workovers began, with Bunian 5 done. Vanessa approval still progressing; Kiwi funding options including a farm down continue.
10 Sept 2025investor presentation● Neutral
Presentation for the 10 September 2025 RIU Good Oil conference, titled 'An Emerging Australian Gas Producer'. Visible text is only the disclaimer, so no new facts can be drawn; it presumably repeats known Vanessa, Kiwi and Indonesian news.
9 Sept 2025half year report● Neutral
Half-year to 30 June 2025: sales revenue fell 9% to A$3.71m on lower oil prices; EBITDA rose 55% to A$571,000; net loss A$142,000 (HY24: A$368,000 loss). Cash A$1.96m after the A$0.92m rights issue. Kiwi financing, including farm-in interest, is being worked on.
9 Sept 2025half year report● Neutral
ASX summary of the half-year results: revenue A$3.71m (down 9%), EBITDA A$571,000 (up 55%), cash A$1.96m, no lost-time incidents. Repeats the full half-year report released the same day.
18 Aug 2025production update● Neutral
July output averaged 220 bopd (Bass share); sales A$517,344. Gas buyer talks for Vanessa have started and approvals continue. An Indonesian production enhancement program began, and Bass is preparing an R&D claim for its deep coal work. Kiwi funding options include a farm down.
30 July 2025quarterly activities report● Neutral
June quarter production was 21,285 barrels (234 bopd), steady on March; oil sales A$1.69m at US$66.85 per barrel. Cash rose 79% to A$1.96m after the A$925,180 rights issue. Vanessa is described as nil cash cost, with the vendor contributing to rehabilitation.
14 July 2025production update● Neutral
June output averaged 241 bopd (Bass share), up 4%; sales A$566,924 (US$371,335). Vanessa approvals are progressing and recommissioning planning has begun. Bass is now considering funding options for Kiwi, including a farm down, a new element.
27 June 2025listing compliance notice● Neutral
ASX reinstated the BASO options to quotation on 27 June 2025, ending the suspension that began on 19 June. Administrative notice only.
19 June 2025security holder rights change● Neutral
Top 20 holders and distribution schedule for the new BASO options (A$0.05, expiring 31 May 2028): 14,455,940 options held by 195 investors. The largest holder has 19.46%. Chairman Hector Gordon holds 259,715. Compliance filing only.
19 June 2025listing compliance notice● Neutral
ASX suspended the new BASO options from quotation pending confirmation that quotation conditions are met. Applies only to the options, not the shares. Procedural step following the rights issue.
18 June 2025capital raising announcement▼ BadMajor
The rights issue closed with only a 30% take-up, raising A$925,180 at A$0.032 against up to about A$3.1m sought. About 67.9m shortfall shares remain for the board to place within 3 months via PAC Partners and AE Advisors; funds go to Vanessa.
