Past year: ▲ 82%(3.30c – 6.50c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
29 May 2026capital raising announcement● Neutral
Bass lodged a prospectus offering the free options attached to the March A$3m placement: one A$0.0945 option per two shares, plus 7,936,508 options to lead manager PAC Partners. Offer closes 5 June, with options due to be issued 9 June. Completes the March placement terms.
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.
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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.
23 May 2025capital raising announcement● Neutral
Bass has posted the rights issue prospectus and entitlement forms to eligible shareholders. The offer, about A$3.1m at A$0.032 with free attaching options, closes 13 June 2025. Administrative notice.
14 May 2025capital raising announcement● Neutral
Prospectus for the 1-for-3 non-renounceable rights issue at A$0.032 per share, raising up to about A$3.1m, with one free option (A$0.05, expiring 31 May 2028) per two shares taken up. Closes 13 June 2025. Funds the Vanessa deal and growth; non-participating holders are diluted.
15 May 2024capital raising announcement● NeutralMajor
The SPP raised only A$442,598 (6.32m shares at A$0.07), well short of the A$2.0m target. Combined with the placement, total proceeds are about A$1.54m to fund Kiwi 1 and PEL 182 work.
What it means for a shareholder
6.3m new shares at A$0.070 to raise about A$442,598. That's 2.2% dilution: every existing holder's slice gets 2.2% smaller. If you held A$1,000 of shares (14,286 at the issue price), your slice goes from 0.00503% to 0.00492% of the company. To keep it you'd need 318 more shares - about A$22 at the issue price.
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8 May 2024capital raising announcement● Neutral
Reminder that the Share Purchase Plan closes on 10 May 2024 at A$0.07 per share, up to A$30,000 per holder. Administrative; no new information.
23 Apr 2024capital raising announcement● Neutral
Letter opening the Share Purchase Plan for eligible Australian and New Zealand holders: up to A$30,000 each at A$0.07, targeting A$2.0m, not underwritten. Open 23 April to 10 May 2024; results due 15 May. Implements the SPP announced on 19 April.
19 Apr 2024capital raising announcement● NeutralMajor
Bass raised A$1.1m through a placement of 15.71m shares at A$0.07, mostly to one Tier 1 institutional resources investor, and will offer an SPP of up to A$2.0m at the same price. Funds go to PEL 182 studies, the Kiwi 1 test and oil development.
What it means for a shareholder
15.7m new shares at A$0.070 to raise about A$1.1m. That's 5.5% dilution: every existing holder's slice gets 5.5% smaller. If you held A$1,000 of shares (14,286 at the issue price), your slice goes from 0.00532% to 0.00503% of the company. To keep it you'd need 836 more shares - about A$59 at the issue price.
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19 Apr 2024capital raising announcement● Neutral
Revised re-release of the same announcement: A$1.1m placement at A$0.07 (15.71m shares) and an SPP of up to A$2.0m. Adds footnote references to earlier announcements; the terms appear unchanged. Not a new raising.
14 Sept 2022capital raising announcement▲ GoodMajor
Bass placed a further 32,124,628 shortfall shares to raise A$1.446m, taking total rights issue and shortfall funding to A$4.02m, the full amount originally sought. Funds are for enhancing the Cooper Basin assets, including the October Worrior-11 workover.
21 July 2022capital raising announcement▲ GoodMajor
Peak placed 48,688,889 shortfall shares (A$0.045) raising A$2.191m, taking the rights issue total to A$2.8m. Bass says this fully funds the Cooper Basin deals, which it expects to close by 1 August. Up to 27.3m more shortfall shares remain available.
29 June 2022capital raising announcement▼ BadMajor
The rights issue closed with only a 15% take-up, raising A$599,614 (13,324,765 shares) against up to A$4.0m. Peak has up to three months to place the remaining 75,981,330 shortfall shares. Funding for the Cooper Basin deals is only partly raised.
21 June 2022capital raising announcement● Neutral
Reminder that the rights issue closes at 5pm AEST on 24 June 2022, following the earlier extension. Restates terms (A$0.045, up to A$4.018m) and the timetable. No change.
14 June 2022capital raising announcement● Neutral
The rights issue closing date is extended five business days to 24 June 2022. The offer is for up to 89,305,757 shares at A$0.045 (up to about A$4.0m). Issue of securities is now planned for 29 June.
What it means for a shareholder
89.3m new shares at A$0.045 to raise about A$4.0m. That's 1.6% dilution: every existing holder's slice gets 1.6% smaller. If you held A$1,000 of shares (22,222 at the issue price), your slice goes from 0.000411% to 0.000404% of the company. To keep it you'd need 367 more shares - about A$17 at the issue price.
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3 June 2022capital raising announcement● Neutral
Administrative notice that the rights issue prospectus and personalised entitlement forms have been sent to eligible shareholders. The offer, about A$4.0m at A$0.045, closes 17 June. No new information.
26 May 2022capital raising announcement● NeutralMajor
Bass launches a 1-for-2 non-renounceable rights issue at A$0.045 to raise up to A$4.0m, with a free A$0.12 option per share, to fund the Cooper Energy and Beach deals and later work. Peak leads; directors intend to take up all or much of their entitlements.
26 May 2022capital raising announcement● Neutral
Prospectus for the 1-for-2 rights issue at A$0.045 with a free attaching option (A$0.12, expiry 30 Sep 2024). Closes 17 June 2022. Formal document for the raising announced the same day; no new terms.
12 Oct 2021capital raising announcement▲ GoodMajor
The raise is complete at A$2,537,560 after Peak placed the 312m shortfall shares, resolving the earlier 60% take-up. Funds cover the A$650,000 Cooper purchase, Tangai-5 and working capital. New options now trade as BASO.
4 Oct 2021capital raising announcement● NeutralMajor
Rights issue closed 30 September with only a 60% take-up, raising A$913,211; with the placement, A$1,913,211 is in. The 312m shortfall shares (40%) fall to underwriter Peak to place within 30 days. Non-participating holders are diluted.
7 Sept 2021capital raising announcement● Neutral
Notice that the rights issue prospectus and entitlement forms have been sent to eligible shareholders. The offer, about A$1.54m at A$0.002, closes 5pm Melbourne time on 30 September 2021. Administrative only.
30 Aug 2021capital raising announcement● Neutral
Prospectus for the underwritten 1-for-5 rights issue at A$0.002, raising up to A$1,537,560 with one free option (A$0.004, expiring 30 Sept 2024) per two shares. It closes 30 September 2021. Holders who do not take up their entitlement are diluted. It formalises the announced raise.
26 Aug 2021capital raising announcement● NeutralMajor
Bass raises A$1.0m via a 500m-share placement at A$0.002, plus a fully underwritten 1-for-5 rights issue at A$0.002 for up to about A$1.54m, with free options at A$0.004 to 2024. Funds go to the A$650,000 Cooper Basin purchase, Tangai-5 and working capital.
30 July 2019capital raising announcement▼ BadMajor
The July placement and rights issue raised only $631,945 in total, against about A$3m targeted. Rights issue applications were $481,945 (192.6m shares), with 48.3m shortfall shares; total shares become 2,922,140,096. Remaining shortfall may be placed until 25 October.
12 July 2019capital raising announcement● Neutral
Bass confirmed it has sent the rights issue prospectus and entitlement forms to eligible shareholders. The offer, about A$2.68m at A$0.002, closes 25 July 2019. Administrative notice with no new information.
8 July 2019capital raising announcement● Neutral
Letter telling shareholders with addresses outside Australia and New Zealand they are ineligible for the rights issue. Administrative notice; no new terms or figures beyond the already announced offer.
8 July 2019capital raising announcement● Neutral
Letter to shareholders restating the rights issue terms: 1-for-2 at A$0.002, up to 1,340,583,741 new shares, about A$2.68m before costs, not underwritten. Record date 10 July, closing 25 July. Administrative notice with no new terms.
5 July 2019capital raising announcement● Neutral
Prospectus for the rights issue announced the same day: 1 new share for every 2 held at A$0.002, with a free option at A$0.004 expiring 30 July 2021, to raise up to about A$2.7m. Closes 25 July 2019. Shareholders not taking up are diluted. Text truncated.
5 July 2019capital raising announcement● NeutralMajor
Bass is raising about A$3m at A$0.002 per share: a A$0.15m placement plus a roughly A$2.7m 1-for-2 rights issue, each with a free option at A$0.004. Funds go to Cooper's A$770,000, up to two Bunian wells (first October 2019) and acquisitions.
20 Dec 2017capital raising announcement▲ GoodMajor
Option exercise closed with 366.9m of 386.1m options (95%) exercised at 0.3c, raising A$1,100,850. That is close to the ~A$1.16m full-exercise figure. Free 0.6c options expiring 15 Dec 2018 are to be offered via a prospectus in early January.
