Bass Oil Ltd
Bass Oil Limited is an Australia-based diversified oil and gas company.
The business
Bass Oil Limited is an Australia-based diversified oil and gas company. The Company is engaged in oil production and holds an interest in eight permits in the Cooper Basin (Australia), including the 100% owned Worrior and Padulla oil fields and a 55% interest in a South Sumatra Basin (Indonesia) KSO. The Company’s projects include Tangai-Sukananti KSO, Cooper Basin Portfolio, Worrior Oilfield (PPL 207), Padulla Oilfield (PPL 221), Ex PEL 90K, PEL 182, Ex PEL 93, Ex PEL 100, Ex PEL 110 and Vanessa (PPL268 & PRL 135). The Padulla Oilfield has cumulatively produced approximately 0.52 million barrels of oil and is producing over 30 barrels of oil per day. It owns an equity stake in 15 Cooper Basin licenses, in the Cooper Basin covering a cumulative area of approximately 1,900 kilometers (km2). Ex PEL 100 contains the Cleansweep oil discovery. Its Ex PEL 93 is situated approximately 40 kilometers southwest of Moomba.
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Latest news
Bass Oil’s Kiwi-1 well surpasses expectations with high condensate yield and low impurities
Bass Oil (ASX: BAS) has obtained positive early flow test results, with condensate levels far exceeding expectations at its Kiwi-1 well in the Cooper Basin. Under sampling program conditions, the Extended Production Test (EPT) well at Kiwi-1 has flowed at a rate of 1.7 million cubic feet per day with a flowing wellhead pressure of […]
Bass Oil reveals significant gas discovery in Cooper Basin
Oil producer Bass Oil (ASX: BAS) has made a significant gas discovery at its PEL 182 permit in South Australia’s Cooper Basin. The company engaged independent geological experts Fluid Energy Consultants to undertake a deep coal gas prospective resource report, which quantified the gas potential contained within Bass’ 100% owned and operated permit at a “best […]
Bass Oil to acquire onshore assets from Beach Energy and Cooper Energy in $1.3m deal
Petroleum player Bass Oil (ASX: BAS) has confirmed it will spend $1.3 million on the acquisition of a producing and earnings-accretive portfolio of interests in South Australia’s onshore Cooper Basin from Australian listed companies Beach Energy (ASX: BPT) and Cooper Energy (ASX: COE). A sales and purchase agreement signed in March will allow Bass to […]
Oil production from Bass’ Bunian-5 well off to a strong start
Bass Oil (ASX: BAS) has commenced production testing at its Bunian-5 onshore oil well in Indonesia, recording strong flows of more than 1,100 barrels of oil per day. The oil explorer and producer reported oil has been flowing since Saturday from the TRM 3 sandstone, one of the two productive oil reservoirs intersected at Bunian-5, […]
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