Bass Oil’s August Sales Jump 20% as Production Hits 228 Bopd

August Production and Revenue Growth

Bass Oil Limited has reported a solid operational performance for August 2025, with total sales revenue rising 20% month-on-month to A$615,721 (approximately US$402,559). The company’s daily oil production averaged 228 barrels of oil per day (bopd), marking a 3.5% increase compared to July. Total monthly production reached 7,062 barrels, reflecting steady growth across its asset portfolio.

The Cooper Basin, home to Bass Oil’s 100% owned Worrior and Padulla oil fields, contributed 3,050 barrels in August, a 12% increase from the previous month. These fields achieved impressive uptime rates of 99% and 100%, respectively, underscoring operational reliability. Oil sales from the Cooper Basin totaled 2,635 barrels at an average price of A$104.45 per barrel, highlighting the premium pricing environment.

Indonesian Operations and Production Enhancement

In Indonesia, Bass Oil’s Tangai-Sukananti oil fields delivered 4,012 barrels net to the company, with sales slightly exceeding production at 4,028 barrels. The average oil price realized was US$64.27 per barrel. Notably, the company has initiated a production enhancement program targeting the Bunian and Tangai fields. Early workover activities have commenced, including sand cleanout and additional perforations at Bunian 5, with further interventions planned to unlock additional oil zones and repair pumps. The outcomes of these efforts will be closely watched as they could materially boost Indonesian output.

Strategic Gas Field Acquisition and Development Plans

Bass Oil is advancing its strategic acquisition of the Vanessa gas field, which includes a gas processing facility and a pipeline connecting to the Cooper Basin gas network. Regulatory approval is progressing, and the company has begun detailed planning for recommissioning the field’s infrastructure. This acquisition is pivotal as it opens the door for Bass Oil’s first gas sales into the east coast market and offers potential reserve growth through fracture stimulation of untapped formations.

Complementing this, Bass is collaborating with SLB on a phase 2 study to commercialize deep coal gas resources within its PEL 182 permit. This research aligns with broader Cooper Basin initiatives led by Santos, which plans to drill wells employing advanced horizontal drilling and multi-stage fracking techniques. Success here could significantly enhance Bass Oil’s gas production prospects.

Funding and Future Development

On the Kiwi gas field front, Bass Oil is exploring funding options, including potential farm-down arrangements, to progress development. The company has initiated seismic data reprocessing to identify follow-up opportunities, signaling a methodical approach to unlocking value. Meanwhile, drilling plans for the Bunian 6 development well remain pending due to rig availability constraints, with tenders underway to secure drilling services.

Corporate and Financial Initiatives

Bass Oil is preparing a Research & Development claim related to FY24 activities focused on commercializing gas from deep coal formations. If successful, this could yield a substantial cash rebate of 43.5% on qualifying expenditures, providing a financial boost to ongoing exploration and development efforts.

Overall, Bass Oil’s August update reflects a company steadily advancing its production base while strategically positioning itself for growth in both oil and gas markets. The combination of operational improvements, asset acquisitions, and innovative resource commercialization studies paints a cautiously optimistic outlook for the months ahead.