Latest Cooper Basin News

Bass Oil has secured full ownership of the Vanessa gas field in the Cooper Basin, aiming to resume gas sales by year-end after recommissioning the facility and pipeline.

Vintage Energy has locked in $5 million in South Australian government grants to co-fund drilling two new gas wells, aiming to boost output from the Southern Flank projects in the Cooper Basin.

Bass Oil lifted May production by 5% with a 219 barrels per day average, while drilling commenced on the Bunian 6 well, expected to double group output.

Bass Oil Limited offers up to 24 million free attaching options to recent placement participants, alongside nearly 8 million options to its lead manager PAC Partners, with no new funds raised from the options issue.

Bass Oil has landed a $3.5 million grant from the South Australian Government to fund a production pipeline for its 100% owned Kiwi gas project, aiming to connect it to Cooper Basin infrastructure and boost domestic gas supply by 2028.

Bass Oil’s April sales revenue jumped 245% driven by Cooper Basin stock sales and high oil prices, with production rising 4%. The imminent Bunian 6 well spud promises to double Indonesian output by June, while the Vanessa gas acquisition edges closer to regulatory approval.

Amplitude Energy has received the VIC/L37 production licence for its Annie gas field, setting the stage for first gas in 2028 to supply Australia's east coast market.

Bass Oil’s March quarter saw a 13% production dip due to Cooper Basin rains but secured key gas field acquisitions, a $3.5 million grant, and completed a $3 million capital raise.

Beach Energy’s Q3 FY26 output rose 7% quarter-on-quarter, led by a 174% surge in Perth Basin production following Waitsia Gas Plant compressor commissioning. The company also secured new Queensland acreage and greenlit the Moomba Central Optimisation project, though weather disruptions trimmed Cooper Basin output and prompted a production guidance cut.

Central Petroleum lifted March quarter sales revenue to $11.3 million, driven by higher gas volumes and prices, while securing a significant multi-year gas supply deal with the Northern Territory Government that supports a 40% production capacity increase at Palm Valley.

Santos delivered a steady first quarter with production up 3% year-on-year, driven by Barossa's initial cargoes and Pikka phase 1 nearing first oil. Free cash flow held firm at $383 million, while a key Moomba optimisation project received final investment approval.

Bass Oil’s March production faced Cooper Basin setbacks from heavy rains and storage limits, but trucking resumed in April with strong prices. Indonesian output remained steady with a sharp 47% price rise. The company is progressing its Vanessa gas field acquisition and Kiwi development with government backing.