Latest Gas Field Acquisition 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.

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 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.

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.

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.

Bass Oil reported steady February production with some operational setbacks in the Cooper Basin, while gaining regulatory approval for the Vanessa gas field acquisition and securing government funding for Kiwi gas development.

Bass Oil Limited has raised $3 million through a well-supported share placement to fund key projects including the Vanessa gas field acquisition and Indonesian oil drilling, positioning itself for a 2026 entry into the East Coast Gas Market.

Bass Oil reported steady January production with a notable regulatory green light for its Vanessa gas field acquisition and a $3.5 million grant to accelerate the Kiwi gas field development.

Bass Oil Limited reported a 32% jump in October sales revenue alongside a 4% rise in daily production, while advancing its strategic Vanessa gas field acquisition targeting first gas sales in the second half of 2026.

Bass Oil reported steady quarterly oil production with a 20% increase in Indonesian output following a production enhancement program. The company is poised to enter the East Coast Gas Market pending regulatory approval for the Vanessa gas field acquisition.

Bass Oil Limited reported a 3% rise in September oil production, driven by a 20% uplift in Indonesian output, while awaiting regulatory approval for a strategic gas field acquisition.