Bass Oil Limited (BAS)

Overview

Bass Oil Limited, together with its subsidiaries, is an energy company focused on the exploration, development, and production of oil and gas reserves, primarily operating within Australia and Indonesia. Initially established in 1965 and originally known as Bass Strait Oil Company Ltd, the company underwent a name change to Bass Oil Limited in March 2017, signifying a new phase in its operational strategy and market positioning. The company's corporate headquarters are located in Melbourne, Australia, highlighting its strong ties to the Australian oil and gas sector and its strategic focus on developing assets within the region. Bass Oil Limited operates across two major segments: Indonesia and Australia, demonstrating its diverse geographical footprint and its ability to leverage opportunities in both markets.

Products and Services

• Exploration, Development, and Production of Oil and Gas

  Bass Oil Limited's core activities revolve around the exploration, development, and production of oil and gas. The company employs advanced technological methods and strategic partnerships to identify and capitalize on oil and gas reserves. Through these activities, Bass Oil Limited aims to ensure the efficient extraction and production of hydrocarbons, thereby contributing to the global energy supply.

• 55% Interest in Tangai-Sukananti KSO Production Assets

  One of the key assets of Bass Oil Limited is its 55% interest in the Tangai-Sukananti KSO (Joint Operation Contract) production assets, located in South Sumatra, Indonesia. These assets represent a significant part of the company's portfolio, providing a steady stream of production and revenue. The Tangai-Sukananti KSO assets are central to Bass Oil's strategy in Indonesia, emphasizing the company's commitment to enhancing its presence and operational capabilities in the region.

• Interests in Properties in the Cooper Basin, South Australia

  In addition to its Indonesian operations, Bass Oil Limited holds interests in various properties within the Cooper Basin, located in South Australia. These interests highlight the company's strategic investments in Australian resources, illustrating its integrated approach to asset development across different geographies. The Cooper Basin properties are an essential element of Bass Oil's portfolio, underpinning its growth strategy in the Australian sector and contributing to its overall production output.