Highlights

  • Bass Oil reported production activities across its Indonesian and Australian operations during 2026.
  • The Bunian 6 development well in Indonesia was a key operational focus during the period.
  • The company continued work towards recommissioning the Vanessa gas field for potential east coast gas supply.
  • Bass Oil also advanced evaluation of gas opportunities including the Kiwi discovery.
  • Future updates will provide further information on production, development activities and funding requirements.

Bass Oil Limited (ASX: BAS) is an Australian oil and gas producer with operations in the Cooper Basin and Indonesia. During 2026, the company focused on production activities, development projects and gas opportunities, including progress at the Bunian 6 well and plans associated with the Vanessa gas field.

Production Activities and Bunian 6 Development

Bass Oil’s 2026 operational programme included development work at the Bunian field in Indonesia. The Bunian 6 well was being progressed as part of the company’s efforts to increase oil production from its Indonesian assets. The company reported that drilling activities were approaching the primary target zone, with further updates required to confirm the final outcome and production impact.

July Production Update

The company reported group production of 221 barrels of oil per day during July 2026, representing total monthly production of 6,838 barrels. Indonesian operations contributed 140 barrels per day net to Bass Oil, while Cooper Basin activities also contributed to reported sales during the period. Production levels remain influenced by operational conditions, Commodity prices and field performance.

Vanessa Gas Field Development Plans

Bass Oil continued work towards developing the Vanessa gas field as part of its strategy to participate in the east coast gas market. Activities during 2026 included engineering studies, infrastructure assessments and preparation work associated with potential recommissioning. The company has targeted first gas sales by the end of 2026, subject to completion of required activities.

Kiwi Gas Discovery and Additional Opportunities

The Kiwi gas discovery in the northern Cooper Basin remains another area of focus. Bass Oil has reported gas and condensate results from testing activities and continues evaluating the commercial potential of the discovery. The company is also assessing additional opportunities across its broader portfolio, including exploration and resource development activities.

Funding and Operational Considerations

Development-stage oil and gas projects require ongoing Capital allocation, and Bass Oil continues to assess funding Options for future activities. Operational risks include drilling outcomes, production variability, weather impacts and changes in commodity market conditions. The timing of development activities may also depend on technical assessments, approvals and available funding.

What to Monitor

Future company updates may provide further details on the outcome of the Bunian 6 well, progress towards Vanessa gas sales and additional information regarding Kiwi development. Production reports and financial disclosures will also provide insight into operational performance and capital requirements.

Key Insights

Bass Oil’s 2026 activities reflect a focus on increasing production from existing Assets while developing additional gas opportunities. The company’s portfolio includes producing operations and projects at different development stages, creating a combination of near-term operational activities and longer-term evaluation work. Future disclosures will help clarify progress across these areas.