Bass Oil (ASX:BAS) Gains Market Attention as Oil Production and Development Activities Continue

Aditi Sarkar

20 August 2026 12:13 PM AEST

Bass Oil (ASX:BAS) Gains Market Attention as Oil Production and Development Activities Continue

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Highlights:

Bass Oil (ASX:BAS) shares were trading at AUD 0.054, up 5.88% on 20 August 2026, while remaining up 80.00% over the past year.
Group oil production averaged 221 barrels of oil per day (bopd) in July, with monthly production of 6,838 barrels, up 3%.
July sales Revenue totalled A$405,527 net to Bass, with Cooper Basin sales delayed due to rainfall while production continued.
Indonesian operations delivered 4,326 barrels of oil net to Bass, with 4,309 barrels sold at an average oil price of US$74.40 per barrel.
Bunian 6 drilling progressed towards the primary target, with completion expected by the end of August.

Bass Oil Limited (ASX:BAS) has released its July operations update, reporting group production of 6,838 barrels, sales revenue of A$405,527, and continued progress across its Cooper Basin, Indonesian, and gas development activities.

Bass Oil shares were trading at AUD 0.054, up 5.88% during the morning Trading session on 20 August 2026, while remaining up 80.00% over the past year. The company’s latest update covered monthly production performance, oil sales, development activities at the Bunian 6 well, and progress across the Vanessa gas field and Kiwi exploration areas.

Bass Oil is an Australian-listed oil producer with interests across fourteen permits in the Cooper Basin, including the 100% owned Worrior and Padulla oil fields, as well as a 55% interest in an Indonesian KSO.

July Production Reaches 6,838 Barrels

Bass Oil reported average group daily oil production of 221 barrels of oil per day (bopd) during July, with total monthly production of 6,838 barrels, representing a 3% increase.

Total sales revenue for July was A$405,527 net to Bass. The company said Cooper Basin oil sales were delayed due to inland rainfall events, although production was not affected. Indonesian oil production and sales continued without disruption.

Cooper Basin trucking restarted in early August, with 1,548 barrels sold during the first week at an oil price of A$125.04 per barrel, generating A$193,569 receivable before month end.

Cooper Basin Production Continues Despite Weather Delays

Production from Bass Oil’s Cooper Basin oilfields totalled 2,512 barrels in July, averaging 81 bopd.

The company said multiple rainfall events during the month resulted in road closures that suspended oil transportation activities. Production continued into onsite storage tanks during the period.

The Worrior and Padulla facilities recorded operational uptimes of 99% and 96%, respectively.

With trucking activities resuming in August, Bass Oil said oil stocks accumulated during the weather-related delays are being reduced back towards normal levels.

Indonesian Operations Deliver Stable Production

Bass Oil’s Tangai-Sukananti oil fields in Indonesia recorded average production of 140 bopd during July, consistent with June levels.

The company’s share of Indonesian field production totalled 4,326 barrels during the month, with 4,309 barrels sold. The average oil price achieved for July was US$74.40 per barrel.

The Indonesian operations continue to contribute to Bass Oil’s production profile through its 55% interest in the Indonesian KSO.

Bunian 6 Drilling Progresses Towards Target

Bass Oil continued drilling activities at the Bunian 6 oil development well during July.

The drilling program progressed through the final hole section towards the primary target, with completion expected by the end of August. The company expects the well to come online shortly after completion and has stated that Bunian 6 is expected to double group production.

The development forms part of Bass Oil’s Indonesian growth activities.

Vanessa Gas Field Development Moves Forward

Bass Oil continued engineering work to recommission the Vanessa gas field Facility and return the asset to production.

The company, supported by GPA Engineering, is progressing an engineering study to finalise the scope of the recommissioning project. Road access for four-wheel-drive vehicles to the Vanessa site has been re-established, with field activities scheduled to begin in September through a pipeline integrity survey.

The Vanessa Acquisition includes a gas processing facility and a five-kilometre pipeline connection to the Cooper Basin gas pipeline network.

Bass Oil said recommissioning the facility could enable first gas sales into the east coast gas market, which is estimated by year end.

Exploration and Gas Studies Continue

Bass Oil is continuing work across its Kiwi exploration trend and gas appraisal activities.

The company completed reprocessing of the Dundinna 3D seismic survey, with the updated dataset improving imaging of targeted hydrocarbon reservoirs. Mapping work using the reprocessed data is underway, with early results identifying an enhanced Kiwi North prospect adjacent to the Kiwi gas discovery.

The company is also conducting geochemical analysis of Kiwi condensate and rock samples to support future exploration assessment.

In addition, the Santos-led Cooper Basin joint venture continues work on commercialising the PEL 182 deep coal resource. Santos is planning two wells over a 12-month period to test high-angle/horizontal well technology and multistage fracturing approaches.

Investor Takeaway

Bass Oil’s July operations update highlighted production growth, continued Indonesian output, and progress across multiple development initiatives. The company recorded 6,838 barrels of monthly production and continued advancing projects including Bunian 6, Vanessa gas field recommissioning, and Kiwi exploration activities.

Investors may continue to monitor production outcomes from Bunian 6, progress towards Vanessa gas sales, Cooper Basin operations, and future development activities across Bass Oil’s portfolio.

FAQs

Q: How much oil did Bass Oil produce in July 2026?

A: Bass Oil recorded total monthly production of 6,838 barrels, with average group production of 221 bopd.

Q: What revenue did Bass Oil generate in July?

A: Bass Oil reported total July sales revenue of A$405,527 net to the company.

Q: How did Bass Oil’s Indonesian operations perform in July?

A: Indonesian operations produced 4,326 barrels net to Bass, with 4,309 barrels sold at an average oil price of US$74.40 per barrel.

Q: What is the status of the Bunian 6 well?

A: Drilling at Bunian 6 progressed towards the primary target, with completion expected by the end of August and production expected shortly afterwards.

Q: What is happening at the Vanessa gas field?

A: Bass Oil is progressing engineering work to recommission the Vanessa facility and return the field to production, with field activities scheduled to begin in September.

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