Why Is Bass Oil Ltd (ASX:BAS) Share Price Falling Today?

Sonal Goyal

10 November 2026 07:04 PM AEDT

Why Is Bass Oil Ltd (ASX:BAS) Share Price Falling Today?

Image Source: Shutterstock

You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more

Start Your Free Trial Now!

Key highlights

Bass Oil shares were down 7.55% at $0.049 during the 10 November 2026 trading session.
Quarterly oil sales reached A$2.82 million, up 4%, at an average of A$139.41 per barrel.
Group production rose 20.9% to 23,944 barrels in the September quarter.

Bass Oil Ltd (ASX:BAS) fell 7.55% to $0.049 during the 10 November 2026 trading session. The S&P/ASX 200 was higher by 1.34%, or 121.20 points, at 9,150.90 over the same session. Bass is an Australian oil producer with a majority interest in sixteen permits in the Cooper Basin and a 55% interest in an Indonesian joint venture. Its latest update was its Quarterly Report for the September 2026 quarter, released on 23 October 2026.

Production and sales

Quarterly oil sales were A$2.82 million, up 4%, with an average price of A$139.41 per barrel, or US$97.27. Group production rose 20.9% to 23,944 barrels, averaging 260 barrels of oil per day.

The Bunian 6 well in Indonesia came online late in the quarter, with field production currently around 700 barrels per day on a joint venture share basis. The company expects cash payback from the well in January.

Projects under way

The Vanessa recommissioning project is on budget and on schedule for a year-end start, and the company expects Revenue from the first gas sales from Vanessa early in the new year.

A Triassic gas study has identified multiple structures on trend with the Kiwi gas field, which the company links to its future growth plans.

Sector context

Small Australian oil producers are sensitive to oil prices and to the timing of field startups. Investors in the sector follow production growth, sales prices and the Cash Flow generated from new wells. At around five cents, Bass trades in Penny Stock territory, and the broader market was higher during the session.

Risks

Oil prices move with global Supply and demand, and the company's revenue will reflect these changes. The Vanessa and Kiwi projects depend on timely development and approvals.

Production from the Indonesian joint venture can vary, and the cash payback timeline depends on sustained output.

What to watch ahead

Investors will be looking for the Vanessa startup, the first gas sales from Vanessa in the new year, the Kiwi development decision and the December quarter production report.

Final Word

Bass Oil's Trading session fall came after a quarter of higher production and sales. The coming gas startups and well performance will show how the company's growth plans progress.

FAQs

Q: How much oil did Bass Oil sell in the quarter?

A: Quarterly oil sales were A$2.82 million, with an average price of A$139.41 per barrel.

Q: When is cash payback expected from Bunian 6?

A: The company expects cash payback from the Bunian 6 well in January.

Q: When will Vanessa gas sales begin?

A: The company expects the first gas sales from Vanessa early in the new year.

Download Free Report – Explore 3 Stock Ideas & Industry Insights

Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.

All investments involve risk—consider independent advice before making any investment decisions.

View 3 Research Reports

Disclaimer:

This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine.

Any information/advice provided in this article is general in nature and does not take into account your objectives, financial situation or needs. You should therefore consider whether the information is appropriate for your objectives, financial situation and needs before acting upon it.

There may be a Product Disclosure Statement, Information Memorandum or other offer document (“Offer Document”) for the securities or other financial products referred to in Kalkine articles. You should obtain a copy of the Offer Document and consider it before making any decision about whether to acquire the security or financial product.

Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any advice/information in this Article or on the Kalkine website. Not all investments are appropriate for all people.

The information in this Article and on Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its articles (including this Article), newsletters and websites. All information represents our views at the date of publication and may change without notice.

The information in this Article does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products.

Kalkine does not issue, sell or deal in any financial products.

This Article may contain information on past performance of particular investments. Please note past performance is neither an indicator nor a guarantee of future performance.

To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Article, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.

Please also read our Terms & Conditions and Financial Services Guide for further information.

Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Article or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

Some of the images/music that may be used in the Article are copyright to their respective owner(s). Kalkine does not claim ownership of any of the pictures displayed/music used in the Article unless stated otherwise. The images/music that may be used in the Article are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.