Bass Oil Ltd (AU:BAS)
ASX:BAS
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Bass Oil Ltd
(Sydney:BAS)
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Rating:57Neutral
Price Target:
AU$0.06
▲(10.00% Upside)
Action:Reiterated
Date:04/02/26
The score is driven mainly by a conservative, low-debt balance sheet but held back by recent net losses and inconsistent cash-flow quality. Technical indicators are mixed (neutral RSI, slightly positive MACD, but weak near-term trend), while valuation is pressured by negative earnings and no dividend yield data.
Positive Factors
Conservative Balance Sheet
Very low leverage and a materially larger equity base provide durable financial flexibility through commodity cycles. Reduced refinancing risk and a stronger capital base support spending on exploration, sustaining capex or opportunistic M&A without immediate funding pressure.
Negative Factors
Recurring Net Losses
Repeated net losses limit the company's capacity to compound shareholder value and constrain retained-capital for growth. Over the medium term, persistent unprofitability raises funding needs, increases dilution risk, and weakens the case for sustainable capital returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Very low leverage and a materially larger equity base provide durable financial flexibility through commodity cycles. Reduced refinancing risk and a stronger capital base support spending on exploration, sustaining capex or opportunistic M&A without immediate funding pressure.
Read all positive factors
Bass Oil Ltd (BAS) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$19.45M
Dividend YieldN/A
Average Volume (3M)340.13K
Price to Earnings (P/E)―
Beta (1Y)-0.43
Revenue Growth27.55%
EPS Growth-60.00%
CountryAU
Employees8
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding367,005,950
10 Day Avg. Volume193,017
30 Day Avg. Volume340,133
Financial Highlights & Ratios
PEG Ratio-0.26
Price to Book (P/B)0.91
Price to Sales (P/S)1.39
P/FCF Ratio41.97
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bass Oil Ltd Business Overview & Revenue Model
Company Description
Bass Oil Limited, together with its subsidiaries, engages in the exploration, development, and production of oil and gas. It primarily holds a 55% interest in the Tangai-Sukananti KSO production assets located in South Sumatra, Indonesia. The comp...
How the Company Makes Money
null...
Bass Oil Ltd Financial Statement Overview
Summary
Income Statement
48
Neutral
Balance Sheet
79
Positive
Cash Flow
55
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 7.36M | 5.71M | 6.62M | 5.79M | 2.98M |
| Gross Profit | 2.11M | 1.58M | 2.47M | 2.70M | 1.09M |
| EBITDA | 298.29K | -122.93K | 735.75K | 1.52M | -144.93K |
| Net Income | -683.18K | -393.83K | 269.78K | 42.59K | -601.61K |
Balance Sheet | |||||
| Total Assets | 17.59M | 11.37M | 11.38M | 11.35M | 5.02M |
| Cash, Cash Equivalents and Short-Term Investments | 922.50K | 619.63K | 935.91K | 1.48M | 1.49M |
| Total Debt | 159.06K | 83.60K | 156.53K | 91.04K | 19.72K |
| Total Liabilities | 6.36M | 4.38M | 4.57M | 4.80M | 1.92M |
| Stockholders Equity | 11.23M | 6.99M | 6.81M | 6.55M | 3.10M |
Cash Flow | |||||
| Free Cash Flow | 243.26K | -1.06M | 259.60K | -1.74M | -254.80K |
| Operating Cash Flow | 740.59K | 508.77K | 954.80K | 231.89K | -170.06K |
| Investing Cash Flow | -1.56M | -1.69M | -1.47M | -3.54M | -81.84K |
| Financing Cash Flow | 820.17K | 876.47K | -63.73K | 3.34M | 1.60M |
Bass Oil Ltd Technical Analysis
Negative
0.05
Price Trends
0.06
Negative
0.06
Negative
0.05
Positive
Market Momentum
>-0.01
Positive
42.76
Neutral
-50.00
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BAS, the sentiment is Negative. The current price of 0.05 is below the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.06, and above the 200-day MA of 0.05, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 42.76 is Neutral, neither overbought nor oversold. The STOCH value of -50.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:BAS.
Bass Oil Ltd Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
57 Neutral | AU$19.45M | -19.18 | -6.54% | ― | 27.55% | -60.00% | |
46 Neutral | AU$23.59M | -0.60 | -75.72% | ― | -25.04% | -192.86% | |
45 Neutral | AU$6.02M | -0.12 | -333.90% | ― | -7.22% | -85.87% | |
44 Neutral | AU$3.60M | -0.40 | -169.12% | ― | -3.22% | -43.96% | |
43 Neutral | AU$7.58M | -1.84 | -141.31% | ― | ― | -110.94% | |
41 Neutral | AU$8.06M | -3.20 | -5.53% | ― | -100.00% | 55.30% |
* Energy Sector Average
AU:BAS
Bass Oil Ltd
0.05
0.02
76.67%
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Bass Oil Ltd Corporate Events
Bass Oil launches new Investor Centre to deepen investor engagement
Jun 2, 2026
Bass Oil Limited has launched a new online Investor Centre designed as a central hub for information on the company, including real-time access to ASX announcements, reports, presentations and videos. The platform targets both existing and prospec...
Bass Oil Sets Target Market for High-Risk Placement Options
May 29, 2026
Bass Oil Limited has issued a target market determination for options attached to a placement, outlining the characteristics of investors it deems suitable for these securities. The options, offered free to placement participants and to the lead m...
Bass Oil Launches Free Options Offer Tied to March Placement
May 29, 2026
Bass Oil Limited has lodged a prospectus with the corporate regulator detailing an offer of up to 24 million free options to participants in its March 2026 share placement, on the basis of one option for every two shares issued, exercisable at A$0...
Bass Oil weathers Cooper Basin delays as gas growth push accelerates
Apr 28, 2026
Bass Oil reported March quarter net production of 19,519 barrels, down 13.1% on the prior quarter, as heavy rains in the Cooper Basin delayed trucking and sales, though Indonesian operations remained unaffected and realised oil prices rose to abou...
Bass Oil Resumes Cooper Basin Sales After Weather Disruption and Lifts Realised Prices
Apr 20, 2026
Bass Oil reported group average production of 194 barrels of oil per day in March, with total monthly output of 6,025 barrels and sales revenue of A$389,313, as Indonesian operations remained steady and unaffected. Heavy inland rain in the Cooper ...
Bass Oil calls 2026 AGM as Cooper Basin growth plans advance
Apr 14, 2026
Bass Oil has invited shareholders to its 2026 Annual General Meeting in Adelaide on 14 May, where it will present the 2025 financial accounts, seek adoption of the remuneration report and consider the re-election of director Laura Ann Reed. The co...
Bass Oil Director Mark Lindh Steps Down but Retains Significant Shareholding
Apr 1, 2026
Bass Oil Ltd has announced the cessation of Mark Llewellyn Lindh as a director effective 31 March 2026, formally notifying the ASX via a final director’s interest notice. The filing details Lindh’s substantial holdings across several e...
Bass Oil Director Mark Lindh Resigns After 12 Years on Board
Mar 31, 2026
Bass Oil Limited has announced the resignation of Non-Executive Director Mark Lindh, effective immediately, as he steps down to concentrate on his other business interests. The board thanked Lindh for his 12 years of service, highlighting his cont...
Bass Oil lodges updated corporate governance statement and Appendix 4G
Mar 26, 2026
Bass Oil Limited has lodged its latest corporate governance statement for the year ended 31 December 2025, confirming that the document is current as of 26 March 2026 and has been approved by the board. The statement, available on the company̵...
Bass Oil Releases 2025 Annual Report Detailing Governance and Financial Framework
Mar 26, 2026
Bass Oil Ltd has released its annual report for the financial year ended 31 December 2025, detailing its governance structure, board and management roles, and the key corporate service providers that support its listed operations. The report also ...
Bass Oil Holds Reserves Steady as It Targets Cooper Basin and Kiwi Gas Upside
Mar 26, 2026
Bass Oil has reported its oil reserves and contingent resources as at 31 December 2025, showing 2P (proved plus probable) reserves of 0.796 million barrels, largely unchanged from the previous year, split between 0.368 million barrels in Australia...
Bass Oil outlines position as emerging Australian gas producer in new investor briefing
Mar 24, 2026
Bass Oil Ltd has released an investor presentation dated 10 September 2025, outlining general information on its operations as an emerging Australian gas producer and its petroleum reserves and contingent resources. The document emphasises that it...
Bass Oil fast-tracks Kiwi gas field study to unlock Triassic upside in Cooper Basin
Mar 23, 2026
Bass Oil has started reprocessing the Dundinna 3D seismic survey and launching new geochemical and rock analyses to better define the Kiwi gas field and surrounding Triassic structures in the northern Cooper Basin. The work is designed to quantify...
Bass Oil issues 47.6 million new shares under placement, affirms disclosure compliance
Mar 23, 2026
Bass Oil Limited has completed a placement of 47,619,048 new ordinary shares, with the securities ranking equally with existing shares on issue. The capital raising underscores the company’s continued use of equity markets to fund its operat...
Bass Oil Seeks ASX Quotation for 47.6 Million New Shares
Mar 23, 2026
Bass Oil Limited has applied for quotation of 47,619,048 new ordinary fully paid shares on the Australian Securities Exchange, with an issue date of March 24, 2026. The additional securities, issued under a previously announced transaction, expand...
Bass Oil Seeks Trading Halt Ahead of Capital Raising Announcement
Mar 11, 2026
Bass Oil Limited has requested an immediate trading halt in its ordinary shares and BASO options on the ASX, effective 12 March 2026. The halt will remain in place until either the company releases an announcement on a capital raising or normal tr...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.