Bass Oil Limited: An Australian-listed Oil Producer

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I would like to introduce some unfamiliar companies that may be of some help to your investments.

The company I'm going to introduce is $Bass Strait Oil Co Ltd(BAS.AU)$.

It went public on 30 September 2004.

[Company Profile]

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 company was formerly known as Bass Strait Oil Company Ltd and changed its name to Bass Oil Limited in March 2017.

Bass Oil Limited was incorporated in 1965 and is based in Melbourne, Australia.

[History & Events]

1965: Bass Oil Limited was incorporated and was based in Melbourne, Australia.

2004: Bass Oil Limited (BAS) floated on the Australian Securities Exchange (ASX) on Thursday, 30 September.

2016: Bass Strait Oil Company Limited sold its remaining Indonesian asset, a 55% interest in the Tangai-Sukananti KSO, South Sumatra Basin, Indonesia, to Cooper Energy.

2018: Bass Oil Ltd elected to withdraw from the acquisition of a 100% participating interest in the North Madura production sharing contract (PSC) in Java from AziPac Limited.

2019: Bass Oil was set to commence drilling soon at the Bunian-5 well, located within the Tangai-Sukananti project–an onshore oil rig in the South Sumatra Basin.

2021: Bass Oil provided onshore Indonesian oil operations for Feb.

2022: The company announced drilling of the Tangai-5 oil well within its joint ventured producing Tangai-Sukananti KSO project onshore Sumatra in Indonesia.

2022: Bass Oil Limited acquired Cooper Basin portfolio of properties of Beach Energy from Beach Energy Limited (ASX:BPT) for AD 0.65 million.

[Business Section]

Source: TigerTrade

[Net Income &Total Revenue]

Source: TigerTrade

[Competitors]

$REX INTERNATIONAL HOLDING LTD(5WH.SI)$

$CAPITAL METALS PLC(CMET.UK)$

Caltex

Imperial Energy

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