Bass Oil Ltd · ASX:BAS
Bass Oil — Shareholder Meeting (May 2025)
14 slides from Bass Oil's shareholder meeting presentation, May 15, 2025
Slide 1: Bass Oil Limited: An Emerging Australian Gas Producer
AGM Presentation May 2025 BASS OIL LIMITED AN EMERGING AUSTRALIAN GAS PRODUCER ASX:BAS
Slide 2: Disclaimer
DISCLAIMER Important Notice This document is confidential and may not be reproduced, redistributed or passed on, directly or indirectly. This document is neither a prospectus nor an offer to subscribe for Shares. The purpose of this presentation is to provide general information about Bass Oil Ltd (
Slide 3: Company Overview
COMPANY OVERVIEW Positioned for growth on a gas-led expansion and value creation ➢ Bass is an ASX listed energy company with oil production in the Cooper Basin and Indonesia. ➢ Bass is debt-free, with cashflow, and led by an experienced team with proven operational capability. ➢ The Company has buil
Slide 4: Bass Oil Corporate Snapshot
BASS OIL | CORPORATE SNAPSHOT Company is committed to becoming a mid-tier oil and gas producer Snapshot Ownership Summary Share Price 12-Month Chart Directors ASX Code and Staff 0.140 7.00 BAS 9% Shares (Ordinary) 290,475,000 0.120 6.00 Share Price $0.040 Institutional 0.100 5.00 and Market Capitali
Slide 5: Bass Currently Deeply Undervalued
BASS CURRENTLY DEEPLY UNDERVALUED Current valuation of resources exceeds the company's market capitalisation ➢ The market not recognising full value of Bass’ 2P reserves, leading to an undervaluation. ➢ Indicative value of Bass’ current 2P reserve exceeds the market cap by ~150%1 ➢ This value comes
Slide 6: Vanessa Acquisition
VANESSA ACQUISITION Strategic acquisition unlocking near-term gas production and long-term growth potential. ➢ Immediate access to infrastructure, including a production well, processing equipment, and pipeline connection to the Cooper Basin network. ➢ Creates an opportunity to accelerate gas sales
Slide 7: Capital Raising
CAPITAL RAISING Deploying capital to accelerate growth, enhance production, and unlock long-term value ➢ ~A$1.3 million – Recommission Vanessa gas facility and lodge rehabilitation bond to enable first East Coast gas sales. ➢ ~A$1.0 million – Drill Bunian 6 to increase Indonesian oil production from
Slide 8: Deep Coal Gas Resource Play
DEEP COAL GAS RESOURCE PLAY Phase 2 SLB study underway on 100% owned ‘Company making’ PEL-182 ➢ PEL 182 contains “best estimate” of 21 TCF of gas in place, along with an accompanying 845 million barrels of condensate in place1,2 ➢ Recent studies indicate that the Patchawarra trough may be Australia’
Slide 9: Kiwi Gas Discovery | Million Barrel Opportunity
KIWI GAS DISCOVERY | MILLION BARREL OPPORTUNITY Bass’ 100% owned Kiwi gas field – surpasses economic threshold with high condensate yield ➢ Kiwi production test recorded rates of 4.1 million cu-ft/day and 988 barrels of condensate per day (limited by surface equipment) ➢ A high condensate yield has
Slide 10: Outlook
OUTLOOK Building a profitable portfolio of high potential oil and gas assets ➢ Vanessa gas field acquisition positions Bass for first gas sales into the East Coast market earlier that previously planned. ➢ In combination with the Phase 2 deep coal gas commercialisation study in PEL 182, Vanessa prov
Slide 11: Tino Guglielmo – Managing Director
Tino Guglielmo – Managing Director tino.guglielmo@bassoil.com.au +61 3 9927 3000 www.bassoil.com.au
Slide 12: Evaluating Larger Triassic Gas Play
EVALUATING LARGER TRIASSIC GAS PLAY Study to quantify the significant potential in the Company’s Northern Cooper Basin tenements ➢ Bass has identified significant potential in Triassic aged sediments within its majority owned tenements. ➢ Bass will undertake a study to evaluate its extent through fu
Slide 13: Indonesia – Bunian 6 Well
INDONESIA – BUNIAN 6 WELL Bunian 6 development well to unlock increased revenue from operations ➢ Targeted capital deployment to drill the Bunian 6 well in the Tangai-Sukananti oil field, South Sumatra Basin. ➢ Targeted production increase from ~135 bopd to ~435 bopd (Bass share). ➢ Investment antic
Slide 14: Rights Issue Timetable
RIGHTS ISSUE TIMETABLE Event Date Rights Issue announcement date and lodgement of Prospectus with ASIC and ASX 14 May 2025 Existing Shares quoted ex-rights 19 May 2025 Record Date to determine Entitlements under the Rights Issue 7:00pm (AEST) 20 May 2025 Prospectus with Entitlement and Acceptance Fo