Bass to Acquire Vanessa Gas Field and Launches Capital Raise

Hear Managing Director Tino Guglielmo provide a short update on our acquisition of the Vanessa Gas Field, positioning the company as a gas producer in Australia’s evolving energy market.

The acquisition includes existing production facilities and potential for growth in conventional and tight gas zones. We have launched a capital raise to fund the acquisition and other growth initiatives, offering a 1-for-3 non-renounceable entitlement offer. This strategic move aligns with our goal to become a mid-sized oil and gas producer, showcasing the growth potential in our Cooper Basin portfolio. The Vanessa gas field acquisition also provides the opportunity to explore the commercial potential of deep coals within our permit without drilling new wells initially. Additionally, we are working on enhancing our Indonesian operations and assessing opportunities for field development and gas potential in the northern Cooper Basin.