Australia | UK |
Europe | USA |
Canada | Africa |
Russia | China | Asia | South America
Gas Accidents |
Citizen Journalism |
About Us |
Links | Contact Us
Economics > Australian Unlisted & ASX Listed Companies
> BAS.AX Bass Strait Oil Company
Australian Unlisted &
ASX Listed Companies
Global Investors Call For Action on Methane Emissions from Shale Gas And Oil Fracking
Investors Press Oil and Gas Companies to Reduce and Report Risks from Hydraulic Fracturing Operations
Investors Press Continental Resources to End Wasteful Flaring of Natural Gas
Shale Development in Western U.S. Poses Significant Risks to Investors
New Tool for Companies, Investors to Manage Risks of Worldwide Water Supply Pressures
Report Shows More Corporations Disclose Water Risk Following SEC Guidance
New York State Pension Fund and Other Investors Urge Utilities to Ramp Up Renewable Energy and Energy Efficiency
Natural Gas Transition to Renewables
Business as Usual More Risky for Electric Utilities
Major Investors Warn Energy Companies of Business Risks in Flaring Gas at Shale Oil Wells
Major Investors Warn Energy Companies of Business Risks in Flaring Gas at Shale Oil Wells - letter
Big Oil and Gas Companies Failing to Inform Investors of Deepwater Drilling and Climate Change Risks
Western Australia |
South Australia |
Oil Company - ASX code BAS
Bass Strait Oil
Company Limited (BAS) is engaged in exploration for oil and gas in
onshore and offshore areas of south-eastern Australia.
BAS focuses on Windermere three dimensional (3D) surveys in the PEP
167 permit in the onshore Otway Basin.
Permit T/42P and T/43P cover
approximately 6,120 square kilometers of the north coast of Tasmania.
Vic/P42 is located approximately 40 kilometers offshore and contains
water depths from 50 to 80 meters.
It has 50% interest in PEP.
Permits Vic/P41 and Vic/P66 are located adjacent to each other in
the east of the offshore Gippsland Basin.
Vic/P41 contains a number of prospects defined on modern 3D seismic,
notably Kipling, Benchley and Oscar.
Permit Vic/P47 is located in the offshore Gippsland Basin,
approximately 14 kilometers offshore, south of the Victorian town of
The permit contains the Judith and Moby gas discoveries.
Strait Oil Company
Level 1, 99 William Street
MELBOURNE, VIC 3000
Philip Whittle Chief Executive Officer, Managing Director,
Non-Executive Independent Director
Terry White Chief Executive Officer
Robyn M. Hamilton Company Secretary
John Lachlan Charles McInnes Non-Executive Independent
Chairman of the Board
David John Lindh Non-Executive Director
Dr. Steve I. Mackie was Chief
Executive Officer and Exploration Manager at Bass Strait Oil Company
Ltd until August 2012 and received an Honorary Life Membership of
APPEA in 2014. Dr Mackie is adjunct at the Australian School of
Petroleum University of Adelaide as well as Chairman of the
Technical Programme Committee for the 2012 APPEA Conference. He is
past President of PESA.
According to Macroaxis, BAS.AX
has return on total asset (ROA) of 37.96% which means that it has
lost $37.96 on every $100 spent on asset. This is way below average.
Similarly, it shows return on equity (ROE) of 63.74% meaning that it
generated substantial loss on money invested by shareholders.
Search the ASX website for company announcements from BAS
BAS 5 year chart, dated 18 November 2013.
2013 - Bass Strait Oil Company Ltd (ASX:BAS) wishes to update the market
in relation to the Farmin Agreements announced for the potential disposition of
interests in Gippsland Basin permits Vic/P41 and Vic/P68 to Cooper Energy
Limited (ASX:COE). The Farmin Agreements remain subject to a number of
conditions, including Joint Venture approval and Government approval for Vic/P41
and Government approval should the Vic/P68 option be exercised.
Bass Strait Oil is pleased to inform the market that following the lapse of
pre-emption rights held by Oil Basins Limited (ASX:OBL) and Strategic Energy
Limited (ASX:SER) in Vic/P41, a Deed of Assignment and Assumption is currently
being finalised and will be sent to the Joint Venture parties for their approval
shortly. Subject to receiving approval from the Joint Venture parties, the Deed
will then be sent to the Government for approval.
In addition to these conditions, the Farmin Agreements are subject to any
applicable regulatory requirements under the Corporations Act and ASX Listing
Rules for transactions of this nature.
Bass Strait Oil Company will keep the market informed of progress with these
Farmin Agreements when appropriate.