Bass Strait Oil Company Ltd
Bass Strait Oil Company Ltd (ASX code: BAS) is a petroleum explorer with an exploration portfolio currently focused on southeast Australia. This offers access to prospects of material scale in world-class basins, a database of modern 3D seismic data, established infrastructure, strong gas markets and the benefits of Australia's stable jurisdiction.
The highly experienced BAS team has assembled a quality exploration portfolio across the Gippsland and Otway Basins which targets both conventional oil and gas and unconventional gas plays. Both of these basins are proven producing provinces and the Company's permit interests provide shareholders with strong leverage to high-impact discovery potential.
The Company is currently rationalising the existing portfolio to be able to focus on those high impact targets providing maximum value for shareholders. In this regard, farmout discussions relating to the offshore Gippsland permits are ongoing.
The Company is also seeking to diversify its portfolio and has identified onshore oil and gas plays in Australia, New Zealand and Indonesia as areas of interest for future investment. The Company intends to pursue opportunities in these regions with the view to building a balanced portfolio of production, appraisal and exploration opportunities with a weighting towards shorter cycle, incremental growth.