Bass Oil Ltd

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Market Cap:
$5.01 m
0.00 AUD
52 weeks high
52 weeks low

Bass Oil Ltd (ASX:BAS) is an ASX-listed exploration and production company featuring low cost onshore oil production in Indonesia and a management and Board team with a proven track record in delivering shareholder value. Bass has realigned its corporate strategy following the landmark acquisition of a 55% interest in the Tangai-Sukananti KSO producing assets located in the prolific oil & gas region of South Sumatra, Indonesia.

Tangai-Sukananti KSO


BAS 55% and Operator

The Company's acquisition of the Tangai-Sukananti KSO transforms Bass Oil into a profitable oil producer in a prolific oil and gas region. Current production capacity stands at over 600 bopd (100% JV share).

Bass Oil's Gross (55% share) 2P Reserves at 30 June 2017 are assessed to be 1.35 million barrels of oil. In accordance with ASX reporting requirements for fiscal environments that use production share contracts or similar, Bass reports Net 2P Oil Reserves of 0.70 million barrels. Production is expected to continue until mid 2025.

The KSO additionally provides a platform for future growth through low cost development opportunities and value-adding bolt-on acquisition.


Last updated 1st August 2019

Peter F Mullins
FFin – Chairman and non-executive independent Director

Mr Mullins has over 40 years banking experience in Australia and New York, USA, specialising in Institutional and Corporate Finance across the Agriculture, Defence, Energy, Infrastructure, Mining, Oil & Gas, Property and Wine industries.  He is experienced in Mergers and Acquisitions, Privatisations, Structured Finance, IPO's and Capital Raisings.

Mr Mullins retired as Head of Institutional Banking SA&NT with the Commonwealth Bank of Australia in 2009 to take up a part time role as Senior Advisor, Institutional, Corporate and Business Banking for Commonwealth Bank in SA&NT. He retired from this role in 2013.

Mr Mullins was a Director of Somerton Energy Ltd, a listed oil and gas exploration company, from April 2010 until it merged with Cooper Energy Ltd in July 2012.

He is a Fellow of the Financial Services Institute of Australasia and graduated from the Advanced Management Program at the University of Melbourne – Mt Eliza, in 1987.

Hector M Gordon
BSci (Hons) – Non-executive independent Director

Mr Gordon is a geologist with over 40 years of experience in the upstream petroleum industry, primarily in Australia and southeast Asia. Until June 2017 Mr Gordon was employed by Cooper Energy as Executive Director - Exploration & Production.

Mr Gordon's previous employers also include Beach Energy, Santos Limited, AGL Petroleum, TMOC Resources, Esso Australia and Delhi Petroleum Pty Ltd. He is currently a Non-executive Director of Cooper Energy, which is a substantial shareholder of Bass Oil Company Limited.

Giustino (Tino) Guglielmo

Mr Guglielmo is the Managing Director of Bass oil Limited.  He is a well credentialed Petroleum Engineer with over 36 years of technical, managerial and senior executive experience in Australia and internationally.

Mr Guglielmo was the CEO and Managing Director of two successful ASX listed companies; Stuart Petroleum Ltd for seven years and Ambassador Oil & Gas Ltd for three years.  Both companies merged with larger ASX listed companies generating significant value for shareholders following the identification of compelling resource potential in their respective petroleum resource portfolios.

Mr Guglielmo also worked at Santos Ltd, Delhi Petroleum Ltd, and internationally with NYSE listed Schlumberger Corp.  His experience spans the Cooper basin, Gippsland basin in Australia and Indonesia and Malaysia in South East Asia.  He has also had exposure to US land and other international basins.

Mr Guglielmo is currently also a Director of ASX listed Octanex Limited and a member of the Resources and Infrastructure Task Force and the Minerals and Energy Advisory Council, both South Australian Government advisory bodies.

He is a Fellow of the Institution of Engineers, Australia, a member of the Society of Petroleum Engineers and Australian Institute of Company Directors.

Mark L Lindh
Non-executive non-independent Director

Mr Mark Lindh is a corporate advisor with in excess of 15 years experience in advising mining and resources companies with a particular focus on the energy sector.

He is a founding director of Adelaide Equity Partners Limited, an investment and advisory company.

Robyn Hamilton
BCA, CA – Company Secretary

Ms Hamilton is a Chartered Accountant with over 20 years of commercial and Big 4 experience gained in both Australia and New Zealand, with experience in due diligence, internal controls, corporate governance, international financial reporting and statutory compliance.

She has an extensive background in junior oil and gas and mining listed companies including Chatham Rock Phosphate Ltd, Aorere Resources Ltd and previously Asian Mineral Resources Ltd.

Ms Hamilton holds a Bachelor's degree in accountancy from Victoria University of Wellington and is a member of Chartered Accountants Australia and New Zealand and the Governance Institute of Australia.

Simon Brealey
PhD Geology - Staff Geologist - New Ventures

Dr Simon Brealey is a petroleum geologist whose career has spanned responsibilities across Egypt, Romania, Indonesia, the North Sea, and Australia's North West Shelf and Cooper and Otway Basins. A PhD geological sciences graduate from University College London, Dr Brealey's 27 years of experience includes positions with Amoco, and helping to build an international exploration and development portfolio across four countries in Africa and mainland Europe for Beach Energy. As Egypt Project Leader for international new ventures at Santos, he defined assets which were to represent their first venture into the North Africa/Middle East region. Most recently he was staff geologist at Cooper Energy responsible for Indonesia, including being lead geologist on the drilling of the two development wells on Bass' Bunian oil field.

Andri Luthfi
General Manager Indonesia

Part of Indonesia's new highly educated (geology, petroleum engineering, PhD) energy leaders with more than 10 years' experience across the country's major basins. Most recently General Manager at Bass Oil - CESL Tangai Sukananti KSO.


Last updated 1st August

Level 5, 11-19 Bank Place
Melbourne VIC 3000

Telephone:(61) (3) 9927 3000
Fax:(61) (3) 9614 6533
Email: [email protected]

Registered Office and Principal Administration Office

Level 5, 11-19 Bank Place
Melbourne VIC 3000

Telephone: +61 (3) 9927 3000
Facsimile: +61 (3) 9614 6533
Email: [email protected]
Web Site: www.bassoil.com.au

ABN: 13 008 694 817


Peter F Mullins (Chairman)
Giustino (Tino) Guglielmo (Managing Director)
Hector M Gordon
Mark L Lindh

Company Secretary

Robyn Hamilton

Share Registry

Link Market Services Limited
Tower 4, 727 Collins Street
Melbourne VIC 3008

Telephone: +61 (3) 9615 9800
Facsimile: +61 (3) 9615 9900


Deloitte Touche Tohmatsu
11 Waymouth Street
Adelaide SA 5000

Stock Exchange Listing

Australian Stock Exchange Ltd
525 Collins Street
Melbourne VIC 3000

ASX Codes: BAS – Ordinary Shares


Last updated 1st August 2019