Ann: Quarterly Activities Report and Appendix 5B - June 2025, page-6

Always a buy gib but that’s up to others……

Opportunity Meets DisciplineBass Oil isn’t just another junior energy company—it’s a debt-free, cash-rich operator delivering consistent output while quietly building serious long-term value. Investors looking to tap into real returns from underpriced assets should take note:• Zero Debt, Rising Cash: With $1.96M in cash and no liabilities, Bass has the financial flexibility that larger players envy. Its cash reserves jumped 79% quarter-on-quarter, reflecting solid fiscal management and operational discipline.• Strategic Asset Expansion: The recent acquisition of the Vanessa gas field at nil cash cost isn’t just a win—it’s transformational. This move unlocks future gas sales with minimal upfront risk, setting the stage for long-term commercialisation.• Production Reliability: Oil production continues steadily at ~234 barrels per day. Bass’s infrastructure in the Cooper and Sumatra basins offers both geographic diversification and proven output.• Low-Cost Leverage on Big Plays: Projects like Kiwi and deep coal seam targets represent high-potential upside. These aren’t speculative fliers—they’re backed by strong geological data and a track record of prudent development.• Clear Vision for Growth: Bass isn’t trying to be everything—it’s laser-focused on becoming a lean, mid-tier oil and gas producer. That clarity means less fluff, more action, and stronger returns.