BASS OIL LIMITED
ASX:BASEnergyToday’s holders own 88.8% of what they think they own, once every option and right converts.
Share count grew 26% in 24 months; 3 cash raises in 24 months; options/rights overhang 13% of shares
Bass Oil Limited's ordinary share count increased 26.3% between October 2024 and June 2026, its latest share-count filing, to 367M shares. The company raised capital three times in the 24-month window, with total proceeds of A$4.9M, most recently a A$3.0M placement in March 2026. Options on issue could convert into 46M new shares, equal to 12.6% of current shares, none of which are in the money; the nearest expiry is May 2028. For the quarter ended September 2026, the company noted that spending was dominated by property, plant and equipment rather than operating costs, so no funding-runway figure applies. No proposed securities issues are pending.
Quick answers · 4
When did BAS last raise capital?
The last capital raise in Bass Oil's filings is Placement of $3.0M announced 16 Mar 2026, one of 3 cash raises in 24 months.
How much placement capacity does BAS have left?
Under 1% of the 15% placement capacity left, about 99% used in 12 months (estimate). Under ASX Listing Rule 7.1 a company may place up to 15% of its shares in 12 months without shareholder approval.
When do BAS's options expire?
Unexercised options and rights equal 12.6% of Bass Oil's shares on issue; the nearest expiry is May 2028.
How much has BAS's share count grown?
Bass Oil has 367.0M shares on issue as at 28 Oct 2026, up 26.3% over 24 months according to its Appendix 2A filings.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 24 June 2026 | 2A · quoted issue | BAS : ORDINARY FULLY PAID | 367.0M | Appendix 2A |
| 24 Mar 2026 | 2A · quoted issue | BAS : ORDINARY FULLY PAID | 367.0M | Appendix 2A |
| 19 June 2025 | 2A · quoted issue | BAS : ORDINARY FULLY PAID | 319.4M | Appendix 2A |
| 11 Oct 2024 | 2A · quoted issue | BAS Fully Paid Ordinary Shares | 290.5M | Appendix 2A |
| 10 Oct 2024 | 3G · unquoted | BAS Fully Paid Ordinary Shares | 290.5M | Appendix 3G |
Securities on issue over time
Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.
Capital raises
3 cash raises in the last 24 months · 1 in the last 12 months
Forward supply
Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.
Placement capacity
How much stock a company can place without asking holders. Listing Rule 7.1 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 46.2M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| BASO | Options | Price-triggered, no exercise price stated | — | 31 May 2028 | 14.5M | Filing |
| BASOD | Options | Price-triggered, no exercise price stated | — | 23 June 2028 | 31.7M | Filing |
“Nil” is a stated nil exercise price: nothing is paid to convert. An em dash means the filing names no exercise price at all. Security is read from the filing’s own class description; an em dash there means the description is not one this table labels. One row is one security class, at the number stated in the most recent quotation application that restated it — linked, and dated, in the last column. For what expires soon across other listed companies, see the options expiry calendar.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 19 June 2025 | GIUSTINO GUGLIELMO | Other entitlement/SPP | 5.6M | 2.8M | — | — | 3Y notice |
| 19 June 2025 | HECTOR MACKENZIE GORDON | Buy entitlement/SPP | 519k | 260k | — | — | 3Y notice |
| 19 June 2025 | LAURA ANN REED | Buy entitlement/SPP | 136k | 68k | — | — | 3Y notice |
| 19 June 2025 | MARK LLEWELLYN LINDH | Other entitlement/SPP | 582k | 291k | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.