Bass Oil Limited (ASX:BAS) agreed to acquire Cooper Basin portfolio of properties of Beach Energy from Beach Energy Limited (ASX:BPT) for AD 0.65 million on March 2, 2022. AUD 0.65 million will be paid in cash. The purchased assets consist of producing and earnings accretive Worrior and Padulla oil fields, as well as properties that contain multiple appraisal and prospective exploration targets.

Bass Oil Limited (ASX:BAS) completed the acquisition of Cooper Basin portfolio of properties of Beach Energy from Beach Energy Limited (ASX:BPT) on August 1, 2022. The funds raised via the placement and rights issue are for the acquisition of the Cooper Basin portfolio of properties from Beach Energy Limited announced March 3, 2022. The Company received formal confirmation of conditions precedent satisfaction to complete the Cooper Basin Transactions effective August 1, 2022.