Bass Oil Limited provide an update on the Cooper Basin acquisition, with funding now secured to complete the Transaction. Bass will acquire four tenements in the Cooper Basin from Cooper Energy Limited1 (Cooper) for consideration of AUD 650,000. The Company expects formal Transaction completion mid-October following achievement of the final conditions outstanding. The acquired tenements surround the Santos operated, Moomba processing facility in South Australia. They are situated on the western margins of the Cooper Basin and cover a cumulative area of approximately 1,300 km2. The assets are located amongst an array of highly lucrative producing oil and gas fields that are operated by Beach Energy Limited (Beach) and Santos Limited (Santos). The portfolio includes one producing license (covering the Worrior oil field) and a number of retention licences with significant exploration potential, such as the drill ready Athelstan and Tyrell prospects. The Athelstan prospect within Ex PEL 100 is on-trend with, and West of the Santos operated Keleary Oil Field, while the Tyrell opportunity within Ex PEL 93 is adjacent to the Worrior oil field. The portfolio provides Bass with an initial foothold into the highly prospective Cooper Basin oil province while expanding its production profile.