Bass Oil (ASX:BAS) presents progress at RIU Good Oil Conference

Bass Oil Ltd (ASX:BAS) presented its latest developments at the RIU Good Oil Conference in September 2024. The company discussed the assessment of the Kiwi gas resource and provided an update on the deep coal gas commercialisation study. Bass Oil highlighted its focus on gas commercialisation and prospective oil opportunities in its portfolio.

Executive Commentary on Gas Commercialisation and Prospective Oil Opportunities

The Kiwi gas resource has shown promising results, with the discovery of a mean resource of 5.24 BCF and an identified upside 3C resource of 11.5 BCF. The Extended Production Test recorded strong flow rates of 4.1 MMCFD along with 988 barrels of condensate per day. We are currently assessing timelines and development options as further results from the EPT are received. Additionally, the deep coal gas commercialisation study is progressing well, with the first phase concluded and favourable geological conditions confirmed. We are using the Mechanical Earth Model to determine preliminary well designs and assess the commercial feasibility of this resource.

Summary of Bass Oil's Developments and Outlook

Bass Oil (ASX:BAS) showcased its progress in gas commercialisation and prospective oil opportunities at the RIU Good Oil Conference. The company's focus on the Kiwi gas resource and the deep coal gas commercialisation study demonstrates its commitment to leveraging its energy assets. With promising results from the Kiwi gas resource and the advancement of the commercialisation study, Bass Oil is positioning itself for potential growth. The assessment of the Warra ridge prospective oil opportunities further underscores the company's exploration and development efforts. Bass Oil's strategic initiatives aim to capitalize on its diverse portfolio in the renowned Cooper Basin and the profitable producer in the prolific oil and gas region of South Sumatra Basin. The company's commitment to prudent assessment and development of its resources and reserves reflects its dedication to sustainable growth and value creation.