Bass Oil Limited (ASX:BAS) Geomechanical Study Update

Bass Oil Limited (ASX:BAS) has concluded phase 1 of the PEL182 Geomechanical Study, revealing favorable geological conditions. The study, conducted by SLB, supports the company's confidence to advance to the next stage of the commercialization study.

Managing Director's Perspective on Geomechanical Study

We are pleased to announce the completion of the PEL182 geomechanical study. The results are positive and the study has provided a tremendous body of information that will prove invaluable to the ongoing commercialization efforts of this significant resource. Deep coal gas seams are an underutilized and vast resource in Australia and Bass is uniquely positioned to capitalize on this opportunity. We keenly advance to the next phase of the study with the assistance of global technology leader, SLB incorporating the findings of the phase 1 study.

PEL182 Geomechanical Study Results and Economic Opportunity

Bass Oil Limited (ASX:BAS) has completed phase 1 of the PEL182 Geomechanical Study, demonstrating favorable geological conditions for commercialization. The study, conducted by SLB, has provided valuable insights for the ongoing efforts to exploit the significant resource of deep coal gas seams in Australia. With a 'best estimate' of 21 TCF of gas in place and 845 million barrels of condensate, the company is strategically positioned to leverage this opportunity. The successful completion of this study marks a crucial milestone in Bass Oil's pursuit of unlocking the economic potential of PEL182.