Bass Oil Limited (ASX:BAS) to Assess Triassic Gas Potential
Gas Play Evaluation
Bass Oil Limited (ASX:BAS) will conduct a study to quantify the significant potential of the Triassic gas play in the northern Cooper Basin. The evaluation follows successful results from the recent Kiwi gas test and previous exploration successes in the area, where Bass holds a dominant acreage position on the western flank of the Arrabury Trough.
Contingent Resources
The Kiwi gas field has meaningful reserves with a best estimate of 3.6 BCF gas and 416,000 barrels of condensate. The study aims to identify additional drilling targets and assess the potential for future discoveries. If successful, these discoveries could be integrated into existing gas infrastructure.
Executive Comments
Managing Director Tino Guglielmo commented, “The Kiwi gas field has surpassed our expectations, making it a cornerstone asset in our portfolio. The combination of significant gas volumes, substantial liquids content and promising exploration upside across the Triassic Gas Play solidifies Kiwi’s role in our growth strategy. We are committed to maximizing its value to shareholders and becoming a reliable supplier to the east coast gas market.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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