Bass Oil Limited (ASX: BAS) has reported promising results from the Kiwi-1 Extended Production Test (EPT), which concluded recently. The test recorded maximum production rates of 4.1 million cubic feet per day of gas and 988 barrels of condensate per day, with a flowing wellhead pressure of 1585 psi. The flow period was shortened due to limited condensate storage, yet the condensate yield exceeded expectations by over tenfold. Key findings include low impurity levels, with only 5% CO2 and negligible H2S detected in the gas samples. The Condensate to Gas Ratio (CGR) was measured at 235 barrels per million standard cubic feet, significantly higher than pre-test estimates. Following the test, Kiwi-1 has entered a pressure build-up phase expected to last up to 20 days, while samples are being analyzed for a full compositional breakdown. These results reinforce the economic potential of the Kiwi project for Bass Oil.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
