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Bass Oil Ltd ( (AU:BAS) ) has provided an update.
Bass Oil has started reprocessing the Dundinna 3D seismic survey and launching new geochemical and rock analyses to better define the Kiwi gas field and surrounding Triassic structures in the northern Cooper Basin. The work is designed to quantify upside recovery potential at Kiwi, de-risk future drilling in the broader Kiwi Complex, and refine understanding of hydrocarbon migration and trapping in the Arrabury Trough.
Initial geochemical data suggest Kiwi hydrocarbons come from a different, likely lower-CO2 source kitchen than much of the Cooper Basin, highlighting the potential for more liquids-rich, high-value gas along trend from the field. By sharpening imaging of structural and stratigraphic traps and building a more robust basin model, Bass aims to unlock additional contingent resources beyond the current 1.1–11.5 BCF range at Kiwi and strengthen its growth platform in this emerging Triassic gas play.
The most recent analyst rating on (AU:BAS) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Bass Oil Ltd stock, see the AU:BAS Stock Forecast page.
More about Bass Oil Ltd
Bass Oil Limited is an ASX-listed oil and gas company focused on exploration and production in Australia’s Cooper Basin. The company holds a dominant land position in the northern Cooper Basin, including 100% of ex-PEL 90K and PEL 110 and a 74% interest in ex-PEL 100, which host several Triassic oil and gas discoveries, including the Kiwi complex.
Average Trading Volume: 2,454,387
Technical Sentiment Signal: Buy
Current Market Cap: A$25.55M
Find detailed analytics on BAS stock on TipRanks’ Stock Analysis page.