Ex PEL 90K (Bass 100% PRL 245-246)

PRL 245 contained in Ex PEL 90K hosts the Kiwi Gas Discovery, providing Bass with a possible entry into the east coast gas market. 

Kiwi 1 was drilled in 2003 as an exploration well, resulting in a Triassic age, Callamurra Member gas discovery which flow tested at 9.6 million cubic feet per day on drill stem test. The Kiwi structure, which was drilled on 2D seismic data, was originally thought to contain a sub commercial quantity of gas in a relatively small structural trap.

A 3D seismic survey was subsequently acquired over the area.  A mapping project utilising 3D seismic data has indicated the possible presence of a larger stratigraphic trap and has resulted in an increased assessment of a mean Contingent Resource at Kiwi of 5.24 BCF and a 3C Contingent Resource of 11.5 BCF.  

Bass is planning to complete the Kiwi 1 well and perform an Extended Production Test in the first half of 2024 to confirm that the discovery contains a potentially commercial volume of gas.  This in turn would provide the pathway for the Company to enter the eastern states' gas market. The geoscience team also identified the potential for other traps, or prospects, on trend with Kiwi that, as a result of a successful test at Kiwi, may be significantly upgraded.