Bass Oil Output Edges Up as Bunian 6 Drilling Targets August Start

Bass completed the acquisition of the 100%-owned Vanessa gas field and associated facility in mid-June. The deal added a processing plant and a 5-kilometre pipeline connected to the Cooper Basin gas network. GPA Engineering is defining the scope to recommission the facility, with first gas sales into the east coast market estimated by year-end.

The Vanessa acquisition gives Bass a chance to book remaining conventional gas reserves and assess untested conventional and tight gas potential in the Toolachee and Patchawarra formations through the existing well. The well also penetrated the full Permian sedimentary sequence, offering a location to test deep coal potential within the surrounding permit area.

GPA Engineering is also updating early engineering work for the 100%-owned Kiwi 1 Field Development. Bass is discussing potential infrastructure connections before selecting a development concept. The company received a 25% advance from the A$3.5 million South Australian government grant intended to accelerate the Kiwi development.

Reprocessing of the Dundinna 3D seismic survey is almost complete. Early mapping of the improved dataset has produced encouraging results, Bass said. The company has sent Kiwi condensate and Arrabury Trough rock samples to a specialist US laboratory to investigate the source of the liquids-rich gas and guide exploration around the field.

Elsewhere in the Cooper Basin, results from a deep coal appraisal program using high-angle or horizontal wells and multi-stage fracture stimulation may inform Bass's own commercialisation plans.