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 completed the Kiwi 1 Extended Production Test (EPT) in 2024, which confirmed the potentially commercial volumes of gas, with a high-side condensate to gas ratio (CGR) also measured. The field is assessed to contain 2C contingent resources of 1.178 million barrels of oil equivalent in gas and associated gas liquids. This significant asset provides the pathway for the Company to enter the Eastern states' gas market. The geoscience team has also identified the potential for other traps, or prospects, on trend with Kiwi that continue to be evaluated.