Bass Oil Ltd: Promising Phase 1 Study Results

Bass Oil Ltd (AU:BAS) has released an update.

Bass Oil Limited has completed Phase 1 of the PEL182 Geomechanical Study, with favourable results validating the potential for commercial gas extraction from the Cooper Basin’s deep coal resources. The study, conducted by SLB, has informed the next phase, which will focus on well design and economic feasibility, bypassing the need for a Rapid Resource Assessment. With the promising findings, Bass Oil is positioned to leverage deep coal gas seams, an underexploited Australian energy resource.

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