Bass Oil Ltd (AU:BAS) has released an update.
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Bass Oil Limited has announced positive results from the Kiwi-1 flow test, highlighting the commercial potential of its Kiwi gas field. With an after-tax net present value of $36 million, the asset promises substantial returns, driven by impressive condensate yields and minimal reservoir depletion. The company is now exploring funding options to expedite full production and enhance shareholder value.
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