Small cap oil producer Bass Oil Ltd (ASX:BAS) has shown that gas flow rates from its Kiwi-1 well in South Australia’s Cooper Basin are on-target with expectations, while condensate yields have gone beyond what the company expected, according to an Extended Production Test (EPT) completed on the well. According to the test, gas impurity levels at Kiwi-1 have a CO2 content of 5% – which came in lower than expected – as well as insignificant H2S, and Condensate to Gas Ratio (CGR) set at 235 barrels per million standard cubic feet – this being more than 10 times pre-test expectations. Bass said th…
