Bass Oil (ASX:BAS) shareholders were relieved on Monday when the company said its Kiwi-1 extended production test (EPT) is set for October 18 – shares were up +10% to 7.7cps in the second hour of trade. Bass Oil has repeatedly announced updates on the ETP through the calendar year going back to March 2024 when project approvals were confirmed. Kiwi-1 was originally drilled in 2003 and clocked a flow test rate of 9.6Mcfpd of gas in drill stem testing. Bass is hoping it can replicate those results in an ETP 21 years later; the geological age of that result was determined to be Triassic. Should i…
