An extended production test (EPT) carried out by energy explorer Bass Oil (ASX:BAS) has posted flowrates of 4.1MMcfpd and 988 barrels of condensate. Bass Oil’s geotechs have indicated the gas has low impurity levels below 4.5% carbon dioxide (natural gas, for all intents and purposes, is methane.) Laboratory tests will confirm this for sure. However, it’s not just gas the company has its eyes on – the liquids (condensate) production is also above expectations. “[That] could significantly increase the economic value of the Kiwi discovery,” Bass wrote on Tuesday. The condensate to gas ratio (CGR…
