Projects Tangai-Sukananti KSO Cooper Basin Portfolio - Production License (PPL 207) - Worrior Oilfield - Ex PEL 93 - Ex PEL 100 - Ex PEL 110 Production License (PPL 207) - Worrior Oilfield (BAS acquiring a 30% working interest) PPL 207 covers 6.4 km2,and contains the producing Worrior oil field. Worrior has produced 4.1 million barrels of oil since production commenced in December 2003. The field is operated by Beach and is located ~50 km South West of Moomba in South Australia. Oil produced and processed at the Worrior facility is exported to Moomba or the oil refinery at Eromanga in South West Queensland. Worrior oil field Structure map Significant drilling has occurred to date, with 3 exploration wells, 1 appraisal well, and 9 development wells targeting the Murta, McKinlay/Namur, Birkhead, Hutton and Patchawarra reservoirs. The operator reports a remaining 2P reserve as at 30 June 21 of 0.18 million barrels of oil (JV share). The field also contains 2C contingent resources of 0.67 million barrels of oil (JV share), primarily located in the prospective Murta reservoir. The acquisition will increase Bass’ 2P reserves base by 54,000 barrels or 10% after accounting for the Worrior reserves. The 2C contingent resource increment will increase by 200,000 barrels (Bass share). Production Enhancement The field currently produces over 40 barrels of oil per day (JV Share) with a planned zone change to increase production to around 100 barrels per day. This is possible given the producing Worrior wells, targeting the Mckinlay/Namur and the Birkhead reservoirs have been configured to allow zone changes by low-cost intervention. A number of ‘water shut-off’ opportunities also exist. These will be evaluated and may increase the economic potential of the field. Bass Oil Limited Level 5, 11-19 Bank Place, Melbourne, Victoria 3000 Australia. Telephone:(61) (3) 9927 3000 Fax:(61) (3) 9614 6533 Email: admin@bassoil.com.au ABOUT US CONTACT US Powered by Sonder Sites