Bunian 6 Well Update

Key points

• Bunian 6 intersected oil pay in line with expectations
• Expected to boost production from 250 bopd to 750 bopd
• Well completion and production start expected in early September

Full summary

Bass Oil Limited (ASX:BAS) announced that the Bunian 6 well intersected oil pay in line with pre-drill expectations in the TRM3 and K1 sandstone reservoirs. The well reached a total depth of 1807.9 meters and is expected to boost production from 250 barrels of oil per day (bopd) to 750 bopd (100% share) at the Tangai-Sukananti KSO in Indonesia. The rig will run and cement the 7' production casing following the logging program and then complete the well as a tandem oil producer from the TRM3 and K1 reservoirs. Bunian 6 is expected to come online in early September after the rig moves off location. The expenditure is cost recoverable against existing production under the terms of the KSO.