Bass Oil Updates on Bunian 6 Well Success
Key points
- Bunian 6 intersects oil pay in TRM3 and K1 reservoirs
- Third pay zone identified in M sand
- Expected to boost production from 250 bopd to 750 bopd
- Well completion underway, expected to come online soon
Full summary
Bass Oil Limited (ASX:BAS) announced the successful drilling of the Bunian 6 well, intersecting oil pay in the TRM3 and K1 sandstone reservoirs as expected. Additionally, the M sand horizon, a third pay zone, has been identified for the first time in the Bunian field, although it is the primary producing zone in the adjacent Tangai oil field. The well is being completed as a tandem producer from the TRM3, K1, and M reservoirs and is expected to boost Indonesian oil production from 250 bopd to 750 bopd (100% share) once it comes online.
Guidance
Bunian 6 expected to boost production from 250 bopd to 750 bopd (100% share)
Outlook
Bass Oil sees Bunian 6 as a significant growth project, offering low-risk production growth amid high oil prices.
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