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Bass Oil delivers record oil production at Indonesian operation amid focus on growth

Bass Oil Ltd (ASX:BAS) managing director Tino Guglielmo speaks to Proactive Investors about the oil company’s Tangau Sukananti joint venture operation in Indonesia’s South Sumatra region.
“We’re a 55% participant in this joint venture … [and] last month in fact we had record production levels at the joint venture level of nearly 900 barrels of oil a day,” Guglielmo says.
He continues, “we were able to identify, without drilling, a number of production optimisation opportunities which could take production [up] from 300 or 400 barrels a day.
“This property, that was only supposed to generate cashflow … is actually the first step on our growth journey in Indonesia.”

Quick facts: Bass Oil Ltd

Price: 0.002 AUD

Market: ASX
Market Cap: $6.68 m

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Bass Oil set to drill 'a low-risk and very high-impact well' with Bunian 5

Bass Oil Ltd (ASX:BAS) managing director Tino Guglielmo updates Proactive Investors on increased reserves, increasing production, and expanded criteria in the search for additional Indonesian oil assets. Guglielmo says, "The Buyian 5 well is going to be at least as good as the Bunyan 3...

on 11/3/19

2 min read