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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 well was...  it's not a stretch for post-drill Bunian 5 to take us to our capacity. So it's a low-risk and very high-impact well for us, and as a result we're very keen to drill it."

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Price: 0.003 AUD

ASX:BAS
Market: ASX
Market Cap: $10.03 m
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Bass Oil working to add Tier 1 and Tier 2 oil producing assets in Indonesia

Bass Oil Ltd (ASX:BAS) managing director Tino Guglielmo updates Proactive Investors following a quarterly report revealing that oil production for the December quarter rose by 83%. Guglielmo explains that the company is driving forwards its Indonesia-focused strategy, developing its...

on 25/1/19

2 min read