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Bass Oil rig setup and ready to drill Bunian-5 well which could add 750 barrels per day

The drill rig is at the well location and is fully rigged up, Bunian-5 is estimated to add 750 barrels of oil per day.

Bass Oil Ltd - Bass Oil rig setup and ready to drill Bunian-5 which could add 750 barrels per day
Compliance and readiness checks are almost complete

Bass Oil Ltd (ASX:BAS) now expects to commence drilling the Bunian-5 oil and gas well early this week within the Bunian Field within the Tangai-Sukananti KSO Project located onshore Indonesia.

The activities this week will be to complete the final compliance and readiness checks prior to the commencement of drilling operations.

The Bunian-5 well is estimated to take 30 days to drill and reach a total depth of 1700 metres.

The Tangai-Sukananti KSO is located on the island of Sumatra in Indonesia and hosts two oil fields, Bunian and Tangai.

Bass owns a 55% interest in Tangai-Sukananti KSO and is the operators of the project.

The Bunian-1 and Bunian-3ST2 wells are currently in production.

Bunian-5 is modelled to come online at 750 barrels of oil per day and produce 0.546 million barrels of undeveloped recoverable oil JV share at the primary TRM3SS reservoir level.

Should the 1,700-metre well be successful, it will be completed and brought into production immediately.

Bass has other targets within the Bunian Field it intends to drill after Bunian-5 keeping investors leveraged to ongoing exploration-based news flow.

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