Bass Oil on track to complete Bunian 5 well drilling offshore Indonesia this month

Proactive Investors Monday, 7 October 2019
Bass Oil Limited (ASX:BAS) has drilled the Bunian 5 well to the intermediate casing setting depth of 1315 mKB (metres below kelly bushing) following the spudding of the well on September 24, 2019. This morning the rig was running a wiper trip prior to running wireline logs in the intermediate section of the well. The well will be drilled to a depth of 1700 mKB and is expected to intersect the primary target at 1392 mKB. Background Bass has acquired a 55% interest in the Tangai-Sukananti KSO producing assets in the prolific oil and gas region of South Sumatra, Indonesia. Bunian-1 and Bunian-3ST2 are currently in production. As at July 2019, the Tangai-Sukananti KSO was producing on average 750 barrels of oil per day from four wells (JV share). Bunian-5 is a vertical well being drilled from the surface location of the Bunian-4 deviated well. Schematic geological cross-section showing Bunian-5 well location The well is estimated to take 30 days to drill and complete, reaching a total depth of about 1700 metres. In the success case, Bunian-5 will be completed and brought into production immediately. Next steps Following acquisition of the wireline logs the 9-5/8” intermediate casing will be run and cemented in place. Drilling operations will recommence towards the first core point at the primary target, the TRM3 sandstone. Depth Map at primary objective TRM3SS level showing proposed and current wells

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