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Bass Oil Limited (ASX:BAS)

ALERT: Price-sensitive ASX Announcement for BAS
Current share price for BAS : $0.068 0.012 (21.43%)+
Announcement
Release
26 Aug 2026 10:59AM
Price at Release
$0.056
Full Release
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Summary
Bass Oil Limited announced that the Bunian 6 well in the Tangai-Sukananti KSO has successfully intersected oil pay as anticipated in the TRM3 and K1 sandstone reservoirs, reaching a total depth of 1807.9 meters. The well is expected to significantly increase field production from 250 barrels of oil per day to 750 bopd, with the rig running and cementing a 7” production casing before the well is completed. Bass Oil, holding a 55% interest in the KSO, plans to bring Bunian 6 online shortly after rig relocation, with drilling costs being fully recoverable against existing production.
Key Points
  • Bunian 6 well intersected oil pay in line with pre-drill expectations.
  • The well was drilled to a total depth of 1807.9 meters.
  • Expected to boost field production from 250 bopd to 750 bopd.
  • The rig will run and cement 7” production casing.
  • Bunian 6 will come online shortly after the rig moves off location.
  • Drilling expenditure is cost recoverable under the terms of the KSO.
  • Bass holds a 55% interest in the Indonesian KSO.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.