• Bunian 6 intersected oil pay in line with pre-drill expectations in the TRM3 and K1 sandstone reservoirs as confirmed by wireline logs

• The well was drilled to a TD of 1807.9 metres prior to running logs

• The rig will run and cement 7” production casing following the logging program then immediately complete the well as a tandem oil producer from the TRM3 and K1 reservoirs

• The well is expected to come online in early September after the rig moves off location

• Bunian 6 is expected to boost Indonesian oil production from 250 bopd to 750 bopd (100% share) - Bass is Operator and 55% interest holder in the permit

• The expenditure is cost recoverable against existing production under the terms of the KSO

Bass Managing Director Mr Tino Guglielmo commented:

“Bass is pleased with the Bunian 6 well result. The recent performance of the Bunian field offered an opportunity for low-risk production growth at a time of high oil prices. This well is the first of several growth initiatives currently under development in Australia and Indonesia as Bass aims to establish itself as a profitable mid-tier energy company.” Mr Guglielmo added.