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

• Analysis of wireline logs and mud log shows have identified oil pay in a third horizon, the M sand at the base of the well – this zone will be tested when the well comes online

• The well is being completed as a tandem oil producer from the TRM3, K1 and M reservoirs and will be brought online shortly after the drilling 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

Bass Managing Director Mr Tino Guglielmo commented:

“Bass is very pleased with the Bunian 6 well result. The oil pay identified in the M sand is a welcome bonus and should positively impact field oil recoveries. This result is adding weight to the interpretation of a westerly extension to the Bunian field and offers Bass low-risk production growth at a time of high oil prices. Bunian 6 is the first of several growth projects currently underway in Australia and Indonesia that together will establish the Company as a profitable mid-tier energy company.” Mr Guglielmo added.