• Bass confirms a new oil discovery in the M sand in the Bunian field

• The M flowed ~2400 barrels of oil per day on a short clean up flow, recovering 100 barrels of oil with no water after the well was ‘swabbed in’

• A production testing program will now commence to confirm reservoir parameters for all three oil zones in the well, the TRM3, K1 and M reservoirs

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

Bass Managing Director Mr Tino Guglielmo commented:

“The Bunian 6 well result has exceeded our pre-drill expectations. The oil pay identified in the highly productive M sand is a welcome bonus and will increase field oil recoveries. This result offers Bass significant production growth at a time of high oil prices. This is the first success in a diversified program of projects underway that aim to establish Bass as a profitable mid-tier energy company.” Mr Guglielmo added.