• Bunian field production has reached over 800 bopd (100% share) up from 250 bopd following the commissioning of the Bunian 6 well, in excess of expectations

• Bunian 6 came online from the newly discovered M sand to evaluate its reserves potential

• The field production target, including Bunian 6, is expected to increase to 1,000 bopd (100% share) after additional trucking resources become available

• Bass is Operator and 55% interest holder in the permit

Bass Managing Director Mr Tino Guglielmo commented:

“The Bunian 6 well result continues to exceed our expectations.  Not only is the highly productive M sand expected to increase field reserves but also add a valuable target for future drilling at Bunian West.  This boost in production at a time of high oil prices will increase the Company’s free cash flow significantly, contributing to the capital to be invested in other growth projects in Bass’ portfolio.” Mr Guglielmo added.