Bass Managing Director Mr Tino Guglielmo commented:

 “September marked a milestone when Bass’ growth projects started delivering for the Company. Oil production and sales have increased against a backdrop of persistently high oil prices boosting free cashflow.  With the Bunian 6 oil well online our focus turns to delivering first gas sales from the Vanessa field. I am proud of the efforts of our Indonesian and Australian teams for continuing to deliver our growth projects safely and professionally.”

• Total sales revenue for September was A$1,686,790 net to Bass up 136%

• Group daily oil production averaged 343 bopd for the month, with total monthly production of 10,285 barrels up 59%

• Total Cooper Basin monthly production was 2,424 barrels, with sales of 3,972 barrels at an average oil price of A$165.12 per barrel, up 28%

• Total Indonesian oil production was 7,861 barrels net to Bass, with sales of 7,270 barrels at an average oil price of US$107.98 per barrel, up 28%

• Bunian 6 brought online 23 September producing from the M sand

• Vanessa – recommissioning underway – on budget & on schedule

• Triassic gas study identifies multiple structures on trend with Kiwi