SOUTH SUMATRA BASIN - onshore

BAS 55% and Operator

The Company's acquisition of the Tangai-Sukananti KSO transforms Bass Oil into a profitable oil producer in a prolific oil and gas region. Current production (February 2017) stands at over 700 bopd (100% JV share).

The current Proven and Probable Reserves are 1.73 mmbbls with 45% of Reserves undeveloped affording substantial low risk upside potential. Production is expected to continue until mid 2025.

The KSO additionally provides a platform for future growth through low cost development opportunities and value-adding bolt-on acquisition.

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