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.