(ROG)
The Killanoola oilfield was discovered by the Killanoola-1 well in 1998 Previous flow tests of the well have recorded rates of up to 300 bopd
(BAS)
Bass announces new new expansion drilling program to commence soon aimed at building daily output from 500 bopd from four production wells within its Tangai Sukananti KSO, hosting the producing Bunian and Tangai oil fields.
They then expect to follow up with the Bunian-6 well in the undrilled southwest part of the field, further increasing production and developed reserves. We are also planning to drill a third well to appraise the very exciting Bunian 3P Extension area which we have historically regarded as a future stand-alone exploration prospect but which we now suspect is part of the greater Bunian field
Indonesian Oil Operations Update
angai 1 well, field production is expected to return to over 500 barrels of oil per Day in March.
We’re already producing oil on a monthly bases, and now going to be producing more oil so we’re so we’re aiming for 1000+ barrels of oil per day
Management also looking for new acquisitions to grow the company further.
DYOR & looking forward to next week
BAS Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held
