BAS – Bass Oil Ltd

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Company Profile

Bass Oil Limited is an Australia-based exploration and production company featuring low-cost onshore oil production in Indonesia and the Cooper Basin. The principal activity of the Company is engaged in oil production from a 55% operator interest in the Tangai-Sukananti license in the prolific South Sumatra Basin. The Company’s Tangai-Sukananti KSO project produces approximately 350 barrels of oil per day (bopd) from (55% Joint Venture (JV) share). It is also in the process of acquiring a portfolio of tenements in the Cooper Basin, South Australia, which includes Worrior and Padulla oil fields, and a number of properties that contain prospective appraisal and exploration opportunities. Its production license (PPL 207) Worrior Oilfield project covers 6.4 kilometers square and contains the producing Worrior oil field, which produces over 40 bopd. Padulla Oilfield has cumulatively produced 0.52 million barrels of oil and is producing over 30 bopd.

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