and for all the nay sayers - "Australian based Indonesian oil producer Bass Oil (ASX: BAS) is pleased to announce that construction of the Bunian 5 drilling site has commenced at the Tangai Sukanati KSO. The well will be drilled vertically at the same drilling pad from which the Bunian 4 directional well was drilled. This will result in a cost and time saving for the project. Planning and procurement activities are progressing for the upcoming drilling program. The contract for the drilling rig is expected to be awarded in December 2018 with the mobilisation and spud of the first well, Bunian 5 to occur as soon as possible thereafter. The drilling program is expected to increase both the production capacity and developed reserves of the Tangai-Sukananti project."
Will expect this to run soon.
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- Ann: September Quarterly Activities Report and Appendix 5B
Ann: September Quarterly Activities Report and Appendix 5B, page-13
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