Bass Oil Continues Discussions to Secure Rig Slot for Drilling at Indonesia Project

MT Newswires Live
04-22

Bass Oil (ASX:BAS) is in ongoing discussions with petroleum products company Pertamina EP to secure a drilling rig slot for its Bunian 6 development well in Indonesia's Tangai-Sukananti oilfields, according to a Tuesday filing with the Australian bourse.

The drilling of the well has been delayed due to availability issues with drilling rigs, the filing said.

The company expects to lock in a spud date as soon as possible, the filing added.

Shares of the company rose past 2% in recent Tuesday trade.

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