Bass Oil (ASX:BAS) spudded Tangai-5

• Bass Oil (BAS) has spudded its Tangai-5 development well within its joint ventured project onshore Sumatra in Indonesia
• During the first week of April, the surface casing was cemented in place
• Drilling was then re-commenced and the well was drilled to 1348 metres below the rotary table (mRT), the intermediate casing point
• Currently, the rig is preparing to run and cement the intermediate casing in place
• Bass Oil is in the grey and last traded at 0.2 cents per share

Bass Oil (BAS) has spudded its Tangai-5 development well within its joint ventured project onshore Sumatra in Indonesia.

The energy company announced it well spudded on the afternoon of April 1.

During the first week of April, the surface casing was cemented in place. Drilling was then re-commenced and the well was drilled to 1348 metres below the rotary table (mRT), the intermediate casing point.

Currently, the rig is preparing to run and cement the intermediate casing in place.

Following this casing, the rig will commence preparations to drill ahead to the total depth of 1673 mRT and then prepare to run the evaluation program this coming week.

The well is estimated to take 32 days to drill and complete, reaching approximately 1650 metres.

The Tangai Field was discovered in 1992 by Pertamina and is a structural closure on the upthrown side of a NE-SW trending fault in the east of the Tangai-Sukananti KSO.

Tangai-1 is currently in production, and Tangai-3 is currently suspended with plans to return the well to production after the completion of Tangai-5.

Bass Oil is in the grey and last traded at 0.2 cents per share at 3:50pm AEST.