Bass Oil Limited announced that the Tangai-5 development well recorded an initial clean up flow rate of 1,120 bopd on a 13/64 inch choke at a flowing tubing head pressure of 480 psi to an on-site storage tank for a period of 2-1/2 hours. A total of approximately 120 barrels of oil was produced during the test with the initial flow rate highlighting the highly productive nature of the M reservoir in the Tangai field. The rig has been moved off location and the well has been connected to the recently upgraded Tangai Production Facility. The upgrades include a new flow line, enhanced water handling and improved export capacity to ensure a more efficient and cost-effective production process. Tangai-5 was brought online Friday 6 May 2022 at controlled rates of around 250 bopd to commission these facility upgrades. The Company is currently deploying a well test crew complete with a
test separator and wireline equipment to the Tangai site to perform a well deliverability and pressure build up survey by month end. Bass is targeting a production rate of between 500 bopd to 750 bopd following completion of the well test. If achieved, the Company expects to raise total oil exports from the Tangai-Sukananti KSO to its limit of 1,000 bopd.