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Bass Oil (ASX:BAS) secures 10-year extension for its Indonesian KSO

Bass Oil (ASX:BAS) has been granted a 10-year extension for its Indonesian KSO, owner of a 55% interest in South Sumatra's Tangai-Sukananti KSO, until 2035.

Under improved fiscal terms, the extension is expected to boost reserves, and free cash flow.

Also included is a workflow program valued at $3.25 million for the first two years, which will be funded by cash flow from the licence.

The extension will allow for the exploitation of growth potential, particularly in the Bunian field.

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