"The oil price was steady during May. The average monthly realised oil price was $67.78 compared with a monthly average oil price of $67.39 per barrel recorded in April. The fields continue to generate positive cash contributions to the business with field operating costs below $25 per barrel.
"This was a pleasing result considering that the Bunian 1, Tangai 1 and Tangai 3 wells shut in due to downhole pump failures. A well service rig has mobilised to site to carry out the Bunian 1 and Tangai 1 pump repairs.
"The team in Indonesia is currently sourcing a workover rig to perform the remaining well work including the Bunian 4 workover and the Tangai 4 conversion to water injector. This work will start as soon as possible," Bass said.