Buru Provides Drilling Updates at Ungani 3 Well in EP 391 in WA

Buru Energy Limited, an Australian oil and gas exploration and production firm, provided Monday the following update on drilling operations at the Ungani 3 well in exploration permit (EP) 391 in Western Australia as at 06:00hrs, Feb. 10 (AWST).

Since the last report 9.625 inch casing has been run and successfully cemented to a measured depth of 7,024 feet (2,141 meters) in accordance with the well plan. The Crusader rig is currently preparing to drill ahead in 8.5 inch hole. The forward plan for the well is to drill a total of 98-164 feet (30-50 meters) of Ungani Dolomite section, and depending on results at that point, to undertake a barefoot drill stem test to obtain data on reservoir properties and formation pressures. The well will then be drilled to the planned total depth of 7,677 feet (2,340 meters) measured depth (MD).

From the limited data available to date, the Ungani 3 well is interpreted to have penetrated the top of the Ungani Dolomite at a measured depth of 7.011 feet (2,137 meters), 226 feet (69 meters) above the oil/water contact identified in the Ungani 1 & 2 wells and 52 feet (16 meters) above the previous highest reservoir penetration in the Ungani field. Similar hydrocarbon indications to those seen in the previous wells have also been observed.

Subject to the evaluation of all of the data obtained, it is planned to complete and suspend the well as a future oil producer.


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