Buru Energy Ltd. (Buru Energy) disclosed Monday that acquisition of the Jackaroo 3D seismic survey in Western Australia was completed Nov. 30.
Acquisition of the survey commenced Oct. 20 after completion of line preparation operations. The completed survey size is some 86.4 square miles (224 square kilometers) and it was completed with no safety or environmental incidents.
The survey is located between the existing Yulleroo and Ungani 3D seismic grids and will join the two grids to give seamless 3D coverage from Yulleroo to Ungani. It covers the currently identified Jackaroo and Praslin prospects and a number of other conventional oil prospects along trend.
Data Quality and Prospects
Field processing has indicated that the data quality of the 3D survey is good to excellent, and the anticipated structural trends and prospects have been properly managed. Full processing of the data has commenced with a U.S. –based processing house, with the aim of having a preliminary data cube available early in January 2015. This will allow early selection of prospects for commencements of approvals processes for planned drilling in the 2015 dry season.
Heritage and Environmental Summary
The survey was acquired along survey lines that had been heritage cleared by senior Yawuru, Nyikina Mangala and Karajarri cultural advisers who physically inspected the survey lines in their particular cultural areas.
The survey lines were prepared using techniques that minimize disturbance to vegetation. Buru Energy staff and management, together with the seismic contractor for the survey, Terrex Seismic, have developed and refined these techniques over many years of operations in Western Australia and they have been recognized as leading practice in environmental management. Current assessments indicate that the Company’s seismic lines have strong regrowth after two wet seasons. The operations are also overseen by the Western Australian Department of Mines and Petroleum who require submission and approval, and subsequent adherence to, a rigorous environmental plan which is then monitored and audited during operations. These environmental plans are publicly available documents.
Eric Streitberg, Buru Energy’s executive chairman commented:
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