Buru Energy Continues Drilling at Sunbeam 1 Well in WA's Permit EP 129

Buru Energy, an oil and gas exploration and production firm, provided Thursday the following weekly update on drilling operations at the Sunbeam 1 well in EP 129 in Western Australia as at 06:00 hours, Jan. 29 (AWST).

Since the last progress report, the well has been drilled ahead in 8.5 inch (216 millimeter) hole to a measured depth as at 06:00 hours today of 1,863 feet (568 meters). The forward operation is to drill ahead to the first casing point planned at approximately 2,296 feet (700 meters) and run and cement 7 inch (178 millimeter) casing.

The Sunbeam 1 well is located in exploration permit EP 129, and completion of the well will satisfy the Year 4 work commitment on that permit. Buru Energy has a 100 percent equity interest in the well and in EP 129. The well is located some 53 miles (85 kilometers) south east of Derby and some 11 miles (18 kilometers) south of the Gibb River Road.

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