Buru Energy Updates on Drilling Operations at 2 Wells in Western Australia



Buru Energy Limited provided Thursday the following weekly update on drilling operations at the Senagi 1 well in EP 458 in Western Australia as at 06:00hrs, Nov. 5 (AWST).

Since the last progress report, the well has been cored ahead in 3.98 inch (101 millimeter) hole to the total depth of 3,248 feet (1,045 meters) and wireline logs are currently being acquired.

The Senagi 1 exploration well located in exploration permit EP 458, 149 miles (240 kilometers) southeast of Broome and 89 miles (144 kilometers) southeast of Buru Energy’s Ungani Oilfield. Equity and contributing interests in the well are as follows:

  • Buru Energy: Equity Interest - 37.5 percent; Contributing Interest - 41.67 percent
  • Mitsubishi Corp. (Mitsubishi): Equity Interest - 37.5 percent; Contributing Interest - 41.67 percent
  • Rey Resources: Equity Interest - 25.0 percent; Contributing Interest - 16.67 percent

Separately, Buru also gave an update on drilling operations at the Victory 1 well as at 06:00hrs, Nov. 5 (AWST).

Since the last report additional well conditioning has been carried out and logging runs attempted. Further logging runs will be attempted prior to undertaking a required casing cement squeeze and running the completion.

Victory 1 is located in exploration permit EP 457, 115 miles (185 kilometers) east of Broome and 53 miles (85 kilometers) southeast of Buru Energy’s producing Ungani Oilfield. Equity and contributing interests in the well are as follows:

  • Buru Energy: Equity Interest - 37.5 percent; Contributing Interest - 41.67 percent
  • Mitsubishi Corp. (Mitsubishi): Equity Interest - 37.5 percent; Contributing Interest - 41.67 percent
  • Rey Resources: Equity Interest - 25.0 percent; Contributing Interest - 16.67 percent


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