Buru Provides Update on Drilling at Ungani 3 Well in EP 391 in WA

Buru Energy Limited, an Australian oil and gas exploration and production firm, provided Thursday the following weekly update on drilling operations at the Ungani 3 well in exploration permit (EP) 391 in Western Australia as at 06:00hrs, Feb. 6 (AWST).

The Ungani 3 well is currently drilling ahead at 6,952 feet (2,119 meters) measured depth (MD) in 12.25 inch hole, progress for the week is 324 feet (99 meters). The slow progress was related to a bit change and conditioning the hole. The forward operation is to continue to drill ahead to tag the top of the Ungani Dolomite at which point the 9.625 inch casing will be set prior to drilling through the Ungani Dolomite primary objective.

Ungani 3 is the first well in the Buru – Mitsubishi Corporation (MC) 2014 drilling program. Buru and MC each have a 50 percent equity and contributing interest in the well and the Ungani Field.

The Ungani 3 well is located in production application STP-PRA-0004 in exploration permit EP 391 some 62 miles (100 kilometers) to the east of Broome. The well location is some fifty kilometres from the Great Northern Highway along the Ungani access road.

The well has a programmed total depth of 7,677 feet (2,340 meters) and is expected to take some 35 days to drill and suspend.

Further Reports

In accordance with its policy of releasing weekly drilling progress reports, the Company will issue drilling progress reports each week, subject to any material events occurring in the meantime. From next week, the drilling report will be issued on Tuesday of each week.


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