Buru Energy Limited provides the following weekly update on drilling operations at the Ungani Far West 1 well as at 06:00hrs, 10 December 2015.

Since the last progress report, the well has been drilled ahead in 8-1/2' (216mm) hole from the 9-5/8' (244mm) casing depth of 311 metres to the current depth of 1,060 metres.

Intermittent oil shows consisting of spotty and trace fluorescence and cut have been observed in individual sandstone beds interpreted to be in the Permian aged Poole and Upper Grant Formations below the base of the Noonkanbah Formation shales. These shows have some similarities to those observed in the equivalent formations on the Lennard Shelf (Sundown and West Terrace accumulations).

Once section TD of ~1,200 metres is reached the significance of the shows will be investigated by wireline logs, and if considered sufficiently encouraging, by wireline pressure and sampling operations. 7' casing will then be set and the well will be drilled ahead to the Ungani Dolomite primary oil objective below 2,100 metres.

Tags: Buru Energy