Buru Energy Limited provides the following final weekly update on drilling operations at the Praslin 1 well as at 06:00hrs, 3 September 2015 (AWST). Praslin 1 is located 90kms east of Broome and 15kms west of Buru Energy's producing Ungani oil field. Buru Energy and Mitsubishi Corporation each have a 50% equity and contributing interest in the Praslin 1 well and in EP391.
Since the last progress report, the well has been plugged back to 2,145 metres and a 3½' (89mm) completion string has been run to 2,120 metres. A separate testing crew will undertake the well test as soon as practicable.
The Atlas 2 rig has been released and will now be mobilised to the Victory 1 location. This is the last weekly drilling report in respect of the Praslin 1 well.