Buru Energy Limited is pleased to provide the following operations update.
As previously reported, interpretation of the wireline logs from the well indicate a gross oil bearing interval of some 23 meters is present at the top of the interpreted Ungani Dolomite section. The log response of the oil bearing interval is similar to that seen over the interpreted highly productive zone at the Ungani Oilfield, but as at Ungani, the reservoir characteristics will need to be confirmed by a production testing program. Production tubing for the testing program has now been run in the well and it is suspended in preparation for the flow testing program. To ensure a definitive test, it is intended to pump test the well using a progressing cavity pump (PCP).
The regulatory approval process for the test is currently underway and testing equipment is being mobilised. It is expected the test will commence within the next two weeks.