Buru Energy Limited provides the following update on the currently drilling Victory 1 and Senagi 1 wells. Victory 1 As foreshadowed, the logs are difficult to interpret but do show the presence of the significant lost circulation zones with potential cavernous or vugular porosity below a drill depth of 1,945 metres.

Due to the log quality, deep fresh water invasion and hole conditions, it is not possible to determine from logs whether or not hydrocarbons are present in this zone. Logs were unable to be obtained deeper than approximately 2,030 metres due to hole conditions.

The joint venture will now complete the well for testing to determine the nature of the reservoir fluid. Senagi 1 Coring operations have continued at Senagi 1 in massive dolomites of the Nullara Formation

Tags: Buru Energy