Buru Energy Ltd. says that since the last progress report, the well was cored ahead in 3.99 inch (101 millimeter) hole to the current depth of 7,890 feet (2,405 meters) where a bit trip was undertaken and a wireline logging program commenced.

Core recovery has been excellent and oil shows in the core have continued to be observed. The significance of the shows will be determined once the full wireline logging and pressure measurement program has been completed.

Light oil with an API gravity of 41 degrees has been recovered from the wellbore during logging operations.

Tags: Buru Energy