Buru Energy Limited is pleased to provide the following operations update.

Praslin 1

Testing of the well has commenced with the wireline swabbing unit. The drilling fluid lost through the drilling operation is currently being recovered. It is expected it will take several more days to recover the drilling fluid and obtain a sample of reservoir fluid. Further results of the operation will be made available as they are obtained.

Laurel Formation Tight Gas Pilot Exploration Program (TGS)

The TGS program continues to produce very encouraging results.

The current operations at the Asgard 1 well are preparing to run the completion tubing configured to allow testing of separate zones. Fluid returns during these operations have included encouraging amounts of gas.

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