Buru Energy Ltd. says that since the last progress report, the logging and sampling program has been completed and the well was then drilled ahead to the interpreted top of the Ungani Dolomite reservoir and 5 inch (127 millimeter) casing has been run and cemented to 7,635 feet (2,327 meters).

Atlas 2 Rig has now been rigged down and released. Specialist coring rig DDH1 Rig 31 is currently rigging up and will conduct coring operations through the Ungani Dolomite reservoir section.

Interpretation of the completed logging and sampling program results confirmed the preliminary interpretation of an oil column of at least 46 feet (14 meters) of which some 16.4 feet (5 meters) is net pay in the Anderson Formation. Preliminary field measurements of the samples recovered from the surface indicate the oil has a gravity of 30.5 degree API.

Tags: Buru Energy