Buru Energy Ltd. says that since the last progress report, the well has been drilled ahead in 6.125 inch (156 millimeter) hole to current depth at 06:00 hrs of 7,234 feet (2,205 meters).

The well will continue to be drilled ahead to the top of the Ungani Dolomite reservoir where 5 inch (27 millimeter) casing will be run and Atlas 2 Rig will then be released. Specialist coring rig DDH1 Rig 31 will then be rigged up and conduct coring operations through the Ungani Dolomite reservoir section.

Since the last report, oil shows have been observed in cuttings sample and mud log gas readings in sandstones of the interpreted Anderson Formation over the interval 6,086 to 6,257 feet (1,855 to 1,907 meters) drill depth with the highest mud log gas readings over the interval 6,135 to 6,181 feet (1,870 to 1,884 meters).

Tags: Buru Energy