Company News Summary
Buru Energy Commences Drilling Operations at Ungani North-1
Original announcement: Commencement of Drilling Operations - Ungani North-1
Buru Energy advised that drilling operations at the Ungani North-1 well commenced at 1600 hours on 5 July 2012 (AWST) using Century Rig #7. The well is currently drilling ahead in a 17 1/2" (444mm) hole to the first casing point at ~620m. The well is the fourth well to be drilled by the Buru-Mitsubishi Corporation (MC) JV in 2012. The well is located in exploration permit EP 391 some 100km to the east of Broome, and lies some 6km north of the Ungani Production Facility. The company and MC each have a 50% interest in this well and in EP 391, with MC and the company each contributing 50% of the cost of the well. Ungani North-1 is a vertical well with a prognosed total depth of 3,000m and an estimated dry hole drilling time of 32 days. If producible hydrocarbons are encountered, the well will be completed and an initial clean-up flow undertaken.
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