Company News Summary
Buru Energy Provides Ungani Field Extended Production Test Update
Original announcement: Ungani Field Extended Production Test Update
Buru Energy provided an update on the Ungani Field Extended Production Test (EPT). The EPT commenced on 31 May 2012, with the Ungani-1 and Ungani-2 wells being produced and shut-in alternately since that time to gather pressure data and assist with well clean-up. In summary, both wells have continued to perform at or above expectations, with no evidence of pressure depletion or formation water production and the operating system continues to work safely and effectively. The wells have continued to clean up with Ungani-1ST1 still recovering significant quantities of mud and drilling fluids. Ungani-2, which had fewer overall losses while drilling, and has a different downhole completion, is producing less drilling fluid. It is anticipated that the wells will continue to cleanup over the coming weeks.
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