Company News Summary
Buru Energy Announces Ungani EPT Operations Update and Forward Program
Original announcement: Operations Update Ungani EPT and Forward Program
Buru Energy provided an update on the Company's forward drilling program and continuing operations at the Ungani EPT. The Company reported production performance at Ungani continues to improve and has confirmed the high quality of the reservoir and the significant production potential of the Field; the Yulleroo 4 appraisal well is to spud shortly targeting major upside in the Yulleroo wet gas field and the potential to confirm the presence of a Basin Centred Gas System in the Yulleroo area; Cyrene 1 is to recommence drilling shortly with both a conventional oil target and an important test of the Goldwyer Shale oil and wet gas potential; and major studies on the potential of the Canning Superbasin is progressing, including updated Laurel Basin Centred Gas System evaluation.
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