Company News Summary
Buru Energy Provides Operations Update
Original announcement: Operations Update
Buru Energy provided an update on its exploration program and operations at the Ungani Field production test. Highlights include: strong continued production performance at Ungani Field with initial data gathering phase close to completion with production logging and field shut-in planned; currently drilling Yulleroo 4 appraisal well targeting the major upside in the Basin Centred Gas System (BCGS) in the Yulleroo area; Cyrene 1 well coring high potential Goldwyer Shale with strong oil and gas shows; and Laurel Basin Centred Gas System evaluation by RISC identifies at least 47 TCF of gas net to the company in the regional Laurel Formation BCGS, including over 6 TCF in the Yulleroo regional area.
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