Weekly Well Operations Report – Ungani 7H Permit The Ungani 7H well is located in Production License L 20 in the Canning Basin of northwestern Australia, 97 kms east of Broome. The surface location is some 500 metres to the southwest of the Ungani 1ST1 and 2 wellheads and the Ungani Production Facility. Well Surface Location Latitude: 17° 59' 38.9"S Northing: 8,010,455 mN Longitude: 123° 09’ 40.0”E Easting: 517,056 mE Buru Energy’s Interest Buru Energy Limited holds 50% interest in the well and L 20 and is the Operator. Date of Progress Report 10 September 2019 at 06:00am (AWST) Proposed Total Depth +/- 2,275 metres MDRT Current Depth 2,037 metres Commencement Date 26 August 2019 Days Since Commencement 15 days Target Formation The well is a precursor well to a horizontal development section in the Ungani Dolomite reservoir of the Ungani Oilfield. Operations Since Last Progress Report Since the last report, the well has been drilled ahead in in 8½ inch (216 mm) hole to a depth as at 0600 hours today of 2,037 metres building hole angle as planned. Drilling progress to date has been in line with expectations and has included a trip to change out the bottom hole assembly and to condition the hole prior to drilling into the shale zone in the deviated hole section. Hydrocarbons Indications None – None expected. Forward Operations The forward operation is to continue to drill ahead in 8½ inch (216 mm) hole to a planned section TD of ~2,275 metres prior to running 7 inch (178 mm) casing followed by a 4½ inch (114 mm) liner to TD. The NGD405 rig will then be demobilised from the well and the reservoir section will be drilled underbalanced with coiled tubing.
All is going according o plan, we are on track!.
BRU Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held
