"Since the the last weekly update report on 29 November, the well has been drilled ahead to a revised total depth of 3,701 metres and wireline logging operations have been commenced. The well was deepened past the originally prognosed total depth of 3,500 metres after oil shows were encountered in the Nullara Formation and strong gas shows (up to some 2,800 units) were encountered in what is interpreted on the basis of information to hand, as limestones and shales of the lower part of the Nullara Formation."
BRU Price at posting:
$2.77 Sentiment: Buy Disclosure: Held
