Ann: Operations Update, page-2

Operations UpdateBuru Energy Limited (Buru Energy) provides the following update on its Canning Basin well operations.Rafael 1 well drilling operationsSince the last report the well has been drilled ahead in 121⁄4 inch (311 mm) hole to the current depth of 2,772 metres. The forward operation will be to continue drilling to the 95⁄8 inch (244 mm) casing setting depth above the interpreted reservoir section, which will then be drilled in 81⁄2 inch (216 mm) hole after the 95⁄8 inch casing has been set. 16 October 2018Drilling progress has been slower than anticipated due to a number of unplanned bit trips required due to hard formations in the basal Grant and Reeves sections.The Rafael 1 well is located in Exploration Permit EP428 in the Canning Basin in northwest Western Australia some 50 kilometers to the east of the Ungani Oilfield.Currajong 1 well test programAs planned, the four test zones have been perforated and the production test string with the required packers for zonal separation has been run into the hole.Testing operations of individual zones will commence shortly.It is intended to provide an update on the program once all the zones have been tested and a final flow result obtained. This is expected to take approximately two weeks to complete.