BRU 1.04% 9.5¢ buru energy limited

This is from 01/06/21 ASX Announcement: Rafael 1 (Buru 50% and...

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    This is from 01/06/21 ASX Announcement:

    Rafael 1 (Buru 50% and Operator)

    The Rafael structure is well defined by a modern 2D seismic grid with over 450 metres of mapped closure interpreted from the seismic data.

    The large size of the Rafael structure means that at the exploration stage 2D seismic data is sufficient to provide confidence on the drilling location.

    Under the terms of the farmin agreement for the Rafael well, Origin will also fund the first $4 million of a 3D seismic survey if the well is successful.
 
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