http://www.buruenergy.com/asx-announcements/ see announcement...

http://www.buruenergy.com/asx-announcements/

see announcement 7/1/16


WA488-p extract from meo:

The upper objective is a 180km2 isolated carbonate build up (BU) of Carboniferous age with 400m of mapped vertical relief. Beehive is analogous to the giant Tengiz carbonate build up field in the Caspian basin. Beehive is the same Lower Carboniferous (Visean) age carbonate and similar in basinal setting, area, thickness and depth range to the Tengiz field carbonate build up which was deposited at a similar paleo-latitude across the paleo Tethys ocean. The carbonate reservoir is interpreted to be the same age as the 2011 Ungani-1 oil discovery in the Canning basin, which tested at 1,600 bopd demonstrating a high quality reservoir. Beehive is a much larger build up, has excellent access to the Lower Carboniferous source rock in adjacent depocentres. This play setting is undrilled in the Petrel Basin.

Adl