BRU 3.66% 7.9¢ buru energy limited

yullerroo 4 was always a key well. It's an important step in the...

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    yullerroo 4 was always a key well. It's an important step in the development plans.

    "The well achieved these objectives and the results also exceeded our expectations, with strong gas shows in the well from about 2,130 metres measured depth to the final total depth of 3,712 metres. This intersection has added over a thousand metres of gas charged section above the previously interpreted top of the gas sands in Yulleroo-1. A number of additional sand packages are also present which add significantly to the interpreted gas charged reservoir section.

    What did give us a very pleasant surprise was that a package of sands at around 3,200 metres measured depth has conventional reservoir properties, and this has the potential to materially improve the flow rates from this well without requiring any reservoir stimulation. If this sand is developed over a larger area with similar reservoir properties it could add significantly to the commercial potential of the field."


    So if this sand package is present at Yullerroo 4..then.....who knows?

    another key point from the interview..


    "Our business plan to commercialise the gas in the basin is an incremental, step by step, approach. The key to the short term development is the supply of domestic gas to the markets in the south of Western Australia, and you obviously need the infrastructure to get that gas to market.

    As there are no existing gas pipelines to take gas out of the Canning Superbasin we need to construct one, and we have been working on the preparations for that for a number of years now. Our plan is for the Great Northern Pipeline to connect the Yulleroo Field to the Dampier to Bunbury Natural Gas Pipeline in the Pilbara. We initially focused on the Yulleroo Field to underpin the construction of the pipeline, however, given the success we have had at Valhalla, we are now looking at the feasibility of extending the GNP to the Valhalla area"


    Hopefully Yullerroo 4 comes in with positive results and development plans continue to fall into place.


    full article below. An old article.. but a good read for those who have forgotten or who are new to the BRU forum.

    http://www.companyinsight.net.au/interview/Buru-6-8-12
 
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