BURU ENERGY LIMITED 
By ASX Announcement
Buru Energy Limited
ABN 71 130 651 437
Level 2, 88 William Street
Perth, Western Australia 6000
Ph: +61 8 9215 1800
Fax: +61 8 9215 1899
www.buruenergy.com
ASX: BRU
15 January 2014
Buru Energy Limited advises that drilling operations on the Ungani 3 well commenced at
17:30hrs on 14 January 2014 (AWST) using the Advanced Energy Services Crusader 405 drilling rig. As at 06:00hrs on 15 January 2014 (AWST) the well was drilling ahead at 103 metres.
Ungani 3 is the first well in the Buru - Mitsubishi Corporation ("MC") 2014 drilling program. Buru and MC each have a 50% equity and contributing interest in the well and the Ungani Field.
The Ungani 3 well is located in production application STP-PRA-0004 in exploration permit EP 391 some 100 kilometres to the east of Broome. The well location is some fifty kilometres from the Great Northern Highway along the Ungani access road.
The well has a programmed total depth of 2,340 metres and is expected to take some 35 days to drill and suspend.
The well is located in the Ungani Field area on a separate pad to the Ungani Production Facilities
("UPF") and is some 1,000 metres to the east of
the Ungani 1 and 2 wells. The planned production from the well will be transferred to the
UPF via a pipeline from the Ungani 3 pad.
The primary objective of the well is the oil producing Ungani Dolomite reservoir of the
Ungani Field, the well also has a secondary target
in the overlying Grant Formation in which oil shows were encountered in the Ungani 1 well, and where a potentially significant structural closure has been identified on the Ungani 3D
seismic data.
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Further information on the Company is available at: www.buruenergy.com
For inquiries please contact:
Dr Keiran Wulff Managing Director, or Chris Bath Company Secretary Telephone: +61 8 9215 1800
Freecall: 1800 337 330
Email: info@buruenergy.com
Buru Energy Limited (ASX Code BRU, ASX 200) is a Western Australian oil and gas exploration and production company headquartered in Perth with an operational office in Broome. The Company's petroleum assets and tenements are located onshore in the Canning Basin in the southwest Kimberley region of Western Australia. Its flagship high quality conventional Ungani Oilfield project is owned in 50/50 joint venture with Mitsubishi Corporation. As well as Ungani, the Company's portfolio includes potentially world class unconventional gas and oil resources.
The company's goal is to deliver material benefits to its shareholders, the State of Western Australia, the Traditional Owners of the areas in which it operates, and the Kimberley community, by successfully exploring for and developing the petroleum resources of the Canning Basin.
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Drilling Progress Report - Ungani 3
PERMIT | The Ungani 3 appraisal well is located in production application STP-PRA-0004 in exploration permit EP 391 some 100 kilometres to the east of Broome. |
WELL LOCATION | Latitude: 170 59' 20.0" S Easting: 518470m Longitude: 1230 10' 28.0" E Northing: 8011035m |
BURU'S INTEREST | Buru Energy Limited holds a 50% interest in the well |
DATE OF PROGRESS REPORT | 06:00hrs, 15 January 2014 (AWST) |
PROPOSED TOTAL DEPTH | 2,340 metres |
CURRENT DEPTH | 103 metres |
PROGNOSED TIME TO COMPLETION | 35 days |
SPUD DATE | 14 January, 2014 |
DAYS SINCE SPUD | 1 day |
CURRENT TARGET FORMATION | The Ungani 3 well is targeting the Ungani Dolomite reservoir of the Ungani Field with a secondary objective in the overlying Grant Formation. |
OPERATIONS SINCE LAST PROGRESS REPORT | Drilling operations commenced at 17:30hrs 14 January 2014. (AWST). The well has now been drilled ahead to a measured depth of 103 metres. |
HYDROCARBON INDICATIONS | None - None expected. |
FORWARD OPERATIONS | Drill ahead to first casing point. |
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