Buru Energy : Weekly Drilling Report - Adoxa 1

ASX Announcement

13 August 2019

Adoxa 1 - Weekly drilling report

Buru Energy Limited (Buru Energy) provides the following update on operations at the Adoxa 1 exploration well as at 0600 hours Tuesday 13 August 2019.

Since the last report on Thursday 8 August 2019, the well has been drilled ahead in 152 mm (6 inch) hole from 1,916 metres to total depth of 2,300 metres. No further significant hydrocarbon (oil) shows were encountered.

The current operation is running wireline logs to total depth to evaluate the significance of

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the hydrocarbon indications encountered in the well.

The weekly drilling progress report for the well is attached.

Visit www.buruenergy.comfor information on Buru Energy's current and future activities.

For investor inquiries please contact Buru Energy:

Telephone: [phone]

Freecall: 1800 337 330

Email: [e-mail]

Qualified Petroleum Resources Evaluator Statement

Except where otherwise noted, information in this release related to exploration and production results and petroleum resources is based on information compiled by Eric Streitberg who is an employee of Buru Energy Limited. Mr Streitberg is a Fellow of the Australian Institute of Mining and Metallurgy and the Australian Institute of Company Directors, and a member and Certified Petroleum Geologist of the American Association of Petroleum Geologists. He has over 40 years of relevant experience. Mr Streitberg consents to the inclusion of the information in this document.

1

Level 2, 16 Ord St West Perth WA 6005

1800 337 330

[e-mail]

ABN 71 130 651 437

Weekly Well Operations Report - Adoxa 1

			The Adoxa 1 well is located in Exploration License EP428 in the
	Permit		Canning Basin of northwestern	Western Australia. The well is
		located 120 kms east of Broome and 20 kms northeast of the
			Ungani oilfield.
	Well Surface Location		Latitude: 17° 55' 44.6641"S	Northing: 8,017,628 mN
		Longitude: 123° 20' 34.9175"E	Easting: 536,329 mE
	Buru Energy's Interest		Buru Energy Limited holds a 50% interest in the well and in EP428
		and is the operator of the permit and the well.
	Date of Progress Report		13 August 2019 (AWST)
	Current Depth (Total Depth)		2,300 metres
	Commencement Date		24 July 2019
	Days Since Commencement		20 days
			The objective of the well is conventional oil in potentially stacked
			Reeves Formation clastic reservoirs in a similar section to where oil
	Target Formation		was recovered at the Ungani Far West 1 well. The Anderson
			Formation clastic reservoirs are a deeper secondary conventional oil
			target.
	Operations Since Last Progress		Since the last report on Thursday 8 August 2019, the well has been
		drilled ahead in 152 mm (6 inch) hole from 1,916 metres to total
	Report
		depth of 2,300 metres.
	Hydrocarbons Indications		No further significant hydrocarbon (oil) shows were encountered
		since the last report on Thursday 8 August 2019.
			The current operation is running wireline logs to total depth to
	Forward Operations		evaluate the significance of the hydrocarbon indications
			encountered in the well.

2

Level 2, 16 Ord St West Perth WA 6005

1800 337 330

[e-mail]

ABN 71 130 651 437

3

Level 2, 16 Ord St West Perth WA 6005

1800 337 330

[e-mail]

ABN 71 130 651 437