viewBuru Energy Ltd

Buru Energy on schedule with Ungani 6H well drilling program

Buru Energy Ltd (ASX:BRU) executive chairman Eric Streitberg updates Proactive Investors on a drilling program just begun with a new rig in a new area at its Ungani 6H well.
Drilling has reached two-thirds the way down the first well and is due to be complete within the next week, with Buru expecting to finish the drilling program by the end of June. 
Streitberg said the company was drilling horizontally in the program rather than straight down as usual, enabling better results and potentially doubling production.

Quick facts: Buru Energy Ltd

Price: 0.09 AUD

Market: ASX
Market Cap: $38.89 m

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on 14/9/20

2 min read