logo-loader
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: 0.21 AUD

ASX:BRU
Market: ASX
Market Cap: $90.74 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Buru Energy Ltd named herein, including the promotion by the Company of Buru Energy Ltd in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Buru Energy preparing to mobilise to drill the Adoxa 1 exploration well

Buru Energy Ltd (ASX:BRU) executive chairman Eric Streitberg talks to Proactive Investors about overcoming challenges with a drilling rig and some of the geology on the Ungani Oilfield onshore WA, to move forward positively.   Streitberg says while they had some issues, the joint...

on 11/7/19

2 min read