(MENAFN - ProactiveInvestors - Australia) Buru Energy (ASX: BRU) has completed drilling of the Asgard-1 well in the onshore Canning Basin and will moving the rig to complete the Ungani North-1 well.
The company was unable to obtain the planned full log suite " including wireline pressure and sample measurements " due to deteriorating hole conditions though the logs that were obtained indicated gas saturations over the extent of the Laurel section in tight sands, silts and limestones.
A limited set of rotary sidewall cores was also obtained where gas was noted to be bleeding from the cores from the section close to total depth as well as those from the top of the Laurel Formation.
Buru is currently running casing on Asgard-1 before suspending it for further evaluation. Once this is completed, it will move the Ensign Rig 32 to complete Ungani North-1.
Operations at Ungani North-1 will consist of drilling out the cement plugs used to suspend the well, running back to the previous total depth and then drilling into the predicted reservoir.
This includes provision for ensuring the shale above the predicted Ungani Dolomite reservoir that gave operational difficulties in both Ungani-1 and Ungani-2 is behind casing prior to drilling through the predicted reservoir section.
Ungani North-1 has a high chance of success and potential to contain large volumes of oil if hydrocarbons are present.