(MENAFN- ProactiveInvestors - Australia) Buru Energy (ASX:BRU) has completed wireline logging of the Ungani North 1 well in the Canning Basin in Western Australia and run the 7 inch casing to a total depth that will allow future evaluation and testing.
The Ungani North 1 well was the fourth well to be drilled by the Buru-Mitsubishi Corp joint venture this year.
The well is located in permit EP 391, about 100 kilometres to the east of Broome and six kilometres north of the Ungani production facility.
The Ungani North -1 well was to target a 30 million barrel of oil structure similar to but separate from the Ungani field.
It is one of the better defined prospects on the Ungani Trend and while it holds the potential to be developed, it would not affect the prospectivity of the larger Ungani field, should it be found unproductive.
Besides the primary target Ungani Dolomite, the well will also test a further zone of interest in the Nullara section below the prognosed Ungani Dolomite that had good oil and gas shows but poor reservoir development at the Ungani-1 location.
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