(MENAFN- ProactiveInvestors - Australia) Buru Energy (ASX BRU) has spudded an appraisal well at the limits of the mapped structure closure of the Yulleroo wet gas structure in the onshore Canning Basin.
Yulleroo 4 will test the extent of the gas column in this part of the accumulation and is expected to confirm Buru's interpretation that the Yulleroo field is part of a geographically extensive basin centred gas accumulation extending beyond the mapped structural closure.
If this is proven, the Yulleroo area has the potential to hold multi trillion cubic feet of gas.
The well will also help define the extent and potential recoverable volumes of gas from the conventional 3,200m sand identified in Yulleroo 3.
Yulleroo 4 is the first well in the Buru â€" Mitsubishi Corporation 2013 drilling program.
It is located about 80 kilometres east of Broome and 8 kilometres from the Great Northern Highway along the all-weather Yulleroo access road.
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