Western Australian focused oil and gas company Buru Energy (ASX:BRU) is pleased to provide the following update on its Canning Basin drilling operations.
well Since the last report the 7 inch (178 mm) casing string has now been installed to a measured depth of 2,350 metres and successfully pressure tested. This was the last drilling operation on the well and the Ensign 963 drilling rig was released from the well at 12:00 on Sunday 8 August 2021.
Operations to relocate the rig to the Rafael 1 site are now in progress and drilling operations at Rafael are expected to commence in two to three weeks’ time. Preparations for testing of the Currajong 1 well will now be progressed including required Joint Venture and regulatory approvals.
Ungani 8 well
All Joint Venture approvals for the drilling of the Ungani 8 well have now been received for the well to be drilled at the conclusion of the Rafael 1 well. Further details on the well design and objectives will be provided in due course.
A Notice of General Meeting was provided on 6 August for an ad hoc meeting of shareholders with the sole purpose of shareholder ratification of the prior issue of shares last May. The meeting will be held at the Company’s office on Thursday, 23 September 2021 at 10.00am (AWST). Proxy forms and documentation have been despatched today and shareholders are encouraged to vote online by logging in to the Link website using the holding details as shown on the Proxy Form, or by mailing in their Proxy Form to the address shown on the Proxy Form. Physical attendance at the meeting is not encouraged due to capacity limitations. There will not be any company presentation and refreshments will not be available.