Buru Energy (ASX:BRU)
Ensign 963 mast lowering for move to Ungani 8 Source: Buru Energy
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Buru Energy (BRU) has seen the rig released from the Rafael 1 well in Western Australia
  • Rafael 1, jointly held by Buru Energy and Origin Energy, was run with 114 millimetres of tubing, set inside a seven-inch casing
  • The rig was released at midnight on December 2 and is currently being mobilised to the Ungani Oilfield, with the Ungani 8H well expected to spud just before Christmas
  • The company anticipates it will be several days before the well site drilling equipment has been cleared from the wellhead and the trial equipment mobilised to site, with testing expecting to begin in mid-December
  • Buru Energy last traded at 18 cents on December 3

Buru Energy (BRU) has seen the rig released from the Rafael 1 well in Western Australia.

Rafael 1 is located in the Canning Basin in the northwest of Western Australia and is jointly held by Buru Energy and Origin Energy.

Buru reported that 114 millimetres (mm) of tubing has been run and set inside the seven-inch casing. The 114mm tubing string was run instead of a previously proposed roughly 60mm string to offer operational flexibility and minimise the potential for wellbore restrictions to flow.

The interpreted Ungani Dolomite reservoir section below the seven-inch casing shoe at 3868 metres has been left uncased to maximise the flow potential of the interpreted reservoir section.

The rig was released at midnight on December 2 and is currently being mobilised to the Ungani Oilfield, with the Ungani 8H well expected to spud just before Christmas.

The company said it expects it will be several days before the well site drilling equipment has been cleared from the wellhead and the test equipment mobilised to the site.

The production test is expected to begin in mid-December, with timing subject to the weather and COVID restrictions on staff who are interstate.

The test program is scheduled to take around one week, with a series of flow periods and shut-ins planned to determine reservoir parameters.

The results of the test are expected shortly after it has been completed, and the data has been analysed.

Buru Energy last traded at 18 cents on December 3.

BRU by the numbers
More From The Market Online

Listen: HotCopper Wire CY25 Wrapped – Looking back at Invictus, Kaili, DRO, and more

In the first half of the HotCopper Wire‘s CY25 end-of-year special, Isaac McIntyre and Jonathon Davidson look back over the year that was
The Market Online Video

ASX Market Open: Aimless day for Aussie bourse again; Wall Street tech falls | Dec 18

ASX today – We may well end W51 without much of anything changing, considering Australian shares…

ANZ bigwigs attempt to navigate second shareholders ‘strike’ over pay report

ANZ Group is closing out CY25 with one last voting scrap among its shareholders, with a…
Work operations being built at Yoquivo by Advance Metals team.

Ready to roll: Advance expecting Yoquivo results rush to start in early January

Advance Metals is fast-approaching a busy period for reporting, with the explorer expecting a whole heaping…