Buru Energy Limited (Buru, Company), on behalf of the Rafael Shallow Joint Venture is pleased to provide an operational update on the drilling of the Rafael Shallow 1 well, located in EP 428 in Western Australia鈥檚 onshore Canning Basin.
Current Operations
Following the spud of the well on 9 October 2024, as at 06:00 am WA time on 14 October, drilling is proceeding to plan at 487 metres measured depth (mRT1) in a 12-1/4鈥� hole.
Forward Plan
The 12-1/4鈥� hole section is expected to reach section Total Depth (TD) at ~710mRT1 at which point the 9-5/8鈥� casing will be run to allow installation of the Blow Out Preventers (BOP鈥檚) to allow entry into the target reservoir in an 8-1/2鈥� hole.
The Rafael Shallow Joint Venture consists of Buru as operator with a 75% joint venture interest in the Rafael Shallow 1 well and Twinsouth Holdings Pty Ltd and Jingie Investments Pty Ltd holding a 15% and 10% joint venture interest respectively in the well.
Authorisation
This ASX announcement has been authorised for release by the Chair of Buru Energy.