Ann: Cyrene-1 Update of EP438 Activities , page-7

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 776 Posts.
    Looks like you've got your wish Redbeard.

    Nice announcement by BRU.

    "This well is being drilled in the EP 438 permit and is targeting a conventional oil target in the Willara Formation carbonates, with an overlying section of Goldwyer Shale having unconventional prospectivity.
    The conventional target in this well has the capacity to hold in the order of 5 million barrels of recoverable oil, if hydrocarbons are present. Importantly, the conventional play type being targeted in this well is interpreted as being extensive throughout the area based on seismic and historical wells data. A success at Cyrene 1 provides a strong likelihood that a regional conventional oil play may be able to be developed.
    The unconventional target in this well is a 135 metre thick section of the Goldwyer Shale. The Goldwyer is present, regionally extensive, and has been penetrated by a number of wells on Buru’s permits. The Goldwyer is interpreted to be in the oil window at the Cyrene location, with nearby wells having good oil shows in the section. The Goldwyer is also in the wet gas window in other areas of Buru’s permits where it is buried deeper than at the Cyrene location. The EP 438 joint venture will be undertaking an extensive coring program to provide a full suite of modern data for analysis and evaluation of the Goldwyer at this location."
 
watchlist Created with Sketch. Add BRU (ASX) to my watchlist
(20min delay)
Last
4.4¢
Change
-0.002(4.35%)
Mkt cap ! $54.37M
Open High Low Value Volume
4.5¢ 4.5¢ 4.4¢ $27.74K 617.2K

Buyers (Bids)

No. Vol. Price($)
2 473836 4.4¢
 

Sellers (Offers)

Price($) Vol. No.
4.5¢ 377778 2
View Market Depth
Last trade - 14.50pm 18/11/2024 (20 minute delay) ?
BRU (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.