BRU 2.22% 4.6¢ buru energy limited

Twiggy... sitting in the background., page-180

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    Given the decision on U3 sidetrack:

    This detailed review has confirmed the overall drilling program budgeted cost estimate of $9.5 million, but has also identified a number of potential operational complications with the originally planned sidetrack of the Ungani 3 well.

    From this detailed drilling cost and risk analysis it is apparent that drilling a new vertical well bore (Ungani 5) adjacent to the Ungani 3 well is the preferred route to test the Ungani East fault block. The reservoir intersection location for Ungani 5 is planned to be some 100 metres from the reservoir intersection in the Ungani 3 well and is more optimally located compared to the location that was planned for the sidetrack.


    considering the reduced cost do you now think it would also make sense from a technical POV to drill a new well bore adjacent to Victory, given they originally ruled out a sidetrack at the time?
    Last edited by CEOChair: 16/09/17
 
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