The only news is basically what was set out in the acquisition announcement.
I have been keeping an eye on Buru Energy and they really have little to say on EP438.
Buru were to fund the acquisition of seismic and drill one well with KEY largely free carried. The last information I read was about seismic being acquired, in Sept 2011 I think it was completed.
There is no mention of any firm timetable for drilling, the well proposed is Cyrene #1 which is targeting 1 to 2mmbo.
The only news is basically what was set out in the acquisition...
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