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Canning Basin potential. Buru Energy's Ungani 2 well has...

  1. hitch19
    25 Posts.
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    17/04/14
    06:06
    Post #: 13261265
    Canning Basin potential.

    Buru Energy's Ungani 2 well has produced 74,000 bbls of oil since December.

    http://www.buruenergy.com/wp-content/sharelink/20140411-operations-update-75855444136798995.pdf

    Ungani 3 well still being tested. No wonder Apache farmed in.

    Petro China bought out Conoco's 29% and US Shale operator Hess liked the Canning Basin so much they bought the company to get their licences.

    This region is hot. Everyone wants a piece.

    Oh yeah and there's Cambay......
    OEX Price at posting: 9.8¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 11  Upvote
    lightbulb Created with Sketch.  Great analysis
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