lawford 1 deepening

From Page 9 of Buru Energy's presentation dated 16th August 2011

Deepening the Lawford-1 well drilled by New Standard Energy in 2008 to test the Laurel Formation play
Target
? The upper part of the prospect was drilled by New Standard in 2008 but the well was suspended at 1,323m, above the Laurel Formation objective, due to weather issues
? Potential for large volumes of conventional gas and an important test of the regional Laurel Formation unconventional potential
? Will be deepened by Rig #7 to a total depth of 2,600m and is expected to take 13 days on a dry hole basis
Operatorship
? Buru will operate the well for the joint venture under a delegation from New Standard
Success case
? A conventional gas discovery will need to be of very significant size to justify a stand alone development but will open up a very large play fairway in the area
? A confirmation that the Laurel Formation unconventional play extends to this area will be of basin wide significance
Buru interest
? Lawford-1 is located in EP 417 in which Buru has a 35% interest and New Standard has a 65% interest
? Green Rock Energy Limited has a right to earn up to a 20% interest from New Standard?s interest

link http://buruenergy.com.au/getfile/419.pdf

My comment, This could be really amazing. Well must be starting soon.
good luck
omg