From BRU's report today:Cyrene 1This well is being drilled in...

From BRU's report today:

Cyrene 1
This well is being drilled in the EP 438 permit by Key Petroleum as operator for the well, and is targeting a conventional oil target in the Willara Formation carbonates and also the overlying section of Goldwyer Shale which has unconventional prospectivity for oil and wet gas. The Goldwyer Shale is present, regionally extensive, and has been penetrated by a number of wells on Buru’s permits. The Goldwyer is in the oil window at the Cyrene location and in the wet gas window in other areas of Buru’s permits where it is buried deeper than at the Cyrene location.
The Cyrene 1 well has encountered the Goldwyer Shale close to prognosis and the coring program has been completed. The cores have confirmed the character and prospectivity of the Goldwyer Shale along the northern flank of the Kidson sub-basin in Buru’s permits.