DRILLING

Mixed news at Ungani North-1

Buru Energy says preliminary evaluation has confirmed a 44m oil column in the upper section of the Ungani Dolomite at Ungani North-1, but says vulgar porosity observed appears to be less well-developed at Ungani North-1 than at other Ungani locations.

It told the market this morning that analysis had indicated vulgar porosity along a 280m-plus section of the dolomite, but it appeared "less well-developed in this location". It said further testing...

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