Operator of the Rafael Shallow Joint Venture Buru Energy Ltd (ASX:BRU, OTC:BRNGF) is moving ever closer to achieving its drilling objectives at the Rafael Shallow 1 exploration well in Western Australia’s Canning Basin.
Read: Buru Energy spuds Rafael Shallow 1, first Canning Basin well since 2021
Making good progress
The company reported that the 12-1/4-inch hole reached the planned total depth of 712 metres measured depth (mRT) on October 15.
Drilling operations have since progressed at a cracking pace, with the rig running the 9-5/8-inch casing to a depth of 220 metres as at 08:00 on October 16.
Looking ahead, Buru Energy will proceed with the installation of the wellhead and blow out preventers (BOPs) before drilling the next section of the well.
Next steps
The next phase involves drilling an 8-1/2-inch hole through the target reservoirs, a key step in determining the well's potential.
The joint venture consists of Buru Energy as the operator, holding a 75% interest, alongside joint venture partners Twinsouth Holdings Pty Ltd with 15% and Jingie Investments Pty Ltd with 10%.
