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Highlights
- Rafael Shallow 1 drilling making steady progress in Western Australia.
- Buru Energy leads the operation with a strong joint venture backing.
- The well aims to reach critical target depth within the month.
Buru Energy Ltd (ASX:BRU) is advancing steadily with the drilling of its Rafael Shallow 1 well, located in EP 428 of Western Australia’s onshore Canning Basin. This well is part of the Rafael Shallow Joint Venture, which is exploring the potential of deeper reservoirs in the area.
The company reported that since spudding the well on October 9, 2024, drilling operations have reached a depth of 487 metres (mRT1). This marks the completion of a 12-1/4” section of the well. According to Buru, the next objective is to extend the 12-1/4” hole section to a depth of approximately 710 metres. Once this depth is achieved, a 9-5/8” casing will be installed to secure the wellbore, and Blow Out Preventers (BOPs) will be put in place to ensure safe entry into the deeper target reservoir.
The well, located in Western Australia’s Canning Basin, is targeting reservoirs within the Poole Sandstones and Grant Formation. These formations are found at depths ranging from 750 metres to 1,250 metres, and drilling will continue using the Silver City Drilling Rig 24. The operation is expected to conclude later this month as Buru aims to reach the target depth and assess the potential of the reservoirs.
Buru holds a 75% stake in the Rafael Shallow 1 project as the operator, while its partners Twinsouth Holdings Pty Ltd and Jingie Investments Pty Ltd hold 15% and 10% interests respectively. This joint venture aims to explore and evaluate the production potential of hydrocarbons in the region.
With the drilling proceeding as planned, Buru Energy is optimistic about achieving the next milestones in the Rafael Shallow 1 project. As the operation moves closer to completion, the well’s results could provide valuable insights into the region’s hydrocarbon prospects.
