Buru Energy Limited
ABN 71 130 651 437
Level 2, 97 William Street
Perth, Western Australia 6000
PO Box 7794, Perth
Cloisters Square WA 6850
Ph: 61-8 9215 1800
Fax: 61-8 9215 1899 www.buruenergy.com
ASX ANNOUNCEMENT (ASX: BRU) 27 January 2012 WEEKLY DRILLING PROGRESS REPORT VALHALLA NORTH-1
Buru Energy Limited ("Buru" or "Company") provides the
following weekly update on drilling operations at the
Valhalla North-1 well as at 06:00hrs, 27 January 2012
(AWST).
The Valhalla North-1 well is the fifth well in the Buru -
Mitsubishi Corporation ("MC") Joint Exploration Program in
the Canning Superbasin that commenced in June 2011. Buru and
MC each have a 50% interest in the Valhalla North-1 well and
in EP 371, with MC contributing 80% of the cost of the well
under the terms of its farm-in agreement with Buru. The
Valhalla North-1 well is being drilled by Ensign Rig #32 to a
planned total depth of 3,400 metres. It is expected to take
38 days to drill on a cased and completed
basis.1
Since the commencement of drilling operations on 17 January
2012, Valhalla North-1 was drilled ahead in 17½" hole to a
measured depth of 548m and 13