(L6/L8 – Buru Energy 100%)
The Blina Oilfield remains shut-in while further technical evaluation is undertaken. Production testing and pressure data obtained in 2019 has indicated that there may be considerable conventional oil resources remaining in the field. Further activity to verify this will be undertaken at an appropriate time in the 2021 operating season.
(EP 391 & EP 436 – Buru Energy 100%)
The Yulleroo Gasfield Area was excluded from the Origin Energy farm-out transaction and the Company has retained the contractual rights to a four graticular block area which contains a significant independently certified gas resource. The Yulleroo Gasfield is defined by a 3D seismic survey and four wells, one of which has been successfully fracture stimulated, and two other completed wells that are available for further testing and possible production.