Buru Energy has identified and appraised a world scale tight wet gas resource that potentially offers long term energy security to Western Australia, significant contribution to Australia’s GDP and socio-economic and employment opportunities for people and businesses in the local and regional community.
The gas is hosted by the thick (+2,000m) Laurel Formation and at depths from 2,000 m to 5,000 m or more below the surface. As the host rocks have low porosity and permeability, the extraction of the gas requires hydraulic stimulation or fraccing to achieve commercial flow rates. Buru Energy has 100% of the Laurel Formation tight wet gas resources in the Northern and Western provinces of the Canning Basin. The most well defined of these prospects is Yulleroo, a gas field that has appraisal drilling, fraccing and certified resource volumes. Buru has also identified a number of large conventional and unconventional prospects in the Central and Northern provinces.
A technical description of the Laurel Formation accumulation can be found here.
The forward program includes the continued appraisal of the Yulleroo gas resource and drilling conventional gas exploration prospects during 2018/19.