Buru Energy found oil at the Ungani Far West 1 well in production license L21 in Western Australia. An oil sample taken at a 5,118-ft depth from the top of the Anderson formation, and pressure data interpretation, indicate that the well holds a potential oil column of at least 45 ft and net pay of about 16 ft. Buru, the operator, and Diamond Resources (Fitzroy), a subsidiary of Mitsubishi, each hold a 50% equity interest in the well.
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