Junior oil explorer Buru Energy Limited
(ASX:BRU) has started drilling operations at the Ungani North-1 well in the onshore Canning Basin in Western Australia.
The Ungani North-1 well, is the fourth to be drilled by the Buru-Mitsubishi Corporation joint venture.
Buru and Japanese company Mitsubishi hold a 50 per cent interest in the well and both contribute equally to costs.
Reports from the latest drilling are expected to be provided to the ASX each Thursday, subject to any material events occurring in the meantime.
Buru was applauded for an oil discovery it made at the end of last year with reports claiming at the time it was Western Australia’s most significant onshore oil discovery in 10 years.
In the first half of the 2012 financial year Buru Energy reported a net loss of $5.2 million.
