The drilling is a part of the company’s 2015 exploration program on the Ungani trend in Western Australia’s Canning Basin.
Buru Energy plans to drill the well to a maximum total depth of 1,200m using the DDH1 Rig#31. The drilling work is expected to be completed in 28 days.
The well will target conventional oil and gas in the Lower Laurel, known as Ungani Dolomite, and Devonian aged, known as Nullara, carbonates.
The company estimates the Senagi prospect, which is a structural closure defined its 2014 regional aerogravity surveys, to have approximately 100m of vertical relief at the initial target depth of around 800m drill depth.
The well is located about immediately up dip from the mineral exploration well Camelgooda 1, which encountered vuggy carbonate reservoirs in the Laurel Formation and Nullara equivalent sections with strong oil shows in drill cores.
Buru said that the Senagi 1 well targets the up dip extension of these high quality oil stained reservoirs.
Buru Energy executive chairman Eric Streitberg said: "The drilling of Senagi 1 will extend Buru Energy’s exploration of the oil prone Ungani trend reservoirs a further 60km to the southeast from the currently drilling Victory 1 well, and represents another high quality test of this exciting and underexplored part of the basin.
"If successful, Senagi has the potential to be a substantial oilfield and it will also open up further drilling opportunities in a number of similar structures."
Buru Energy holds 37.5% equity stake in the well while Mitsubishi and Rey Resources own 37.5% and 25% equity interests stake.
