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Welcome to Burleson Energy Limited
Overview
- Company listed May 2006.
- Teamed with an experienced Texan oil family who own BUR shares and have a board seat.
- Interests in oil and gas leases covering approximately 25,000 acres in four Texas Counties.
- Focused on drilling low risk development and appraisal wells in an existing field.
- Targeting, using horizontal drilling, fractured chalk reservoirs in the prolific Austin Chalk trend.
- 25 drilling targets identified with more leases and targets being acquired
New Project
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In July 2008 agreed to participate in a 3D seismic survey in a non-chalk area,
- Will generate a large number of targets of various sizes for drilling in 2009
Results
- Commenced drilling April 2007
- First well YPU#1 a success - on gas and condensate production during July 2007
- The second well Rocket #2H a success - on gas production November 2007
- Third well Jet Unit #3 a success - on gas production January 2008
- Fourth well Marlin #1 a success - on gas production March 2008
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Fifth well Marlin #2 spudded 7 July 08 and put to sales line 25 September 2008.