Welcome to Burleson Energy Limited
Burleson Energy (ASX: BUR) is an Australian publicly-listed gas and condensate exploration and production company, with projects onshore Texas.
Assets
• Quality aligned US partners
• Onshore focus – Colorado County, Texas
• Acreage covered by new 3D seismic
• Conventional reservoirs (Wilcox sandstone)
• Low-cost vertical wells
• 36-75% interest in 26,000 acres
• Two fields on production:
- Heintschel (38% WI)
Independent reserves audit completed
2.5mmboe net to BUR's WI
- Joann (39.4% WI)
• Numerous exploration prospects
• 83% exploration drilling success rate since 2006
Key upcoming plans
1st Quarter 2012: Horizontal development well to spud
1st Half 2012: Heintschel field development plan