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Burleson Energy Limited

ASX:BUR ISIN:AU000000BUR3

May 26, 2012

OVERVIEW | NEWS | MULTIMEDIA | RESEARCH

Burleson Energy Limited Company Summary

Burleson Energy Limited (ASX:BUR) has teamed with an experienced Texan oil and gas family (AKG Energy) in the drilling and potential development of hydrocarbons in one of the most valuable energy provinces of America.

BUR listed in May 2006 to acquire a 40% working interest in various oil & gas leases in Burleson County, Texas USA. The Burleson County Properties are located within the prolific Giddings Field area within the Austin Chalk and Georgetown oil & gas trends. Most wells drilled in recent years into the Austin Chalk formation, have discovered gas and condensate.

Late in 2006, BUR embarked on the second phase of asset acquisition by joining with AKG Energy, and major US company, Marathon Oil, to participate in Austin Chalk leases in the Champions area, Grimes and Montgomery Counties, Texas. Combined with some further Champions area leases and acreage in Brazos County - both held by AKG - the new projects provide BUR with at least 7 additional infill development drilling targets. BUR has a 17.5% working interest in these new leases.

BUR's portfolio now consits of a minimum of 25 drilling targets(including 9 firm wells at this stage) providing a continuous drilling programme of at least 18 months, which could extend to several years. Operator AKG is looking to secure a second rig to accelerate the programme.

DIRECTORS / OFFICERS

Mr Norman Zillman Non Executive Chairman Norman Zillman is a Geologist with a B.Sc (Geology) and B.Sc (Hons) (Botany) from the University of Queensland. He has 40 years experience in petroleum, coal and mineral exploration, development and production in Australia and internationally and establishing and developing several coal seam methane projects. Norm has occupied senior executive positions with Australian and international companies and the Queensland Department of Mines and Energy and State Mining Engineer for Petroleum. He has been involved in the listing and management of various ASX listed companies, including being a founding director of Queensland Gas Company Ltd, Planet Gas Ltd and Great Artesian Oil and Gas Ltd. Norm is currently a non-executive director of Enterprise Energy NL and Bandana Coal P/L and non-executive chairman of China Yunnan Copper Australia Ltd and Hot Rock Ltd.
Mr Michael Sandy Executive Director Michael Sandy is geologist with over 30 years experience in the resources and oil & gas industry. He holds a Bachelor of Science (Hons) majoring in geology from the University of Melbourne and is a member of the Petroleum Exploration Society of Australia and Institute of Company Directors (Aust). Michael Sandy is currently the principal of petroleum geologist consultants Michael J Sandy and Associates Pty Ltd who provide services to the oil & gas companies in Australia, USA and internationally. He commenced his career as a minerals geologist with various mining exploration companies as well as the Australian research organization, CSIRO. In 1982 he moved into petroleum geology initially with the PNG government and later with Oil Search and as a consultant to various oil and gas exploration companies. In 1994 Michael Sandy helped establish Novus Petroleum Limited and held various senior roles including Executive Committee, Business Development Manager and President of Novus USA.
Mr John McAlwey Non Executive Director John McAlwey is lawyer with over 40 years experience in the resources, finance and property sectors. He holds a Bachelor of Law from the University of Western Australia. John McAlwey operated his own legal practice J.B.McAlwey & Co and practised as a commercial lawyer for over 15 years. He has been involved in the establishment of numerous companies and businesses including the roles of chairman and director of a number of mining and exploration companies.
Mr Andrew Kugler, Jr Non- Executive Director Andrew Kugler is geologist with over 40 years experience in the oil & gas industry. He holds a Bachelor of Science Geology from Yale University (USA), a PhD in Geology from University of Tasmania and is a member of the American Association of Petroleum Geologists. Andrew Kugler is currently the President and CEO of AKG Energy, AKG Oil Company and AKG Operating Company who are involved in oil and gas exploration, development and operations in Texas and internationally. Although based in Austin, Texas since 1980, his companies have had offices in the US, Australia, and Papua New Guinea. Andrew Kugler has over 40 years of geological and geophysical experience both internationally and in the US. In 1974 he left Gulf Oil Company to enter the oil & gas industry as an independent. His companies and partners have drilled, or caused to be drilled wells both onshore and offshore in Australia and Papua New Guinea, and hundreds of wells in the onshore continental US.
Mr Khib Kugler Non Executive Director Mr Kugler graduated from The University of Texas with degrees in Geology and Business, and a graduate degree in Geophysics. He has over 25 years of geological and geophysical experience both internationally and in the US, including 8 years with Texaco. In 2001, Khib joined AKG as Vice President of Geology and Geophysics.

ANNUAL REPORT

PRESENTATIONS

COMPANY DATA

	Headquarters	Level 6, 9 Barrack Street

		Sydney, NSW, 2000

		Australia

	Telephone	+61-2-8252-6177

	Fax	+61-2-8252-6178

	Principal Sector	Energy

	Principal Industry	Energy

	Listed	22 May 2006

	Homepage	www.burlesonenergyltd.com/

Key Developments: Burleson Energy Limited

	Burleson Energy Limited (ASX:BUR) Heintschel Field Development Drilling Update MAR 26, 2012 10:45 - Article Views: 341 Burleson Energy Limited (ASX:BUR) advises that all four of its producing wells are back on line following disruptions to Heintschel #1 and Joann #1, which extended into January 2012.

	Burleson Energy Limited (ASX:BUR) Letter To Shareholders Regarding Placement And Fully Underwritten Rights Issue MAR 11, 2011 14:27 - Article Views: 1,113 Burleson Energy Limited (ASX:BUR) announced (3 March 3011) a two part capital raising, involving a Placement and Rights Issue. The Placement and fully underwritten Rights Issue were arranged by Lead Manager, Patersons Securities Limited.

	Burleson Energy Limited (ASX:BUR) Announce Increased Resource Estimates On Heintschel Field MAR 10, 2011 09:05 - Article Views: 1,583 Burleson Energy Limited (ASX:BUR) is pleased to advise that based on the results of the two recently drilled Heintschel field appraisal wells (D. Truchard #1 and Heintschel #2), Burleson Energy's US partner and operator, AKG Energy, has re-calculated the volume estimates for gas and condensate in the Heintschel field resulting in substantial increases.

	Burleson Energy Limited (ASX:BUR) Rights Issue Update MAR 7, 2011 13:36 - Article Views: 1,062 Burleson Energy Limited (ASX:BUR) provides the following proposed timetable to shareholders regarding the renounceable rights issue and also advises shareholders that it is the intention of the Board of directors to participate in the Rights Issue with Managing Director Michael Sandy taking up his entire entitlement and Chairman Norm Zillman taking up his entire entitlement as well as up to an additional A$400,000 worth of Burleson shares from any shortfall under the Rights Issue.

	Burleson Energy Limited (ASX:BUR) Announce Capital Raising and Company Update MAR 3, 2011 10:40 - Article Views: 1,280 Burleson Energy Limited (ASX:BUR) (PINK:BENGF) today announced a two part capital raising, involving a placement and rights issue.

	Burleson Energy Limited (ASX:BUR) Heintschel No. 1, Heintschel No. 2 And D.Truchard No.1 All Connected To Sales FEB 23, 2011 09:45 - Article Views: 1,006 Burleson Energy Limited (ASX:BUR) (PINK:BENGF) is pleased to advise that the Heintschel #2, a step-out development well on the Heintschel field, was connected on 19 February 2011 (Texas time) to a sales pipeline and has been producing gas and condensate at commercial rates. A further release will be made once the flow rates have stabilised.

	Burleson Energy Limited (ASX:BUR) Connecting Wilcox Wells To Sales FEB 11, 2011 13:39 - Article Views: 1,006 Burleson Energy Limited (ASX:BUR) advise that the D Truchard #1, a step-out appraisal well on the Heintschel field, was connected on 8 February 2011 (Texas time) to a sales pipeline and has been producing gas and condensate at commercial rates.

	Burleson Energy Limited (ASX:BUR) Announce Initial Flow Back Results For Two Heintschel Wells FEB 2, 2011 10:41 - Article Views: 971 Burleson Energy Limited (ASX:BUR) (PINK:BENGF) is pleased to advise that the initial flow back testing phase has been completed for the D.Truchard #1 and Heintschel #2 wells, with both wells testing at commercial rates. Stabilised flow rates have not yet been achieved however both wells flowed gas at rates of between 1 and 1.7 million cubic feet of gas per day plus 20 to 60 barrels of condensate.

	Burleson Energy Limited (ASX:BUR) Two Heintschel Wells Successfully Fracced JAN 27, 2011 10:09 - Article Views: 859 Burleson Energy Limited (ASX:BUR) advise that the D.Truchard #1 and Heintschel #2 appraisal/development wells on the Heintschel field have been fracced, as planned, on 24 and 25 January (Texas time), respectively.

	Burleson Energy Limited (ASX:BUR) Two Heintschel Wells To Be Fracced And Completed For Production JAN 19, 2011 09:51 - Article Views: 787 Burleson Energy Limited (ASX:BUR) is pleased to advise that preparations are underway for fracture stimulation (fraccing) of the two recently drilled wells on the Heintschel field: D Truchard #1 and Heintschel #2.