Burleson Energy Limited

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Burleson Energy Limited Company Summary

Burleson Energy Limited (ASX:BUR) is an Australian publicly-listed company, focused on drilling and developing hydrocarbons in the Gulf Coast region of Texas, one of the most prolific energy provinces in the United States. We have aligned with quality US partners such as the experienced and family-owned AKG Energy to target conventional reservoirs – mainly Wilcox sandstone – using low-cost vertical wells in areas such as Colorado County, Texas. With an 83% exploration drilling success rate since 2006, Burleson Energy has moved into development and production as well as exploration. We discovered and brought two fields onto production in 2010. One of these, Heintschel, is large with an independent audit estimating dry gas in place for the whole field at 111 Bcf plus 9.2 mmb of hydrocarbon liquids (condensate plus natural gas liquids (NGL)). AKG and BUR believe it could recover more than 160 Bcf plus liquids. A horizontal well, Truchard #2H, spudded on 8 June 2012. Burleson has an 83.5% working interest in it. We believe this will be the first in a series of horizontal wells to develop the field. We are also generating a development plans for the field. We have four producing wells - Heintschel #1 and #2, Truchard #1 (on the Heintschel Field) and Joann #1 (on the Joann Field) - which currently generate revenue for the company. Burleson Energy has numerous exploration targets across 26,000 acres, and our working interest in these prospects ranges from 36 to 75%.

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/

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Key Developments: Burleson Energy Limited

	Burleson Energy Limited (ASX:BUR) Video Investor Presentation at Investorium.tv JUNE 21, 2012 10:55 - Article Views: 1,453 Burleson Energy Limited (ASX:BUR) advises that a video presentation given by the Company's Managing Director Michael Sandy at an Investorium event in Sydney on 13 June 2012 is now available on Burleson's website.
	FINANCE VIDEO: Burleson Energy Limited (ASX:BUR) Managing Director Michael Sandy Presents To Sydney Capital Markets at Investorium.tv JUNE 15, 2012 12:59 - Article Views: 5,783 FINANCE VIDEO: Burleson Energy Limited (ASX:BUR) Managing Director Michael Sandy presented live to Sydney Capital Markets at Investorium.tv, regarding Burleson's Heintschel and future projects.
	Investorium.tv | New Demands For Energy - Live Webcast from the Basement in Sydney June 12 JUNE 12, 2012 10:57 - Article Views: 3,101 June 12, 2012 from 4:45PM will offer Investors an array of Key Investments in the Energy sector. Energy is becoming an increasingly important and strategic asset. 4 Companies will present various energy sources and solutions, and an array of energy assets from domestic to offshore. A power packed evening of exciting energy investment opportunities, with the management talent to deliver on promise.
	Burleson Energy Limited (ASX:BUR) Heintschel Field Development Drilling Update MAR 26, 2012 10:45 - Article Views: 1,186 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: 1,897 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: 2,602 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: 1,561 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: 1,766 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: 1,735 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: 1,522 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.

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