Burleson Energy Limited ASX: BUR - Current Drilling Progress and Forward Plans - Mr Mike Sandy, Executive Director
Sydney, June 1, 2007 (ABN Newswire) - Burleson Energy Limited (ASX: BUR) - Current Drilling Progress and Forward Plans - Mr Mike Sandy, Executive Director; Boardroomradio is pleased to announce that Burleson Energy Limited (ASX: BUR) has published an audio file. The following presentation "Current Drilling Progress and Forward Plans" is now available as an instant audio download to your computer. You may also transfer this information to your listening device as an IPod podcast.
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Broadcaster: Burleson Energy Limited (ASX: BUR)
Broadcast Title: Current Drilling Progress and Forward Plans
Broadcast Type: Audio stream
View the Audio stream for Burleson Energy Limited (ASX: BUR) below.
Burleson Energy Ltd (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.
