FINANCE VIDEO: Managing Director Michael Sandy Presents To Sydney Capital Markets at Investorium.tv
Michael Sandy is a geologist with more than 35 years' experience in the resources 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 the Australian Institute of Company Directors.
He is the principal of consultants Michael J Sandy and Associates Pty Ltd, which provides services to energy 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 organisation, 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 helped establish Novus Petroleum Limited and held various senior roles including executive committee member, Business Development Manager and President of Novus USA, the latter based in Houston, until Novus was taken over in 2004. He is a non-executive director of three ASX-listed energy companies, Caspian Oil & Gas Limited (ASX:CIG), Tap Oil Limited (ASX:TAP) and Hot Rock Limited (ASX:HRL).
To view the Burleson Energy presentation at Investorium.tv, please visit:
About Burleson Energy Limited
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%.
Burleson Energy Limited