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.
Burleson Energy Limited
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%.
FINANCE VIDEO: Burleson Energy Limited (ASX:BUR) Managing Director Michael Sandy Presents To Sydney Capital Markets at Investorium.tv
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.
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) 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
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) 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) 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) (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
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) 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.