Burley Minerals Ltd

Burleson Energy Limited (ASX:BUR) advises that the D.Truchard #1 well is currently drilling ahead at 11,460 feet (3,493m). The D.Truchard #1 well is the first appraisal well on the broader Heintschel structure and is located some 2.9km from Heintschel #1, which is currently on gas and condensate production.

Burleson Energy Limited (ASX:BUR) is pleased to announce that it has acquired a 36% Working Interest (27.18% Net Revenue Interest) in attractive new Wilcox prospects known collectively as the "Hill Prairie Bell Project" and encompassing a total of ~ 700 acres (283 hectares) in Colorado County, approximately 12 kilometres southwest of our 119 square mile 3D seismic (CC3D) project area.

Burleson Energy Limited (ASX:BUR) advises that the D.Truchard #1 well is currently drilling ahead at 5,732 feet (1,747m). The D.Truchard #1 well is the first appraisal well on the broader Heintschel structure and is located some 2.9km from Heintschel #1, which is currently on gas and condensate production.

Burleson Energy Limited (ASX:BUR) is pleased to advise that the D.Truchard #1 well, the first appraisal well on the broader Heintschel structure, has been spudded using the Big 6 drilling rig.

Burleson Energy Limited (ASX:BUR) is pleased to release Chairman's address at 2010 Annual General Meeting.

Burleson Energy Limited (ASX:BUR) is pleased to advise that a rig has been contracted to drill two wells and is expected to be moved onto location on 18 November 2010, with the first well spudded shortly thereafter. This rig performed well in drilling the 3 Wilcox wells (Heintschel #1, Moeller #1 and Joann #1) earlier in the year.

Burleson Energy Limited (ASX:BUR) advises that the Heintschel #1 fracture stimulation (frac) has been successful, and the well has been flowing hydrocarbons to sales over the past 71+ hours. During this time the well has cleaned up significantly and the flow rates of both gas and condensate have increased steadily. The wellhead flowing pressures have also stabilised at about 2775 psi during this period indicating the Heintschel #1 is a strong well with good reservoir permeability.

Burleson Energy Limited (ASX:BUR) is pleased to advise that the fracture stimulation program (frac) at the Heintschel #1 well has been successfully completed and the well is now flowing hydrocarbons. The well is currently choked back but is flowing gas and condensate at good rates.

Burleson Energy Limited (ASX:BUR) is pleased to advise that a date for fracture stimulation (frac) of the Heintschel #1 well has been brought forward by one month. All necessary arrangements are now in place for the contractor, Weatherford, to undertake the frac on 26 October 2010.

Burleson Energy Limited (ASX:BUR) is pleased to announce a renounceable rights issue ("Rights Issue") to raise approximately A$3.77 million before costs. The Rights Issue offers one new share for every three shares held at the record date at an issue price of 5.5 cents per share.